14 Nov 2017quarterly activities report● Neutral
Rosehill Resources Inc. reported a quarterly net income of $1.5 million for the period ended 2017-09-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
13 Nov 2017listing compliance notice▼ Bad
Nasdaq staff told Rosehill on November 6, 2017 that its warrants fail the 400 round-lot holder requirement and that the warrants and units would be delisted, with trading suspended from November 15 unless it appeals. The company plans to appeal, which stays the suspension. Class A common stock is in compliance and will keep trading on Nasdaq either way, so this affects warrant and unit holders, not common holders.
13 Nov 2017director interest notice● Neutral
Rosehill Resources Inc. officer James Alan Townsend received 188,680 shares as part of the equity award.
13 Nov 2017director interest notice● Neutral
Rosehill Resources Inc. Chief Financial Officer Robert Craig Owen received 181,133 shares as part of the equity award.
13 Nov 2017director interest notice● Neutral
Rosehill Resources Inc. Vice President of Geology Brian K. Ayers received 71,541 shares as part of the equity award.
13 Nov 2017director interest notice● Neutral
Rosehill Resources Inc. Vice President of Land Robert Colby Williford received 51,887 shares as part of the equity award.
13 Nov 2017substantial holder notice● Neutral
Gary C. Hanna disclosed a new substantial Rosehill Resources Inc. shareholding (19.40% of votes).
13 Nov 2017substantial holder notice● Neutral
Rosemore, Inc, Tema Oil and Gas Company, Rosemore Holdings, Inc, KLR Energy Sponsor, LLC, KLR Group Investments, LLC, KLR Group Holdings, LLC, Edward Kovalik reported a Rosehill Resources Inc. shareholding of 39,721,862 shares (89.60% of votes) in a periodic institutional filing.
13 Nov 2017director interest notice● Neutral
Rosehill Resources Inc. director Edward Kovalik disposed of 6,427,187 shares via option/appreciation-right settlement.
13 Nov 2017substantial holder notice● Neutral
Polar Asset Management Partners Inc reported a Rosehill Resources Inc. shareholding of 354,191 shares (5.61% of votes) in a periodic institutional filing.
6 Nov 2017quarterly activities report● Neutral
Rosehill Resources Inc. reported a quarterly net income of $1.5 million for the period ended 2017-09-30.
2 Nov 2017financial restatement▼ BadMajor
Rosehill said its second-quarter 2017 results should no longer be relied on, because a $6.7M non-cash dividend on the Series A preferred stock tied to the Tema deal was left out. The quarterly loss per common share becomes $1.22 and the six-month result becomes a $0.47 loss per share, with no effect on cash flows or Adjusted EBITDAX. Management called the error a material weakness in internal controls, and a restated 10-Q/A will follow.
30 Oct 2017material agreement● NeutralMajor
On October 24, 2017 Rosehill's operating subsidiary agreed to buy Delaware Basin wells and leases covering about 4,565 net acres from Whitehorse Energy and Siltstone entities for roughly $77.6M cash, with an option to acquire further leases for up to $80M more. A $6M deposit has been paid; closing is targeted for about November 30, 2017, but the company has no firm financing commitment and is weighing preferred equity, debt or both. If it cannot get financing, the sellers keep the deposit. This is a new growth move beyond the Tema assets.
18 Oct 2017director interest notice● Neutral
Rosehill Resources Inc. 10%+ owner Geode Capital Master Fund LTD. - Geode Diversified Fund converted derivative holdings into 89,739 shares and disposed of 15,000.
13 Oct 2017director interest notice● Neutral
Rosehill Resources Inc. 10%+ owner Geode Capital Master Fund LTD. - Geode Diversified Fund sold 63,821 shares.
10 Oct 2017director interest notice● Neutral
Rosehill Resources Inc. 10%+ owner Geode Capital Master Fund LTD. - Geode Diversified Fund sold 67,584 shares.
10 Oct 2017director interest notice● Neutral
Rosehill Resources Inc. 10%+ owner Geode Capital Master Fund LTD. - Geode Diversified Fund converted derivative holdings into 69,565 shares.
2 Oct 2017director interest notice● Neutral
Rosehill Resources Inc. 10%+ owner K2 Principal Fund, L.P. sold 31,300 shares.
2 Oct 2017director interest notice● Neutral
Rosehill Resources Inc. 10%+ owner Geode Capital Master Fund LTD. - Geode Diversified Fund sold 65,984 shares.
16 Aug 2017quarterly activities report● Neutral
Rosehill Resources Inc. reported a quarterly net income of $915 thousand for the period ended 2017-06-30.
15 Aug 2017quarterly activities report● Neutral
Rosehill Resources Inc. reported a quarterly net income of $915 thousand for the period ended 2017-06-30.
15 Aug 2017late filing notice▼ Bad
Rosehill Resources Inc. notified the SEC that its quarterly report would be filed late.
2 Aug 2017director interest notice● Neutral
Robert Craig Owen became a Rosehill Resources Inc. CFO and company insider (initial ownership filing).
28 July 2017director interest notice● Neutral
Rosehill Resources Inc. 10%+ owner Geode Capital Master Fund LTD. - Geode Diversified Fund sold 21,123 shares.
28 July 2017director interest notice● Neutral
Geode Capital Master Fund LTD. - Geode Diversified Fund became a Rosehill Resources Inc. 10%+ owner and company insider (initial ownership filing).
21 July 2017director interest notice● Neutral
Rosehill Resources Inc. director William E Mayer received 17,611 shares as part of the equity award.
21 July 2017director interest notice● Neutral
Rosehill Resources Inc. director Harry Quarls received 17,611 shares as part of the equity award.
21 July 2017director interest notice● Neutral
Rosehill Resources Inc. director Francis A Contino received 17,611 shares as part of the equity award.
21 July 2017director interest notice● Neutral
Rosehill Resources Inc. director Edward Kovalik received 17,611 shares as part of the equity award.
21 July 2017director interest notice● Neutral
Rosehill Resources Inc. director Frank Rosenberg received 17,611 shares as part of the equity award.