12 Nov 2015quarterly activities report▼ Bad
Sable Natural Resources Corp reported a quarterly net loss of $547 thousand for the period ended 2015-09-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
3 Sept 2015bankruptcy or receivership▼ BadMajor
On August 28, 2015, the subsidiary Sable Operating Company filed for Chapter 11 bankruptcy in the Northern District of Texas. The company attributes it to a default of $11.325 million on the 13% senior secured notes that financed the 2014 Upham purchase, after holders gave notice on August 6 of acceleration and a foreclosure sale set for September 1, 2015. The filing covers only the subsidiary, which holds the Upham assets; it does not say the parent company filed or what will happen to shareholders' stock.
14 Aug 2015quarterly activities report▼ Bad
Sable Natural Resources Corp reported a quarterly net loss of $669 thousand for the period ended 2015-06-30.
26 May 2015quarterly activities report▼ Bad
Sable Natural Resources Corp reported a quarterly net loss of $2.7 million for the period ended 2015-03-31.
15 May 2015late filing notice▼ Bad
Sable Natural Resources Corp notified the SEC that its quarterly report would be filed late.
15 May 2015agm notice● Neutral
Sable Natural Resources Corp announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
22 Jan 2015asset acquisition disposition● Neutral
This amended filing adds the statement of revenues and direct operating expenses for the Upham properties bought on October 15, 2014 (19,881 acres, 123 wells, $9.5 million cash). It repeats the earlier acquisition description; the figures themselves are in an exhibit not reproduced here, so no results are stated. The registrant now appears under the name Sable Natural Resources Corporation.
13 Nov 2014quarterly activities report▼ Bad
Sable Natural Resources Corp reported a quarterly net loss of $756 thousand for the period ended 2014-09-30.
24 Oct 2014quarterly activities report▼ Bad
Sable Natural Resources Corp reported a quarterly net loss of $756 thousand for the period ended 2014-09-30.
23 Oct 2014securities registration● Neutral
Sable Natural Resources Corp filed notice of an exempt private placement.
21 Oct 2014asset acquisition disposition● NeutralMajor
Through its subsidiary Sable Operating Company (formerly NYTEX Petroleum, Inc.), the company arranged a loan of up to $15 million at 13% interest (due October 15, 2017) and used it to buy, for $9.5 million cash, 100% of leases covering 19,881 acres with 123 wells (49 producing, 69 shut-in) from Upham Oil & Gas and affiliated sellers. $8.9 million of notes were issued at closing, secured by a first lien on the purchased assets, and lenders received warrants over about 4,895,000 shares at $0.50 (up to 8,250,000 if the loan is fully drawn). Lender RKJ Holdings, owned by company President/COO and director Cory Hall, lent $2.85 million and got warrants over 1,567,500 shares. This gives the company operating oil and gas assets again after the 2012 sales, funded with secured debt and potentially dilutive warrants.
30 Sept 2014quarterly activities report▼ Bad
Sable Natural Resources Corp reported a quarterly net loss of $756 thousand for the period ended 2014-09-30.
30 Sept 2014securities registration● Neutral
Sable Natural Resources Corp amended a filing by which it filed notice of an exempt private placement.
2 July 2014securities registration● Neutral
Sable Natural Resources Corp filed notice of an exempt private placement.
28 Mar 2014late filing notice▼ Bad
Sable Natural Resources Corp notified the SEC that its annual report would be filed late.
4 Mar 2014securities registration● Neutral
Sable Natural Resources Corp filed notice of an exempt private placement.
13 Nov 2013quarterly activities report▼ Bad
Sable Natural Resources Corp reported a quarterly net loss of $495 thousand for the period ended 2013-09-30.
13 Aug 2013quarterly activities report▼ Bad
Sable Natural Resources Corp reported a quarterly net loss of $577 thousand for the period ended 2013-06-30.
24 June 2013director interest notice● Neutral
Sable Natural Resources Corp director Jonathan C Rich received 5,000 shares and a 12,000-share option grant as part of the equity award.
13 May 2013quarterly activities report▼ Bad
Sable Natural Resources Corp reported a quarterly net loss of $670 thousand for the period ended 2013-03-31.
29 Mar 2013director interest notice● Neutral
Sable Natural Resources Corp President & CEO Michael K Galvis received 15,000 shares and a 60,000-share option grant as part of the equity award.
29 Mar 2013director interest notice● Neutral
Sable Natural Resources Corp director William G Brehmer received 10,000 shares and a 48,000-share option grant as part of the equity award.
29 Mar 2013director interest notice● Neutral
Sable Natural Resources Corp V.P & Chief Financial Officer Bryan A Sinclair received 75,000 shares and a 36,000-share option grant as part of the equity award.
30 Jan 2013listing compliance notice▼ Bad
Sable Natural Resources Corp withdrew a registration statement, abandoning the offering it covered.
4 Dec 2012material agreement● NeutralMajor
On November 29, 2012, through its subsidiary NYTEX Petroleum, Inc., the company sold its 15% interest in about 17,000 leasehold acres (including two producing wells and a carried interest in seven more drilling prospects) to Newark E&P, LLC for $3.2 million in cash. This is a further disposal after the May 2012 sale of Francis Drilling Fluids, and the filing does not say what use the cash will be put to.
6 Nov 2012quarterly activities report▼ Bad
Sable Natural Resources Corp reported a quarterly net loss of $263 thousand for the period ended 2012-09-30.
25 Oct 2012securities registration● Neutral
Sable Natural Resources Corp filed notice of an exempt private placement.
16 Aug 2012quarterly activities report● Neutral
Sable Natural Resources Corp reported a quarterly net income of $296 thousand for the period ended 2012-06-30.
14 Aug 2012quarterly activities report● Neutral
Sable Natural Resources Corp reported a quarterly net income of $296 thousand for the period ended 2012-06-30.
16 July 2012director interest notice● Neutral
Sable Natural Resources Corp VP/CFO Bryan A Sinclair received 75,000 shares as part of the equity award.