16 May 2011quarterly activities report▼ Bad
SKY PETROLEUM, INC. reported a quarterly net loss of $568 thousand for the period ended 2011-03-31.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
10 May 2011director interest notice● Neutral
SKY PETROLEUM, INC. Chief Executive Officer Karim Jobanputra bought 79,100 shares on the open market.
22 Apr 2011director interest notice● Neutral
SKY PETROLEUM, INC. director Oliver John Whittle bought 15,600 shares on the open market at $0.48.
15 Mar 2011director interest notice● Neutral
SKY PETROLEUM, INC. Chief Executive Officer Karim Jobanputra bought 177,000 shares on the open market.
11 Jan 2011director interest notice● Neutral
SKY PETROLEUM, INC. Vice President, Corporate Michael David Noonan bought 10,000 shares on the open market.
8 Dec 2010capital raising announcement▲ GoodMajor
Albania's cabinet approved the production sharing contract, making the licences real, and Sky paid Orsett its finder's fee in stock - 3.86 million preferred and 1.5 million common shares. These are the shares Sky would later try to freeze when the relationship soured.
15 Nov 2010quarterly activities report▼ Bad
SKY PETROLEUM, INC. reported a quarterly net loss of $377 thousand for the period ended 2010-09-30.
19 Oct 2010director interest notice● Neutral
SKY PETROLEUM, INC. Chief Executive Officer Karim Jobanputra bought 75,000 shares on the open market at $0.29.
18 Oct 2010director interest notice● Neutral
SKY PETROLEUM, INC. Chief Executive Officer Karim Jobanputra bought 72,200 shares on the open market.
7 Oct 2010director officer appointment● Neutral
Sky reworked what it owed Orsett for finding the Albanian licences and appointed Qatari businessman Sheikh Jabor Bin Yusef Bin Jassim Al-Thani to the board, adding Gulf connections as it moved its centre of gravity from the UAE to the Balkans.
25 Aug 2010director interest notice● Neutral
SKY PETROLEUM, INC. director Oliver John Whittle received 25,000 shares and a 150,000-share option grant as part of the equity award.
25 Aug 2010director interest notice● Neutral
Oliver John Whittle became a SKY PETROLEUM, INC. director and company insider (initial ownership filing).
19 Aug 2010director officer appointment● Neutral
Oliver Whittle joined the board on the same terms recent directors had taken - $30,000 a year and 150,000 options at $0.50.
13 Aug 2010quarterly activities report▼ Bad
SKY PETROLEUM, INC. reported a quarterly net loss of $265 thousand for the period ended 2010-06-30.
21 July 2010director interest notice● Neutral
SKY PETROLEUM, INC. director Robert P. Curt received a stock option grant for 150,000 shares.
21 July 2010director interest notice● Neutral
SKY PETROLEUM, INC. director Robert P. Curt received a stock option grant for 50,000 shares.
21 July 2010director interest notice● Neutral
Robert P. Curt became a SKY PETROLEUM, INC. director and company insider (initial ownership filing).
20 July 2010director interest notice● Neutral
SKY PETROLEUM, INC. Chief Executive Officer Karim Jobanputra bought 275,000 shares on the open market at $0.28.
20 July 2010director interest notice● Neutral
SKY PETROLEUM, INC. Vice President, Corporate Michael David Noonan bought 78,800 shares on the open market.
15 July 2010director interest notice● Neutral
SKY PETROLEUM, INC. Chief Executive Officer Karim Jobanputra bought 85,000 shares on the open market.
12 July 2010director interest notice● Neutral
SKY PETROLEUM, INC. Vice President, Corporate Michael David Noonan bought 100,000 shares on the open market at $0.18.
12 July 2010director interest notice● Neutral
SKY PETROLEUM, INC. Chief Executive Officer Karim Jobanputra bought 75,000 shares on the open market at $0.18.
6 July 2010director interest notice● Neutral
SKY PETROLEUM, INC. Chief Executive Officer Karim Jobanputra received a stock option grant for 300,000 shares.
6 July 2010director interest notice● Neutral
SKY PETROLEUM, INC. Vice President, Corporate Michael David Noonan received a stock option grant for 150,000 shares.
30 June 2010material agreement▲ GoodMajor
Sky replaced Mubarek with something far larger on paper: a production sharing contract over Blocks Four, Five and Dumre in Albania, about 5,000 square kilometres or a fifth of the country's land area, with 1,200 km of existing seismic. Exploration acreage of this size is cheap to acquire and expensive to work - the question from here is whether Sky could fund it.
30 June 2010director interest notice● Neutral
SKY PETROLEUM, INC. Chief Executive Officer Karim Jobanputra bought 100,000 shares on the open market.
25 May 2010material agreement● NeutralMajor
Four months after losing Mubarek, Sky hired British Virgin Islands consultant Orsett Ventures to find it oil and gas ground in Albania, paying 3 million shares on a first qualifying deal - a new country and a new start, bought with paper rather than cash.
7 Jan 2010material agreement termination▼ BadMajor
The end of the company Sky had spent $25 million becoming: operator Buttes declared the Mubarek field economically exhausted and terminated the participation agreement, and because Sky only ever held a share of production revenue rather than the concession itself, it was left with nothing to show for the drilling costs it had funded. Sky was back to being a company without an asset.
4 Aug 2009director officer appointment● Neutral
Robert Curt joined the board on standard terms of $30,000 a year plus 150,000 options at $0.50 - the strike price a reminder that the stock was far below the $1.00 investors paid in late 2005.
9 June 2009substantial holder notice● Neutral
Karim Jobanputra reported a SKY PETROLEUM, INC. shareholding of 11,258,000 shares (19.08% of votes) in a periodic institutional filing.