19 Jan 2022director interest notice● Neutral
TRULEUM, INC. CFO John F Lepin acquired 49,000 shares at $5.82 under a company stock plan.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
19 Jan 2022director interest notice● Neutral
TRULEUM, INC. director Richard Mark Nummi acquired 72,000 shares at $1.00 under a company stock plan.
19 Jan 2022director interest notice● Neutral
TRULEUM, INC. CFO John F Lepin acquired 85,000 shares at $1.00 under a company stock plan.
19 Jan 2022director interest notice● Neutral
TRULEUM, INC. CFO John F Lepin acquired 122,000 shares at $1.00 under a company stock plan.
19 Jan 2022director interest notice● Neutral
TRULEUM, INC. director Richard Mark Nummi acquired 36,000 shares at $5.21 under a company stock plan.
19 Jan 2022director interest notice● Neutral
TRULEUM, INC. director Lacie Kellogg acquired 28,000 shares at $0.17 under a company stock plan.
19 Jan 2022director interest notice● Neutral
TRULEUM, INC. CFO John F Lepin acquired 361,678 shares at $1.00 under a company stock plan.
19 Jan 2022director interest notice● Neutral
TRULEUM, INC. director Lacie Kellogg acquired 24,000 shares at $5.47 under a company stock plan.
19 Jan 2022director interest notice● Neutral
TRULEUM, INC. director Richard Mark Nummi acquired 60,000 shares at $1.00 under a company stock plan.
19 Jan 2022director interest notice● Neutral
TRULEUM, INC. director Lacie Kellogg acquired 60,000 shares at $1.00 under a company stock plan.
19 Jan 2022director interest notice● Neutral
TRULEUM, INC. director Lacie Kellogg acquired 84,000 shares at $1.00 under a company stock plan.
10 Nov 2021quarterly activities report▼ Bad
TRULEUM, INC. reported quarterly revenue of $2 thousand and a net loss of $273 thousand for the period ended 2021-09-30.
9 Aug 2021quarterly activities report▼ Bad
TRULEUM, INC. reported quarterly revenue of $0 and a net loss of $267 thousand for the period ended 2021-06-30.
18 May 2021quarterly activities report▼ Bad
TRULEUM, INC. reported quarterly revenue of $0 and a net loss of $230 thousand for the period ended 2021-03-31.
17 May 2021late filing notice▼ Bad
TRULEUM, INC. notified the SEC that its quarterly report would be filed late.
24 Mar 2021late filing notice▼ Bad
TRULEUM, INC. notified the SEC that its annual report would be filed late.
20 Nov 2020quarterly activities report▼ Bad
TRULEUM, INC. reported quarterly revenue of $0 and a net loss of $338 thousand for the period ended 2020-09-30.
16 Nov 2020quarterly activities report▼ Bad
TRULEUM, INC. reported quarterly revenue of $0 and a net loss of $338 thousand for the period ended 2020-09-30.
16 Nov 2020late filing notice▼ Bad
TRULEUM, INC. notified the SEC that its quarterly report would be filed late.
9 Nov 2020quarterly activities report▼ Bad
TRULEUM, INC. reported quarterly revenue of $0 and a net loss of $338 thousand for the period ended 2020-09-30.
25 Sept 2020material agreement▲ GoodMajor
On September 8, 2020 the company signed an option, running to February 8, 2021, on Kadence Petroleum's Logan 2 Project (about 6,900 acres in central Oklahoma, 34 formerly producing wells, none currently producing). It pays $10,000 a month for exclusivity, and a later purchase agreement would cost $350,000 plus 3% of net revenue from new wells until Kadence has received a further $800,000. The company says the project is outside the area affected by McGirt, and it is a second option deal alongside the Coral option.
22 July 2020financial restatement● NeutralMajor
The company sued its former auditors Carlos Lopez, LBB & Associates and Vine Advisors in Harris County, Texas, for negligence, fraud, deceptive practices and conversion, saying it was never told of the SEC's investigation and suspension. It seeks damages and the return of its work papers. This follows the LBB termination reported in June 2020; the filing is made under the non-reliance item, but it does not state that any past financial statements are being restated.
20 July 2020material agreement▲ GoodMajor
On June 30, 2020 the company signed an option, running to December 31, 2020, to buy the Coral Project (about 1,100 acres, 28 wells in central Oklahoma) from Progressive Well Service. It issues 10,000 shares for exclusivity, pays $50,000 to exercise, and under a later purchase agreement would pay $600,000 plus 3% of net revenue from new wells until Progressive has received a further $350,000. The filing says the project lies outside the area affected by the McGirt decision.
15 July 2020material agreement▼ BadMajor
On June 25, 2020 the company agreed to buy ZQH's and Pure Oil & Gas's combined 87.5% working interest in the Rogers County, Oklahoma project for $1 million plus discharging a $60,000 note, with the price rising by $50,000 a month after July 31, 2020 (up to $1.2 million). If unpaid by December 1, 2020, the sellers can convert the balance to shares at $1.00 each, which could dilute shareholders. Premier, the operator and holder of the remaining interest, filed a mechanic's lien on July 6, 2020 and claims the company's share is 75%; the company says it will contest the lien. The filing also flags that the McGirt Supreme Court decision creates uncertainty over title to the lands, and this follows the 2019 Premier purchase agreement for the same project.
29 June 2020late filing notice▼ Bad
TRULEUM, INC. notified the SEC that its annual report would be filed late.
29 June 2020late filing notice▼ Bad
TRULEUM, INC. notified the SEC that its quarterly report would be filed late.
29 June 2020auditor change● Neutral
The company fired LBB & Associates on March 3, 2020 after the SEC suspended LBB from practising before it effective February 6, 2020, and on June 26, 2020 it appointed Malone Bailey (the auditor it dropped in 2018) as its new auditor. The filing reports no disagreements with LBB, and its 2018 report was unqualified.
13 Nov 2019quarterly activities report▼ Bad
TRULEUM, INC. reported quarterly revenue of $873 and a net loss of $216 thousand for the period ended 2019-09-30.
14 Aug 2019late filing notice▼ Bad
TRULEUM, INC. notified the SEC that its quarterly report would be filed late.
20 May 2019quarterly activities report● Neutral
TRULEUM, INC. reported quarterly revenue of $2 thousand and net income of $207 thousand for the period ended 2019-03-31.