25 July 2006securities registration● Neutral
SKY PETROLEUM, INC. amended a filing by which it registered a securities offering with the SEC.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
29 June 2006securities registration● Neutral
SKY PETROLEUM, INC. registered a securities offering with the SEC.
20 June 2006securities registration● Neutral
SKY PETROLEUM, INC. filed the final prospectus for a registered offering.
16 June 2006securities registration● Neutral
SKY PETROLEUM, INC. amended a filing by which it registered a securities offering with the SEC.
13 June 2006securities registration● Neutral
SKY PETROLEUM, INC. amended a filing by which it registered a securities offering with the SEC.
12 June 2006securities registration● Neutral
SKY PETROLEUM, INC. amended a filing by which it registered a securities offering with the SEC.
2 June 2006director officer appointment● NeutralMajor
The original shell-era management left: Daniel Meyer, who had bought control for $7,000 fourteen months earlier, resigned as president, finance chief James Screaton was paid off, and Shafiq Ur Rahman was appointed in his place. The bylaws were also loosened to let a third of shareholders form a quorum, a sign the register was too scattered to muster the usual half.
24 Apr 2006securities registration● Neutral
SKY PETROLEUM, INC. amended a filing by which it registered a securities offering with the SEC.
3 Apr 2006director interest notice● Neutral
Ian R Baron became a SKY PETROLEUM, INC. director and company insider (initial ownership filing).
13 Mar 2006director interest notice● Neutral
Brent D Kinney became a SKY PETROLEUM, INC. Chief Executive Officer and company insider (initial ownership filing).
7 Mar 2006director interest notice● Neutral
SKY PETROLEUM, INC. Vice President, Corporate Michael David Noonan bought 10,000 shares on the open market.
13 Feb 2006securities registration● Neutral
SKY PETROLEUM, INC. registered a securities offering with the SEC.
22 Dec 2005substantial holder notice● Neutral
Metage Capital Limited disclosed a new substantial SKY PETROLEUM, INC. shareholding (8.80% of votes).
20 Dec 2005capital raising announcement▲ GoodMajor
Sky raised a further $16 million selling 16 million shares at $1.00, its largest raise yet and twice the price of the August placement, taking total funds raised in 2005 to roughly $37 million against the $25 million Mubarek commitment.
What it means for a shareholder
16.0m new shares at US$1.00 to raise about US$16.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
18 Nov 2005securities registration● Neutral
SKY PETROLEUM, INC. filed the final prospectus for a registered offering.
18 Nov 2005securities registration● Neutral
SKY PETROLEUM, INC. filed the final prospectus for a registered offering.
15 Nov 2005late filing notice▼ Bad
SKY PETROLEUM, INC. notified the SEC that its quarterly report would be filed late.
10 Nov 2005director officer appointment● NeutralMajor
Donald Cameron lasted four months as chief executive: his contract was terminated and Brent Kinney, an energy lawyer with long Gulf experience, took over at $17,500 a month. Tellingly, the board could sack Kinney from October 2006 if the two Mubarek wells had not been drilled - the whole company hung on those two wells.
7 Nov 2005securities registration● Neutral
SKY PETROLEUM, INC. filed the final prospectus for a registered offering.
7 Nov 2005securities registration● Neutral
SKY PETROLEUM, INC. filed the final prospectus for a registered offering.
31 Oct 2005securities registration● Neutral
SKY PETROLEUM, INC. amended a filing by which it registered a small-business securities offering with the SEC.
13 Oct 2005securities registration● Neutral
SKY PETROLEUM, INC. amended a filing by which it registered a small-business securities offering with the SEC.
12 Oct 2005securities registration● Neutral
SKY PETROLEUM, INC. amended a filing by which it registered a small-business securities offering with the SEC.
29 Sept 2005capital raising announcement● Neutral
Michael Noonan's appointment as VP corporate was formalised with 600,000 options at $1.29, vesting over three years - the strike price shows how far the stock had run since the $0.50 placement in April.
29 Sept 2005director interest notice● Neutral
SKY PETROLEUM, INC. Vice President, Corporate Michael David Noonan bought 600,000 shares on the open market at $0.00.
22 Sept 2005capital raising announcement▲ GoodMajor
An $11 million preferred share placement at $3.60 (convertible into four common shares each) closed with a single offshore investor, who also gets to appoint a director. Combined with the August raise this cleared all of Sky's outstanding debt, ending the demand-loan scramble that had funded the Mubarek payments since June.
13 Sept 2005securities registration● Neutral
SKY PETROLEUM, INC. amended a filing by which it registered a small-business securities offering with the SEC.
13 Sept 2005securities registration● Neutral
SKY PETROLEUM, INC. registered a small-business securities offering with the SEC.
9 Sept 2005securities registration● Neutral
SKY PETROLEUM, INC. amended a filing by which it registered a small-business securities offering with the SEC.
7 Sept 2005director interest notice● Neutral
Michael David Noonan became a SKY PETROLEUM, INC. Vice President, Corporate and company insider (initial ownership filing).