8 Feb 2005securities registration● Neutral
TIPPERARY CORP filed the final prospectus for a registered offering.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
12 Jan 2005material agreement● Neutral
Tipperary extended Senior Vice President Jeffrey Obourn's January 2002 employment agreement by one year, with all other terms unchanged. His minimum pay is $150,000 a year, and he gets two years of pay if terminated without cause. This is a routine management contract renewal.
4 Jan 2005material agreement▲ Good
Tipperary's Australian subsidiary signed another Comet Ridge gas sales contract, with Santos QNT, starting January 1, 2005 for 21 months at 7,200 to 9,700 Mcf per day. It adds to the Energex and Orica contracts signed in December 2004.
23 Dec 2004material agreement▲ GoodMajor
Tipperary's Australian subsidiary signed two gas sales contracts from Comet Ridge: an extension with Energex starting June 1, 2005 for 23 months (7,300 to 14,500 Mcf per day), and a new 10-year contract with Orica starting June 26, 2006 (3,000 to 4,800 Mcf per day). Tipperary and its subsidiaries hold a 71.7% pre-royalty interest in Comet Ridge production. This secures longer-term buyers for the Comet Ridge gas.
10 Dec 2004director interest notice● Neutral
TIPPERARY CORP Senior Vice President Jeff T Obourn exercised stock options for 20,000 shares and disposed of 20,000 shares.
4 Nov 2004material agreement▲ GoodMajor
On October 30, 2004 Tipperary and its subsidiaries agreed to settle the Comet Ridge litigation with Tri-Star Petroleum. Tri-Star will transfer registered title to all project tenements plus its 2.25% working interest, keeping a 1.5% overriding royalty, in return for $5 million from Tipperary. This would confirm Tipperary's subsidiary as operator and give it majority title. The deal is conditional on Australian government consents within 45 days, failing which either side can void it and resume litigation. This is the dispute with Tri-Star that the 2002 Delta deal referred to as a pending lawsuit.
26 Oct 2004securities registration● Neutral
TIPPERARY CORP registered a securities offering with the SEC using its shelf eligibility.
19 Oct 2004director interest notice● Neutral
TIPPERARY CORP 10%+ owner Slough Estates Usa INC sold 1,500,000 shares at $4.00.
8 Oct 2004substantial holder notice● Neutral
Wellington Management Company, LLP disclosed a new substantial TIPPERARY CORP shareholding (13.11% of votes).
30 Sept 2004substantial holder notice● Neutral
Slough Estates USA Inc, Slough Trading Estate Limited, Slough Estates plc reported a TIPPERARY CORP shareholding of 24,022,273 shares (55.80% of votes) in a periodic institutional filing.
24 Sept 2004capital raising announcement● NeutralMajor
Tipperary sold 2,000,000 new unregistered shares at $4.00 each (about $8 million at that price) to eleven unaffiliated institutional investors, completed September 23, 2004. The deal includes a registration rights agreement, and existing shareholders are diluted by the new shares. The filing does not state what the money is for.
22 Sept 2004director interest notice● Neutral
TIPPERARY CORP 10%+ owner Slough Estates Usa INC sold 1,500,000 shares at $4.00.
15 July 2004director interest notice● Neutral
TIPPERARY CORP Chief Financial Officer Joseph Bruce Feiten exercised stock options for 7,500 shares and disposed of 15,000 shares.
13 Feb 2004substantial holder notice● Neutral
Columbia Wanger Asset Management, L.P, WAM Acquisition GP, Inc., Columbia Acorn Trust reported a TIPPERARY CORP shareholding of 2,611,712 shares (6.70% of votes) in a periodic institutional filing.
2 Feb 2004director interest notice● Neutral
TIPPERARY CORP Senior Vice President Jeff T Obourn sold 3,814 shares at $3.85.
23 Jan 2004director interest notice● Neutral
TIPPERARY CORP Senior Vice President Jeff T Obourn exercised stock options for 15,000 shares and disposed of 30,000 shares.
23 Jan 2004director interest notice● Neutral
TIPPERARY CORP Chief Executive Officer David L Bradshaw exercised stock options for 80,000 shares and disposed of 160,000 shares.
10 Feb 2003substantial holder notice● Neutral
Liberty Wanger Asset Management, L.P, WAM Acquisition GP, Inc., Liberty Acorn Trust reported a TIPPERARY CORP shareholding of 2,511,712 shares (6.40% of votes) in a periodic institutional filing.
12 Dec 2002asset acquisition disposition▲ GoodMajor
On November 27, 2002 Tipperary sold Kerr-McGee 75% to 80% interests in 230,000 undeveloped acres in eastern Colorado for $4.8 million, keeping the remaining 20% to 25%. Kerr-McGee will operate, and exploration is planned for early 2003. The company expects to book a $1.4 million gain. This is a further sale of US acreage after the West Buna sale to Delta.
13 Aug 2002asset acquisition disposition▲ Good
Tipperary corrected the pro forma numbers for the May 2002 Delta deal: instead of the $1.297 million loss estimated in June, it now records a $766,000 gain on the West Buna sale in the June 2002 quarter, because it revised its estimate of the value of the unproved US properties it kept. The Comet Ridge purchase is now shown at $5.55 million including about $300,000 of assumed liabilities. The deal terms themselves are unchanged.
10 June 2002asset acquisition disposition● NeutralMajor
On May 24, 2002 Tipperary sold its West Buna field interests in Texas to Delta Petroleum for $4.1 million cash and bought Delta's 5% interest in the Comet Ridge project (ATP 526, Queensland, Australia) for $5.25 million ($4.8 million cash plus 250,000 unregistered shares valued at $450,000). This lifts its capital-bearing interest in Comet Ridge to 70%. The filing says West Buna was its only remaining domestic producing asset, and the company also gets an option on interests in six other ATPs with no proved reserves and agrees to assume up to $600,000 of Delta's obligations. The company's pro forma figures at this point showed an expected $1.297 million loss on the sale.
10 Jan 2002securities registration● Neutral
TIPPERARY CORP filed the final prospectus for a registered offering.
4 Jan 2002securities registration● Neutral
TIPPERARY CORP amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
17 Dec 2001securities registration● Neutral
TIPPERARY CORP registered a securities offering with the SEC using its shelf eligibility.
26 Oct 2001securities registration● Neutral
TIPPERARY CORP filed the final prospectus for a registered offering.
19 Oct 2001securities registration● Neutral
TIPPERARY CORP amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
26 July 2001securities registration● Neutral
TIPPERARY CORP amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
15 June 2001securities registration● Neutral
TIPPERARY CORP amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
17 Apr 2001securities registration● Neutral
TIPPERARY CORP registered a securities offering with the SEC using its shelf eligibility.
11 Apr 2001securities registration● Neutral
TIPPERARY CORP amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.