14 July 2015director interest notice● Neutral
Tesarski Christopher D. became a Trimerica Energy Corp President and CEO and company insider (initial ownership filing).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
14 July 2015director interest notice● Neutral
John J. Hickey became a Trimerica Energy Corp company insider (initial ownership filing).
14 July 2015director interest notice● Neutral
Oral Glasco became a Trimerica Energy Corp company insider (initial ownership filing).
14 July 2015director interest notice● Neutral
Kramer Andrew L. became a Trimerica Energy Corp General Counsel, Sec. and CFO and company insider (initial ownership filing).
14 July 2015director interest notice● Neutral
David G. Taylor Jr. became a Trimerica Energy Corp company insider (initial ownership filing).
28 Apr 2015business combination● Neutral
This amendment to the April 27 notice changes only one thing: the liability described under Legal Proceedings is corrected to approximately $1,800,000 after a typo. The board additions, the increase in authorized shares to 2,250,000,000 and the expected May 7, 2015 effective date are unchanged. The excerpt doesn't say who the liability is owed to.
27 Apr 2015business combination● NeutralMajor
This is the definitive version of the April 10 notice, with the same terms: three new directors (Glasco, Hickey, Taylor) join the two current directors after a 10-day wait, and authorized common shares rise from 1,950,000,000 to 2,250,000,000, with 1,947,554,895 shares issued. The effective date is now expected around May 7, 2015, and the filing says the Texas Sands Resources preferred certificate has been returned. The new board's stated intent is to first stabilize the company and then work to create oil and gas production and raise revenue. No shareholder vote is needed.
10 Apr 2015business combination● NeutralMajor
The company (Treaty Energy) said that on March 13, 2015 its two directors, Christopher Tesarski (CEO/President, in control since about August 1, 2014) and Andrew Kramer (Secretary/Counsel), voted to add three new directors (Oral Glasco, John J. "Sean" Hickey, David Taylor), taking the board to five once the notice has been sent and 10 days have passed. It also says holders of 53.31% of the common stock (37 shareholders) approved raising authorized common shares from 1,950,000,000 to 2,250,000,000; 1,947,554,895 are already issued, so the increase leaves room for more shares to be issued (inference: possible dilution). No shareholder vote is requested. Tesarski's $66,000 of funding since he joined the board in May 2014 produced no shares, and a 1,000-share preferred certificate issued to his LLC Texas Sands Resources over a terminated lease purchase is being returned. This is a preliminary version, with the increase expected to take effect about April 31 (as written in the filing).
1 Apr 2014late filing notice▼ Bad
Trimerica Energy Corp notified the SEC that its annual report would be filed late.
14 Nov 2013late filing notice▼ Bad
Trimerica Energy Corp notified the SEC that its quarterly report would be filed late.
8 Nov 2013quarterly activities report● Neutral
Trimerica Energy Corp reported quarterly revenue of $79 thousand and net income of $26 thousand for the period ended 2013-09-30.
18 Sept 2013quarterly activities report● Neutral
Trimerica Energy Corp reported quarterly revenue of $79 thousand and net income of $26 thousand for the period ended 2013-09-30.
2 Apr 2013late filing notice▼ Bad
Trimerica Energy Corp notified the SEC that its annual report would be filed late.
21 Nov 2012quarterly activities report▼ Bad
Trimerica Energy Corp reported quarterly revenue of $76 thousand and a net loss of $6.2 million for the period ended 2012-09-30.
19 Nov 2012quarterly activities report▼ Bad
Trimerica Energy Corp reported quarterly revenue of $76 thousand and a net loss of $6.2 million for the period ended 2012-09-30.
14 Nov 2012late filing notice▼ Bad
Trimerica Energy Corp notified the SEC that its quarterly report would be filed late.
5 Oct 2012material agreement● Neutral
On October 1, 2012 the company bought seven leases in Sabine Parish, Louisiana (1,152.6 acres, 50 wells available for rework) and all shares of the operator J.L. Shoalmire Operating Company, Inc. from Wiljam Resources, LLC for $379,832. It paid $51,820 in cash and the remaining $328,012 by promissory note. This is the company's first Louisiana acreage in these filings.
13 Sept 2012quarterly activities report▼ Bad
Trimerica Energy Corp reported quarterly revenue of $76 thousand and a net loss of $6.2 million for the period ended 2012-09-30.
7 Sept 2012material agreement● NeutralMajor
On August 15, 2012 the company agreed to buy the Madeley, Lakeshore and Hill leases in Shelby County, Texas from 3K Oil Trust for $3,020,000, closed September 5, 2012, paid in cash and common stock. This is a narrower and cheaper deal than the $1.2M cash plus $6M stock package in July (the Chumley lease isn't mentioned); the filing doesn't explain the change.
14 Aug 2012quarterly activities report▼ Bad
Trimerica Energy Corp reported quarterly revenue of $76 thousand and a net loss of $6.2 million for the period ended 2012-09-30.
17 July 2012material agreement● NeutralMajor
On July 11, 2012 Rampant Leon Financial Corporation, an entity affiliated with Treaty, assigned to Treaty, for no payment, its May 30, 2012 deal with Jimmy Jones and 3K Oil Trust to buy four leases in Shelby County, Texas (about 580 gross acres in total). The price is $1.2 million cash plus $6 million of common or convertible preferred stock, with $50,000 already paid and the rest due by August 15, 2012. Paying in stock would dilute existing holders.
25 June 2012quarterly activities report▼ Bad
Trimerica Energy Corp reported quarterly revenue of $13 thousand and a net loss of $997 thousand for the period ended 2012-06-30.
15 May 2012late filing notice▼ Bad
Trimerica Energy Corp notified the SEC that its quarterly report would be filed late.
7 May 2012debt financing● NeutralMajor
On April 25, 2012 the company amended the March loan to cover nine wells instead of five, raising the total to $1,450,000 (initial $290,000 still tied to two producing shallow wells). The pledged shares double to 40,000,000 from a third party; interest stays 12% and the 5% royalty now applies to nine wells. The press release says it bought a Wilson Mogul 42 S/D rig to drill them and calls both programs fully funded; actual advances depend on the lender's satisfaction with results.
3 Apr 2012debt financing● NeutralMajor
On March 27, 2012 the company agreed a second loan from the same private lender, up to $725,000, to drill five wells on the Wooldridge leases. An initial $290,000 is advanced once two shallow wells under the November twelve-well deal are completed; further amounts are at the lender's discretion. Terms mirror the earlier loan: 12% interest paid quarterly, 20,000,000 shares pledged by a third party, and a 5% overriding royalty on the five wells. The press release says it is also acquiring a deeper-capable rig and lists Bruce Gwyn as Co-CEO with Andrew Reid.
30 Mar 2012late filing notice▼ Bad
Trimerica Energy Corp notified the SEC that its annual report would be filed late.
8 Mar 2012material agreement● Neutral
On March 6, 2012 the company hired RedRock Exploration, Inc. for management, geological, mud-logging and post-drilling support on its Belize Exploration Project, at $12,000 a month plus expenses. This continues the Belize effort and adds a fixed monthly cost.
6 Dec 2011material agreement● Neutral
On November 25, 2011 the company amended its deal with Search Energy for the two Wooldridge leases in Shackelford County. Price rises from $160,000 to $170,000, the company gets immediate access to begin drilling, and payments are $10,000 deposit, $40,000 paid November 25, then four $30,000 payments from December 25, 2011. The filing's month list says 2011 for January to March, which appears to be a typo (inference). This follows the August agreement.
21 Nov 2011quarterly activities report▼ Bad
Trimerica Energy Corp reported quarterly revenue of $49 thousand and a net loss of $421 thousand for the period ended 2011-09-30.
16 Nov 2011debt financing● NeutralMajor
On November 11, 2011 the company agreed a loan of up to $700,000 from a private lender to drill twelve wells on its Wooldridge lease in Texas. Only $150,000 is advanced up front; the rest depends on two producing wells being drilled, with full funding before March 15, 2012. Notes carry 12% interest paid quarterly, the loan is secured by 20,000,000 unrestricted Treaty shares from a third-party shareholder, and the lender gets a 5% overriding royalty on the twelve wells. This is new debt for the company.