21 Aug 2015quarterly activities report● Neutral
TN-K ENERGY GROUP INC. reported quarterly revenue of $11 thousand for the period ended 2015-06-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
1 Apr 2015late filing notice▼ Bad
TN-K ENERGY GROUP INC. notified the SEC that its annual report would be filed late.
14 Nov 2014quarterly activities report● Neutral
TN-K ENERGY GROUP INC. reported quarterly revenue of $62 thousand for the period ended 2014-09-30.
14 Aug 2014quarterly activities report● Neutral
TN-K ENERGY GROUP INC. reported quarterly revenue of $69 thousand for the period ended 2014-06-30.
14 May 2014quarterly activities report▼ Bad
TN-K ENERGY GROUP INC. reported quarterly revenue of $13 thousand and a net loss of $99 thousand for the period ended 2014-03-31.
1 Apr 2014late filing notice▼ Bad
TN-K ENERGY GROUP INC. notified the SEC that its annual report would be filed late.
14 Nov 2013quarterly activities report● Neutral
TN-K ENERGY GROUP INC. reported quarterly revenue of $382 thousand for the period ended 2013-09-30.
14 Aug 2013quarterly activities report● Neutral
TN-K ENERGY GROUP INC. reported quarterly revenue of $88 thousand for the period ended 2013-06-30.
14 May 2013quarterly activities report▼ Bad
TN-K ENERGY GROUP INC. reported quarterly revenue of $49 thousand and a net loss of $84 thousand for the period ended 2013-03-31.
2 Apr 2013late filing notice▼ Bad
TN-K ENERGY GROUP INC. notified the SEC that its annual report would be filed late.
14 Nov 2012quarterly activities report● Neutral
TN-K ENERGY GROUP INC. reported quarterly revenue of $54 thousand for the period ended 2012-09-30.
25 Oct 2012auditor change● Neutral
On October 23, 2012 the company dismissed Sherb & Co., LLP and engaged Liggett, Vogt & Webb, P.A. as its auditor. Sherb had audited 2010 and 2011, and both reports raised going-concern doubt. There were no disagreements and no adverse opinion. Sherb did not resign; the board dismissed it. This is the fourth auditor named in the company's history here, continuing the pattern of auditor turnover.
14 Aug 2012quarterly activities report● Neutral
TN-K ENERGY GROUP INC. reported quarterly revenue of $1.6 million for the period ended 2012-06-30.
14 May 2012quarterly activities report● Neutral
TN-K ENERGY GROUP INC. reported quarterly revenue of $145 thousand and net income of $3.1 million for the period ended 2012-03-31.
23 Apr 2012asset acquisition disposition● NeutralMajor
On April 17, 2012 the company sold its 27.5% working and operating interests in the 738-acre J.R. and Pansy Clark lease in Green County, Kentucky (42 oil wells plus the checkerboard rights it built up in 2009 and 2010) to Texas Mineral Properties, LLC (BSAG Properties). It received $716,666.68 cash including commission, 5% overriding royalties on the Clark lease and on four other Green County leases (Simmons, Blaydes, Ervin, Hickerson), and 30% drilling participation rights. The company's press release calls it part of a $4.8 million two-part transaction. This disposes of the Kentucky interest the company paid for with shares, leaving it with royalty and drilling rights there.
10 Apr 2012substantial holder notice● Neutral
Lecil E. Smith reported a TN-K ENERGY GROUP INC. shareholding of 1,857,317 shares (4.90% of votes) in a periodic institutional filing.
2 Apr 2012late filing notice▼ Bad
TN-K ENERGY GROUP INC. notified the SEC that its annual report would be filed late.
12 Dec 2011asset acquisition disposition● NeutralMajor
On December 6, 2011 the company sold its working interest in the Charles and Lynda Anderson lease to K & K Acquisitions, LLC for $910,000 cash. The filing places this lease in Clinton County, Kentucky, whereas the September 2010 filing placed it in Overton County, Tennessee. The company keeps small interests (5% of the lease, with more in certain wells) and expects to remain operator. Of the proceeds, $510,500 paid off the September 2010 Guaranteed Contract with King's Oil in full, $60,000 went to legal and finder's fees, and the balance goes to working capital. This resolves the guarantee obligation, including Ken Page's personal guarantee, and ends the company's majority position in that lease.
14 Nov 2011quarterly activities report▼ Bad
TN-K ENERGY GROUP INC. reported quarterly revenue of $259 thousand and a net loss of $149 thousand for the period ended 2011-09-30.
15 Aug 2011quarterly activities report● Neutral
TN-K ENERGY GROUP INC. reported quarterly revenue of $207 thousand and net income of $1.4 million for the period ended 2011-06-30.
16 May 2011quarterly activities report● Neutral
TN-K ENERGY GROUP INC. reported quarterly revenue of $381 thousand and net income of $597 thousand for the period ended 2011-03-31.
5 May 2011substantial holder notice● Neutral
Lecil E. Smith reported a TN-K ENERGY GROUP INC. shareholding of 2,325,436 shares (5.70% of votes) in a periodic institutional filing.
31 Mar 2011late filing notice▼ Bad
TN-K ENERGY GROUP INC. notified the SEC that its annual report would be filed late.
8 Dec 2010substantial holder notice● Neutral
Lecil E. Smith reported a TN-K ENERGY GROUP INC. shareholding of 2,794,846 shares (6.80% of votes) in a periodic institutional filing.
15 Nov 2010quarterly activities report● Neutral
TN-K ENERGY GROUP INC. reported quarterly revenue of $176 thousand and net income of $270 thousand for the period ended 2010-09-30.
23 Sept 2010asset acquisition disposition● NeutralMajor
On September 17, 2010 the company bought an 85% interest in the roughly 200-acre Charles and Lynda Anderson Lease in Overton County, Tennessee from Overton Oil & Gas Corp. for $1 million. The lease has three existing oil wells and one more well location, and the company will operate it. It then sold King's Oil, LLC an interest for $1.2 million under a Guaranteed Contract: King's Oil gets the royalty on the three wells (up to 50 barrels a day) until it has recovered the $1.2 million, plus 15% of the company's interest in the rest of the lease. The company guarantees repayment within 18 months and must cover any shortfall, and CEO Ken Page has personally guaranteed it. This creates a new financial obligation for the company.
23 Aug 2010quarterly activities report● Neutral
TN-K ENERGY GROUP INC. reported quarterly revenue of $265 thousand and net income of $2.8 million for the period ended 2010-06-30.
17 Aug 2010late filing notice▼ Bad
TN-K ENERGY GROUP INC. notified the SEC that its quarterly report would be filed late.
23 June 2010substantial holder notice● Neutral
Lecil E. Smith reported a TN-K ENERGY GROUP INC. shareholding of 3,206,989 shares (7.80% of votes) in a periodic institutional filing.
12 May 2010asset acquisition disposition● Neutral
On May 6, 2010 the company bought 10 more well locations on the Green County, Kentucky Clark lease checkerboard that the Coomers had kept back in the February 2010 deal, at $25,000 each. It paid with 500,000 shares valued at $250,000, plus 100,000 shares ($50,000) as a prepayment of drilling and operating costs. It holds a 27.5% net interest in these locations, pays 32% of costs and is the operator; drilling has started. This extends the February 2010 deal, and the share payments dilute existing holders.