Past year: ▼ 26%(23.0c – 80.7c USD)
Each one in plain English, with the numbers worked through for a shareholder.
30 July 2021capital raising announcement▲ GoodMajor
Camber (then ~62% owner) bought another 27.5 million Viking shares for $11 million cash, funding two new diversification moves: an approximately 60.5% stake in Canadian industrial-engine maker Simson-Maxwell and a carbon-capture technology license -- pushing Camber's stake in Viking to about 73%.
13 Jan 2021capital raising announcement▲ GoodMajor
Camber bought a further 145,384,615 Viking shares by retiring $20.9 million Viking owed to lender EMC Capital Partners -- Camber issued EMC its own preferred stock and Viking paid EMC $325,000 cash, cleaning up Viking's balance sheet while increasing Camber's stake.
4 Sept 2020capital raising announcement▼ Bad
Like the Ichor loan in June, Viking's Elysium Energy term loan lenders relaxed the PDP Collateral Coverage and Maximum Leverage covenants due to the COVID-19 oil price collapse -- both Gulf Coast platforms now under covenant strain.
5 Aug 2020capital raising announcement▼ Bad
Over about a week, Viking raised roughly $2.2 million from some 29 investors via convertible notes, most of which were immediately converted into nearly 15 million shares at $0.15/share -- continuing a heavily dilutive financing pattern.
15 July 2020capital raising announcement▼ Bad
Viking converted a separate $1,350,000 Radium2 Capital note into about 11.1 million shares -- a second, distinct Radium2 obligation from the one paid off in cash days earlier, both cleared within the same month.
8 July 2020capital raising announcement▼ Bad
Viking raised a small $500,000 bridge note from Granite Global Value Investments Ltd. at 12% interest, convertible at $0.15/share, earmarked partly to support a potential future up-listing to a national exchange.
2 July 2020capital raising announcement▲ Good
Viking paid off lender Radium2 Capital in full ($5,577,285) with $4,000,000 cash plus about 12.9 million shares, clearing one of its higher-cost obligations.
4 June 2020capital raising announcement▼ Bad
With oil prices depressed by COVID-19, Ichor Energy's lenders relaxed its Asset Coverage Ratio covenant for three quarters and raised the loan's interest rate in exchange -- covenant relief that came at a higher borrowing cost.
4 Nov 2019capital raising announcement▼ Bad
Viking cut the exercise price on warrants tied to its 2018 note financing from $0.20 to $0.10, triggering exercises that converted $1.86 million of outstanding debt into stock -- a dilutive but debt-reducing move.
26 Sept 2017capital raising announcement● Neutral
Viking paid off $352,833 of its March 2017 notes early, funded by a new private placement (up to $6.5 million, with $950,000 raised so far) of 10% secured notes pledged against Mid-Con Drilling -- refinancing higher-cost debt into a larger facility.
6 July 2017capital raising announcement▼ Bad
Viking borrowed $1,000,000 via secured convertible notes pledged against its Mid-Con Petroleum subsidiary -- the filing is the first in this record signed by James Doris as CEO, marking new leadership atop the Kansas oil buildout.
1 Mar 2016capital raising announcement▲ GoodMajor
The company built its first real Kansas oil position, closing two acquisitions of working interests in Miami/Franklin County leases (Cherokee formation, ~30 barrels/day) for $1,305,000 cash, a $45,000 note and 4,500,000 shares -- the start of what became the Mid-Con operating platform.
