13 Oct 2011securities registration● Neutral
Tiger Oil & Energy, 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.
13 Oct 2011quarterly activities report▼ Bad
Tiger Oil & Energy, Inc. reported a quarterly net loss of $5 thousand for the period ended 2011-09-30.
22 Sept 2011securities registration● Neutral
Tiger Oil & Energy, Inc. amended a filing by which it registered a securities offering with the SEC.
21 Sept 2011asset acquisition disposition▼ BadMajor
A fourth amendment states the company attempted to acquire the Montana project but was unable to complete the transaction, resolving the earlier Montana thread negatively. It says the Oklahoma wells are shut-in and will be evaluated against restart cost, that about $400,000 is needed to put the Kansas wells back into production, and that no funding agreement has been signed. Further programs would need private placements.
23 Aug 2011asset acquisition disposition● NeutralMajor
A third amendment replaces the Montana plan with a list of smaller properties: two shut-in wells on about 50 acres in Creek County, Oklahoma (no revenue); three Southern Kansas leases totaling 400 acres bought on February 9, 2011 for a note and 250,000 shares, with an 81.5% working interest; and two shut-in oil wells in Ness County, Kansas bought at auction for cash on March 31, 2011. The Montana project is no longer described, and no price for the Kansas leases is given beyond the note and shares.
12 Aug 2011quarterly activities report▼ Bad
Tiger Oil & Energy, Inc. reported a quarterly net loss of $3 thousand for the period ended 2011-06-30.
23 May 2011quarterly activities report▼ Bad
Tiger Oil & Energy, Inc. reported a quarterly net loss of $24 thousand for the period ended 2011-03-31.
16 May 2011late filing notice▼ Bad
Tiger Oil & Energy, Inc. notified the SEC that its quarterly report would be filed late.
4 May 2011asset acquisition disposition● Neutral
A second amendment to the Jett Rink report that changes the stated closing date from September 28, 2010 to October 29, 2010, which contradicts the date given in the earlier filings. The Montana project description and the shell-company status statement are otherwise repeated unchanged.
1 Apr 2011late filing notice▼ Bad
Tiger Oil & Energy, Inc. notified the SEC that its annual report would be filed late.
28 Jan 2011asset acquisition disposition● Neutral
An amended version of the earlier report on the Jett Rink acquisition: the company (formerly UTEC) acquired Jett Rink Oil, LLC from Bill Herndon for about 10,000,000 shares, with the closing stated here as September 28, 2010. It repeats management's Montana (Kevin-Sunburst Dome) plan, which is a target and estimate, not a result, and restates that the company ceased to be a shell company. No new transaction is added; the share issuance dilutes existing holders (inference).
27 Jan 2011securities registration● Neutral
Tiger Oil & Energy, Inc. amended a filing by which it registered a securities offering with the SEC.
16 Dec 2010securities registration● Neutral
Tiger Oil & Energy, Inc. registered a securities offering with the SEC.
19 Nov 2010material agreement▲ GoodMajor
On October 27, 2010 the company signed an agreement with Black Hawk Exploration (BHWX) and Tiger Oil & Gas, LLC to jointly develop oil and gas leases of about 2,553 gross acres in Cowley County, Kansas, with Tiger LLC as operator. Black Hawk paid the company a $40,000 commission, and the company can earn a 40% working interest in the #1 Baker well by investing $400,000 in a drilling program.
15 Nov 2010late filing notice▼ Bad
Tiger Oil & Energy, Inc. notified the SEC that its quarterly report would be filed late.
4 Oct 2010asset acquisition disposition● NeutralMajor
On September 28, 2010 the company, now named Tiger Oil and Energy, Inc. (formerly UTEC), closed its purchase of Jett Rink Oil, LLC, a Kansas oil and gas company, from its sole owner Bill Herndon for 10,000,000 new common shares. The filing says the company is no longer a shell company and describes a plan for a Montana (Kevin-Sunburst Dome) project; these are management's targets and estimates, not results. Existing shareholders are diluted by the new shares (inference from the share issuance).
13 Sept 2010director interest notice● Neutral
Tiger Oil & Energy, Inc. director Paul Liebman received 2,000,000 shares as part of the equity award.
16 Aug 2010late filing notice▼ Bad
Tiger Oil & Energy, Inc. notified the SEC that its quarterly report would be filed late.
10 Aug 2010director interest notice● Neutral
Tiger Oil & Energy, Inc. director Bill F. Herndon received 2,000,000 shares as part of the equity award.
10 Aug 2010director interest notice● Neutral
Paul Liebman became a Tiger Oil & Energy, Inc. director and company insider (initial ownership filing).
9 Aug 2010director interest notice● Neutral
Bill F. Herndon became a Tiger Oil & Energy, Inc. director and company insider (initial ownership filing).
27 May 2010director interest notice● Neutral
Tiger Oil & Energy, Inc. director David P Taylor bought 10,000 shares on the open market at $0.02.
27 May 2010director interest notice● Neutral
Tiger Oil & Energy, Inc. President/CEO Fortunato Villamagna bought 2,010,000 shares on the open market.
3 May 2010director interest notice● Neutral
Tiger Oil & Energy, Inc. 10%+ owner Excalibur Group, A.G. disposed of 10,600,000 shares via option/appreciation-right settlement.
31 Mar 2010late filing notice▼ Bad
Tiger Oil & Energy, Inc. notified the SEC that its annual report would be filed late.
16 Nov 2009late filing notice▼ Bad
Tiger Oil & Energy, Inc. notified the SEC that its quarterly report would be filed late.
10 Nov 2009auditor change● Neutral
This amendment corrects the new auditor's name to Sadler, Gibb & Associates, LLC (the earlier filing said Sadler, Jones) and attaches Seale and Beers' letter to the SEC. It confirms Seale and Beers did not provide any financial statements.
4 Nov 2009auditor change● Neutral
On November 2, 2009 the company engaged Sadler, Jones & Associates, LLC as its auditor in place of Seale and Beers, which the filing says never performed any work for the company. This is the third auditor named since April 2009; the firm's name is corrected in the next filing.
2 Sept 2009auditor change● Neutral
This amendment restates the August 2009 switch from Moore & Associates to Seale and Beers with added no-disagreement wording. It now says the company could not obtain the confirming letter from Moore, contradicting the original filing's statement that the letter was attached.
17 Aug 2009late filing notice▼ Bad
Tiger Oil & Energy, Inc. notified the SEC that its quarterly report would be filed late.