Past year: ▼ 95%(1.00c – 40.0c USD)
Each one in plain English, with the numbers worked through for a shareholder.
8 July 2014material agreement● Neutral
Virtus bought a licence to two-dimensional seismic data covering about 47.44 square miles from Seismic Exchange, Inc. for $98,434. The data covers the Parowan Prospect in Iron County, Utah, where it is acquiring the leases. The company says it will reprocess the data over about six weeks to help choose its first well location.
1 July 2014business combination● NeutralMajor
Daniel Ferris sold his 28,000,000 shares (about 57.4% of the 48,800,000 outstanding) to Rupert Ireland for $2,000,000: $180,000 in cash and a $1,820,000 unsecured 5% note due June 26, 2016. Ireland has been CEO since May 13, 2014 and will join the board when Ferris's resignation takes effect; Ferris is also forgiving what the company owes him. This is a change of control at the company, with no change to the shares held by other shareholders.
30 June 2014director interest notice● Neutral
Virtus Oil & Gas Corp. President, CEO, Sec & Treas Rupert Ireland bought 28,000,000 shares on the open market at $0.07.
24 June 2014director interest notice● Neutral
Virtus Oil & Gas Corp. President, CEO, Sec & Treas Rupert Ireland bought 28,000,000 shares on the open market at $0.07.
21 May 2014director interest notice● Neutral
Virtus Oil & Gas Corp. President, CEO, Sec and Treas. Daniel M. Ferris received 1,500,000 shares as part of the equity award.
13 May 2014director interest notice● Neutral
Rupert Ireland became a Virtus Oil & Gas Corp. President, CEO, Sec and Treas and company insider (initial ownership filing).
13 May 2014director interest notice● Neutral
Virtus Oil & Gas Corp. President, CEO, Sec and Treas Rupert Ireland received 3,000,000 shares as part of the equity award.
12 May 2014material agreement● NeutralMajor
Virtus pushed its deadline to drill the first test well on the Tidewater leases from February 3, 2015 to September 1, 2015, to allow more time to drill and gather seismic data. It also agreed to buy an 87.5% working interest in about 18,690.50 more acres in Iron County, Utah from Tom Johnson and Bill Berryman for $168,215, bringing the total to 55,477.50 acres once all payments are made. One well satisfies the drilling obligation under both deals, but missing the September 1, 2015 deadline forfeits the leases under both agreements.
17 Apr 2014quarterly activities report▼ Bad
Virtus Oil & Gas Corp. reported quarterly revenue of $0 and a net loss of $700 thousand for the period ended 2014-02-28.
14 Apr 2014late filing notice▼ Bad
Virtus Oil & Gas Corp. notified the SEC that its quarterly report would be filed late.
28 Feb 2014late filing notice▼ Bad
Virtus Oil & Gas Corp. notified the SEC that its annual report would be filed late.
31 Jan 2014capital raising announcement● NeutralMajor
Virtus agreed (Nov 14, 2013) to buy an 87.5% working interest in leases of about 36,787 acres in Iron County, Utah from bankrupt Tidewater Oil & Gas for $290,000 in instalments, approved by the bankruptcy court on December 11, 2013. It also committed to pay 100% of an estimated $2.5 million test well, or forfeit the leases. It sold 250,000 shares to Fieldstone Industries for $100,000 ($0.40 a share), and ended the Pioneer deal, forfeiting the $30,000 already paid; the company said Tidewater was the better investment. This replaces the Pioneer deal from October 2013.
9 Dec 2013director interest notice● Neutral
Virtus Oil & Gas Corp. President and CEO Daniel M. Ferris received 1,500,000 shares as part of the equity award.
30 Oct 2013material agreement● NeutralMajor
On October 19, 2013 Virtus agreed to buy Pioneer Oil and Gas's interest in two federal leases (4,150 acres, Beaver County, Utah) for $460,000 in instalments, with a 100% working interest and 80% net revenue interest. It paid the first $30,000 on October 25, 2013; payments are non-refundable if it does not complete, and the deal cancels with a refund if a nearby well is deemed commercial. This is the company's first oil and gas asset deal.
11 Oct 2013quarterly activities report▼ Bad
Virtus Oil & Gas Corp. reported quarterly revenue of $0 and a net loss of $79 thousand for the period ended 2013-08-31.
16 Sept 2013substantial holder notice● Neutral
Daniel M. Ferris reported a Virtus Oil & Gas Corp. shareholding of 28,000,000 shares (59.70% of votes) in a periodic institutional filing.
22 July 2013quarterly activities report▼ Bad
Virtus Oil & Gas Corp. reported quarterly revenue of $0 and a net loss of $9 thousand for the period ended 2013-05-31.
15 July 2013late filing notice▼ Bad
Virtus Oil & Gas Corp. notified the SEC that its quarterly report would be filed late.
10 Apr 2013quarterly activities report▼ Bad
Virtus Oil & Gas Corp. reported quarterly revenue of $0 and a net loss of $20 thousand for the period ended 2013-02-28.
15 Oct 2012quarterly activities report▼ Bad
Virtus Oil & Gas Corp. reported quarterly revenue of $0 and a net loss of $20 thousand for the period ended 2012-08-31.
16 July 2012substantial holder notice● Neutral
Daniel M. Ferris disclosed a new substantial Virtus Oil & Gas Corp. shareholding (60.00% of votes).
12 July 2012quarterly activities report▼ Bad
Virtus Oil & Gas Corp. reported quarterly revenue of $0 and a net loss of $6 thousand for the period ended 2012-05-31.
6 July 2012director interest notice● Neutral
Daniel M. Ferris became a Virtus Oil & Gas Corp. officer and company insider (initial ownership filing).
6 July 2012business combination● NeutralMajor
This filing is under the company's earlier name, Curry Gold Corp. (a planned currywurst catering-van business, per the filing). Founder Soenke Timm agreed to sell his 2,000,000 shares (60%) to Daniel M. Ferris, who becomes president, secretary and treasurer and later the sole director. The company will drop the catering-van plan and look at other business opportunities, and Timm forgave $40,062.76 of loans owed to him. This explains the July 2012 insider filing for Ferris.
11 Apr 2012quarterly activities report▼ Bad
Virtus Oil & Gas Corp. reported a quarterly net loss of $11 thousand for the period ended 2012-02-29.
13 Oct 2011quarterly activities report▼ Bad
Virtus Oil & Gas Corp. reported quarterly revenue of $0 and a net loss of $6 thousand for the period ended 2011-08-31.
13 July 2011quarterly activities report▼ Bad
Virtus Oil & Gas Corp. reported a quarterly net loss of $8 thousand for the period ended 2011-05-31.
12 Apr 2011quarterly activities report▼ Bad
Virtus Oil & Gas Corp. reported a quarterly net loss of $7 thousand for the period ended 2011-02-28.
24 Feb 2011late filing notice▼ Bad
Virtus Oil & Gas Corp. notified the SEC that its annual report would be filed late.
14 Oct 2010quarterly activities report▼ Bad
Virtus Oil & Gas Corp. reported a quarterly net loss of $16 thousand for the period ended 2010-08-31.
