17 Mar 2011listing compliance notice▼ BadMajor
Wentworth Energy, Inc. deregistered its securities, ending its obligation to file reports with the SEC.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
15 Nov 2010late filing notice▼ Bad
Wentworth Energy, Inc. notified the SEC that its quarterly report would be filed late.
10 Nov 2010financial restatement▼ BadMajor
On November 10, 2010 Wentworth's board said its first- and second-quarter 2010 financial statements should no longer be relied on, because it had not recorded an extra 5.85% default interest on the Senior Notes: $786,482 for the three months to March 31, 2010 and $1,572,964 for the six months to June 30, 2010. Restating adds those amounts to interest expense and net loss (six-month net loss goes from $1,602,190 to $3,175,154) and raises the stockholders' deficit at June 30, 2010 from $49,646,082 to $51,219,046. Amended 10-Qs are to follow. This continues the company's history of restatements and its default-rate exposure on the Senior Notes.
17 May 2010late filing notice▼ Bad
Wentworth Energy, Inc. notified the SEC that its quarterly report would be filed late.
31 Mar 2010late filing notice▼ Bad
Wentworth Energy, Inc. notified the SEC that its annual report would be filed late.
16 Nov 2009late filing notice▼ Bad
Wentworth Energy, Inc. notified the SEC that its quarterly report would be filed late.
14 Aug 2009late filing notice▼ Bad
Wentworth Energy, Inc. notified the SEC that its quarterly report would be filed late.
14 May 2009late filing notice▼ Bad
Wentworth Energy, Inc. notified the SEC that its quarterly report would be filed late.
31 Mar 2009late filing notice▼ Bad
Wentworth Energy, Inc. notified the SEC that its annual report would be filed late.
27 Mar 2009material agreement● Neutral
On March 25, 2009 Wentworth extended CEO David Steward's consulting agreement to October 31, 2009 at $15,000 a month plus an annual bonus, and granted him an immediately exercisable option for 500,000 shares at $0.03, expiring March 24, 2014. The company's address is now 800 N. Church Street, Palestine, Texas.
13 Jan 2009director interest notice● Neutral
Michael S Studdard became a Wentworth Energy, Inc. director and company insider (initial ownership filing).
8 Jan 2009director interest notice● Neutral
Francis K Ling became a Wentworth Energy, Inc. Chief Financial Officer and company insider (initial ownership filing).
7 Jan 2009director interest notice● Neutral
Neil Lande became a Wentworth Energy, Inc. director and company insider (initial ownership filing).
6 Jan 2009director interest notice● Neutral
David Watson Steward became a Wentworth Energy, Inc. Chief Executive Officer and company insider (initial ownership filing).
5 Jan 2009director interest notice● Neutral
Roger Dale Williams became a Wentworth Energy, Inc. director and company insider (initial ownership filing).
7 Nov 2008financial restatement▼ BadMajor
On November 5, 2008 Wentworth concluded its 2007 annual accounts and 2008 first- and second-quarter reports should not be relied on again. Stock option amendments on November 14, 2007 removed service conditions, so about $2.1 million of compensation expense should have been booked in Q4 2007, raising general and administrative expenses by $2.1 million. This is a second restatement after the August 2008 one over the debt restructuring.
4 Nov 2008material agreement▼ Bad
On November 4, 2008 the noteholders waived the October 1, 2008 quarterly interest payment, on condition that Wentworth pays it on January 1, 2009. This is a deferral, not forgiveness; interest remains owed.
9 Sept 2008auditor change▼ Bad
On September 9, 2008 Hein & Associates resigned as auditor and Malone & Bailey of Houston was appointed. Hein's reports for 2006 and 2007 raised substantial doubt about the company continuing as a going concern, and the filing reports no disagreements. This comes shortly after the August 2008 restatement notice.
25 Aug 2008financial restatement▼ BadMajor
On August 22, 2008 Wentworth concluded its 2007 annual accounts and first-quarter 2008 report should not be relied on, after SEC staff correspondence about how the October 2007 debt restructuring was accounted for. Amended filings will follow; no figures are given.
18 Aug 2008listing compliance notice▼ Bad
Wentworth Energy, Inc. withdrew a registration statement, abandoning the offering it covered.
15 Aug 2008material agreement▲ Good
On August 14, 2008 (effective June 30, 2008) the noteholders unconditionally waived Wentworth's duty to file registration statements under the amended registration rights agreement. This removes the registration obligation that was the source of the earlier default dispute.
14 Aug 2008late filing notice▼ Bad
Wentworth Energy, Inc. notified the SEC that its quarterly report would be filed late.
7 Aug 2008director interest notice● Neutral
Wentworth Energy, Inc. director Neil Lande bought 300,500 shares on the open market.
17 July 2008director interest notice● Neutral
Wentworth Energy, Inc. Chief Executive Officer David Watson Steward bought 200,000 shares on the open market at $0.05.
26 June 2008securities registration● Neutral
Wentworth Energy, Inc. amended a filing by which it registered a securities offering with the SEC.
2 June 2008securities registration● Neutral
Wentworth Energy, Inc. amended a filing by which it registered a securities offering with the SEC.
20 May 2008material agreement● Neutral
On May 19, 2008 Wentworth signed an amendment with the noteholders changing certain provisions of the October 2007 notes and warrants. The filing does not say what changed; the terms are only in the attached exhibit form.
28 Mar 2008late filing notice▼ Bad
Wentworth Energy, Inc. notified the SEC that its annual report would be filed late.
14 Feb 2008securities registration● Neutral
Wentworth Energy, Inc. amended a filing by which it registered a securities offering with the SEC.
13 Feb 2008director interest notice● Neutral
Roger Dale Williams became a Wentworth Energy, Inc. director and company insider (initial ownership filing).