Past year: ▲ 54900%(0.01c – 5.50c USD)
Each one in plain English, with the numbers worked through for a shareholder.
17 Feb 2023material agreement termination▼ BadMajor
Both 2021 ventures ended together and quietly: the helicopter joint venture with Unity Accipiter and the South African fuels arrangement with Himmelhoch were mutually terminated before either began any activity. Neither produced anything, which is the pattern for every venture Sky announced after Albania.
12 July 2021material agreement▼ BadMajor
Sastaro - the subsidiary created in 2005 to hold the UAE oil interest - was repurposed to enter a joint venture supplying refurbished Black Hawk helicopters to Indonesia's defence ministry, a contract valued at $400-480 million. A company with no revenue announcing a deal larger than anything in its history, in an industry it has never worked in.
27 May 2021material agreement● Neutral
Sky agreed to form a joint venture with South African firm Himmelhoch Petroleum & Gas to trade fuels off Himmelhoch's wholesale licence - a third business direction in four years, and still nothing operating.
7 Mar 2019material agreement● NeutralMajor
Sky signed a second and far bigger Libyan crude contract - 3 million barrels a month for two years from the same Benghazi authority. Nothing in the filings shows the first contract ever produced a cargo, and a company that could not raise $2 million had no plausible way to pay for this.
27 Apr 2017material agreement● NeutralMajor
After two silent years Sky reappeared with something entirely different: a contract to buy 5 million barrels of crude from the Benghazi-based National Oil Corporation in Libya. This is oil trading, not exploration, with no disclosed funding, no Albanian follow-through, and a counterparty that was the rival of the internationally recognised Libyan oil authority.
11 May 2015capital raising announcement▼ BadMajor
A $500,000 two-year convertible note at $0.08 was Sky's last real financing, and on this evidence the company was worth less each time it asked. Its regular reporting stops shortly after this.
3 Dec 2014director interest notice● Neutral
SKY PETROLEUM, INC. director Muriel Dube received 50,000 shares and a 300,000-share option grant as part of the equity award.
3 Dec 2014director interest notice● Neutral
Muriel Dube became a SKY PETROLEUM, INC. director and company insider (initial ownership filing).
14 Nov 2014quarterly activities report▼ Bad
SKY PETROLEUM, INC. reported a quarterly net loss of $220 thousand for the period ended 2014-09-30.
19 Aug 2014quarterly activities report● Neutral
SKY PETROLEUM, INC. reported a quarterly net income of $662 thousand for the period ended 2014-06-30.
15 Aug 2014late filing notice▼ Bad
SKY PETROLEUM, INC. notified the SEC that its quarterly report would be filed late.
30 May 2014capital raising announcement▼ BadMajor
Sky raised $400,000 at $0.05 a unit, again with its former chief executive's vehicle OceanRidge taking part. The price was a fifth of the 2012 placements and a twentieth of the $1.00 raised in 2005 - the Albanian licences were not attracting outside capital.
20 May 2014quarterly activities report▼ Bad
SKY PETROLEUM, INC. reported a quarterly net loss of $208 thousand for the period ended 2014-03-31.
15 May 2014late filing notice▼ Bad
SKY PETROLEUM, INC. notified the SEC that its quarterly report would be filed late.
14 May 2014director interest notice● Neutral
Michael David Noonan became a SKY PETROLEUM, INC. company insider (initial ownership filing).
12 May 2014director officer appointment▼ Bad
The director loan was rolled over a second time, to May 2015, with $25,000 of interest paid up front, and Jobanputra's one-man executive role was confirmed again.
1 Apr 2014late filing notice▼ Bad
SKY PETROLEUM, INC. notified the SEC that its annual report would be filed late.
8 Jan 2014director officer appointment▼ BadMajor
Sky could not repay director Rachovides' $150,000 note and pushed the maturity out four months; at the same time Karim Jobanputra was formally reinstalled as interim chief executive, finance chief and secretary - one man holding every executive office.
20 Nov 2013quarterly activities report▼ Bad
SKY PETROLEUM, INC. reported a quarterly net loss of $264 thousand for the period ended 2013-09-30.
14 Nov 2013late filing notice▼ Bad
SKY PETROLEUM, INC. notified the SEC that its quarterly report would be filed late.
28 Oct 2013material agreement● Neutral
Sky opened a second front, putting a UK subsidiary into a 75/25 joint venture with SO Ventures through Northern Ireland company Hyde Resources to chase oil and gas licences - with Sky undertaking to find the funding, which was precisely what it could not do in Albania.
14 Aug 2013quarterly activities report▼ Bad
SKY PETROLEUM, INC. reported a quarterly net loss of $467 thousand for the period ended 2013-06-30.
26 June 2013director interest notice● Neutral
SKY PETROLEUM, INC. director Karim Jobanputra bought 130,100 shares on the open market.
15 May 2013quarterly activities report▼ Bad
SKY PETROLEUM, INC. reported a quarterly net loss of $11.8 million for the period ended 2013-03-31.
7 May 2013director interest notice● Neutral
SKY PETROLEUM, INC. director Mark Rachovides bought 71,208 shares on the open market.
25 Jan 2013capital raising announcement▼ BadMajor
Unable to place stock, Sky borrowed $150,000 from its own director Mark Rachovides on an 8% note convertible at $0.25. Small money, and from the boardroom - the same insider-funding pattern as the 2012 placements.
11 Jan 2013director interest notice● Neutral
SKY PETROLEUM, INC. director Karim Jobanputra bought 24,000 shares on the open market.
20 Dec 2012director interest notice● Neutral
SKY PETROLEUM, INC. director Mark Rachovides bought 100,000 shares on the open market.
12 Dec 2012director interest notice● Neutral
SKY PETROLEUM, INC. director Mark Rachovides bought 100,000 shares on the open market.
14 Nov 2012quarterly activities report▼ Bad
SKY PETROLEUM, INC. reported a quarterly net loss of $359 thousand for the period ended 2012-09-30.
