15 Nov 2007late filing notice▼ Bad
Venoco, Inc. notified the SEC that its quarterly report would be filed late.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
28 June 2007material agreement▲ GoodMajor
On June 27, 2007 Venoco signed an underwriting agreement with Credit Suisse and Lehman Brothers to sell 6,100,000 new common shares at $18.50 each, with an option for 915,000 more. Venoco intends to use the proceeds to repay revolving credit facility debt. The directors, certain officers, the Marquez Trust and the Marquez Foundation agreed to a 90-day lock-up on selling stock.
28 June 2007securities registration● Neutral
Venoco, Inc. filed a prospectus supplement for an offering off its existing shelf.
26 June 2007securities registration● Neutral
Venoco, Inc. filed a free-writing prospectus - marketing material for an offering in progress.
19 June 2007securities registration● Neutral
Venoco, Inc. filed a prospectus supplement for an offering off its existing shelf.
14 June 2007securities registration● Neutral
Venoco, Inc. amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
25 May 2007material agreement● Neutral
On May 23, 2007 Venoco amended the Marquez Trust's registration rights agreement so shares held by The Marquez Foundation can be included in the company's Form S-3 filed May 24, 2007. The trust and foundation together may include no more than 2,500,000 shares. These are existing holders' shares, so the filing does not say Venoco receives proceeds.
25 May 2007securities registration● Neutral
Venoco, Inc. registered a securities offering with the SEC using its shelf eligibility.
11 May 2007material agreement● NeutralMajor
On May 7, 2007 Venoco entered a new $500.0 million second lien term loan, borrowed May 8, due May 8, 2014 (earlier, Sept 20, 2011, if the 8.75% notes are not refinanced), at LIBOR plus 4.00%. It used $350.5 million to repay the existing second lien loan, $3.5 million for a prepayment premium and $4.6 million for costs, with the rest paying down the revolver. The revolver's borrowing base was cut to $125.0 million with new interest rates, and the loan terms allow for forming a master limited partnership and require hedging of at least 70% of projected production through May 8, 2010.
7 Mar 2007material agreement▲ Good
Effective Mar 1, 2007 Venoco amended its revolving credit agreement to remove the limits on acquisitions (a maximum of $15.0 million a year) and on capital spending (over $50.0 million in a quarter). This removes restrictions added in the October 2006 amendment (inference: the filing does not name that link).
14 Feb 2007substantial holder notice● Neutral
Wellington Management Company, LLP disclosed a new substantial Venoco, Inc. shareholding (7.57% of votes).
13 Feb 2007substantial holder notice● Neutral
Timothy Marquez, Bernadette Marquez, Marquez Trust disclosed a new substantial Venoco, Inc. shareholding (67.80% of votes).
1 Dec 2006material agreement▲ GoodMajor
The conditions on the Denbury Hastings option were met: lenders approved it through a Nov 29, 2006 credit agreement amendment, Denbury confirmed its diligence conditions on Dec 1, 2006, and it paid Venoco the first $37.5 million. This resolves the conditions in the Nov 9 filing; the remaining $12.5 million of the $50.0 million is still due in 2007 and 2008.
27 Nov 2006director interest notice● Neutral
Venoco, Inc. director Glen C Warren Jr. bought 10,000 shares on the open market at $17.00.
27 Nov 2006director interest notice● Neutral
Venoco, Inc. Chief Accounting Officer Douglas J Griggs bought 2,500 shares on the open market at $17.00.
27 Nov 2006director interest notice● Neutral
Venoco, Inc. Senior V.P. & COO Mark Depuy bought 500 shares on the open market at $17.00.
27 Nov 2006director interest notice● Neutral
Venoco, Inc. director Ed O'donnell bought 1,000 shares on the open market at $17.00.
17 Nov 2006securities registration● Neutral
Venoco, Inc. filed a free-writing prospectus - marketing material for an offering in progress.
17 Nov 2006securities registration● Neutral
Venoco, Inc. filed the final prospectus for a registered offering.
16 Nov 2006director interest notice● Neutral
Ed O'donnell became a Venoco, Inc. director and company insider (initial ownership filing).
16 Nov 2006director interest notice● Neutral
Joel L Reed became a Venoco, Inc. director and company insider (initial ownership filing).
16 Nov 2006director interest notice● Neutral
David B Christofferson became a Venoco, Inc. Chief Financial Officer and company insider (initial ownership filing).
16 Nov 2006director interest notice● Neutral
J Timothy Brittan became a Venoco, Inc. director and company insider (initial ownership filing).
16 Nov 2006director interest notice● Neutral
Glen C Warren Jr. became a Venoco, Inc. director and company insider (initial ownership filing).
16 Nov 2006director interest notice● Neutral
Eloy Ortega became a Venoco, Inc. director and company insider (initial ownership filing).
16 Nov 2006director interest notice● Neutral
Terry L Anderson became a Venoco, Inc. General Counsel and company insider (initial ownership filing).
16 Nov 2006director interest notice● Neutral
J C Mcfarland became a Venoco, Inc. director and company insider (initial ownership filing).
16 Nov 2006securities registration● Neutral
Venoco, Inc. amended a filing by which it registered a securities offering with the SEC.
16 Nov 2006director interest notice● Neutral
Timothy Marquez became a Venoco, Inc. Chief Executive Officer and company insider (initial ownership filing).
16 Nov 2006director interest notice● Neutral
Mark Depuy became a Venoco, Inc. Senior V.P. & COO and company insider (initial ownership filing).