12 Feb 2018quarterly activities report▼ Bad
Announced preliminary fourth-quarter 2017 revenue of about $415 thousand, up 842% year on year and 271% on the prior quarter, driven by the first two Reeves County wells. Production was 9,403 boe.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
8 Nov 2017quarterly activities report▼ Bad
Reported third-quarter 2017 results: oil and gas revenue of $112 thousand and a net loss of $786 thousand, with a going-concern warning. Two Reeves County wells were completed, with meaningful revenue expected from the fourth quarter.
17 Oct 2017securities registration● Neutral
ABUNDIA GLOBAL IMPACT GROUP, INC. registered a securities offering with the SEC using its shelf eligibility.
8 Sept 2017director interest notice● Neutral
ABUNDIA GLOBAL IMPACT GROUP, INC. director Orrie Lee Tawes received a stock option grant for 50,000 shares.
8 Sept 2017director interest notice● Neutral
ABUNDIA GLOBAL IMPACT GROUP, INC. director Roy W Jageman received a stock option grant for 50,000 shares.
8 Sept 2017director interest notice● Neutral
ABUNDIA GLOBAL IMPACT GROUP, INC. director Grimes R. Keith received a stock option grant for 50,000 shares.
8 Sept 2017director interest notice● Neutral
ABUNDIA GLOBAL IMPACT GROUP, INC. director Hartzell Stephen received a stock option grant for 50,000 shares.
7 Sept 2017agm notice● Neutral
Houston American shareholders at the September 6, 2017 meeting elected O. Lee Tawes as Class C director, ratified GBH CPAs as auditor and approved the 2017 Equity Incentive Plan. They also approved executive pay on an advisory basis and favored annual pay votes.
14 Aug 2017quarterly activities report▼ Bad
Houston American reported revenue of $46 thousand and a net loss of $466 thousand for the quarter ended June 30, 2017. Cash fell to $230 thousand, and the filing carried a going-concern warning.
24 July 2017agm notice● Neutral
Houston American sent stockholders notice of its annual meeting on September 6, 2017. The agenda covered electing one Class C director, ratifying GBH CPAs as auditor, adopting a 2017 Equity Incentive Plan and two advisory executive-pay votes.
11 July 2017material agreement▼ Bad
Houston American entered into an at-the-market sales agreement with WestPark Capital to sell up to $5 million of common stock at its option. WestPark would earn a 3% commission, and the agreement runs up to two years.
11 July 2017securities registration● Neutral
Houston American filed a prospectus supplement for an at-the-market offering of up to $5 million of common stock through sales agent WestPark Capital, under its existing shelf registration. WestPark would receive a 3% commission on gross proceeds.
28 June 2017capital raising announcement▼ Bad
Houston American took on a $600,000 bridge loan at 12% interest, sold at a discount for $570,000 with warrants attached -- another sign of the tightening cash position behind the year's preferred-stock raises.
28 June 2017securities registration● Neutral
ABUNDIA GLOBAL IMPACT GROUP, INC. filed notice of an exempt private placement.
27 June 2017listing compliance notice▼ Bad
ABUNDIA GLOBAL IMPACT GROUP, INC. withdrew a registration statement, abandoning the offering it covered.
12 May 2017quarterly activities report▼ Bad
Houston American reported oil and gas revenue of $57,633 and a net loss of $502,399 for the quarter ended March 31, 2017. The filing noted going-concern doubt, with operating cash outflow of $361,938.
10 May 2017securities registration● Neutral
ABUNDIA GLOBAL IMPACT GROUP, INC. filed notice of an exempt private placement.
8 May 2017capital raising announcement▼ Bad
Houston American raised another $0.9 million via 12%-dividend Series B convertible preferred stock and warrants, continuing the same high-cost financing pattern as the Series A raise three months earlier.
26 Apr 2017agm notice● Neutral
Houston American Energy called its 2017 annual meeting for June 13, 2017 in Houston. Stockholders were asked to elect one Class C director, ratify GBH CPAs as auditor, approve a 2017 Equity Incentive Plan and hold two advisory pay votes.
22 Mar 2017listing compliance notice▼ BadMajor
Houston American's listing troubles deepened: stockholders' equity had fallen further to $2.86 million as of year-end 2016, now violating both the $6 million and a separate $4 million equity threshold, though the stock stayed listed under its existing compliance plan through September 2017.
16 Mar 2017director interest notice● Neutral
ABUNDIA GLOBAL IMPACT GROUP, INC. Chairman, CEO and President John P Boylan received a stock option grant for 500,000 shares.
16 Mar 2017director interest notice● Neutral
Van Dyke Torbjorn became a ABUNDIA GLOBAL IMPACT GROUP, INC. VP - Business Development and company insider (initial ownership filing).
6 Mar 2017drilling progress report▲ Good
Houston American said the target date for spudding its initial Permian Basin well in Reeves County, Texas, had been moved up to the first week of May 2017 from July 1, 2017, because a drilling rig became available.
14 Feb 2017asset acquisition disposition▲ GoodMajor
Houston American completed the Reeves County, Texas Permian acquisition -- 717.25 gross acres for $986,046 -- funded by a new private placement of 12% Series A Convertible Preferred Stock.
8 Feb 2017securities registration● Neutral
ABUNDIA GLOBAL IMPACT GROUP, INC. filed notice of an exempt private placement.
7 Feb 2017listing compliance notice▼ Bad
Still out of compliance on stockholders' equity and stock price, Houston American got another short extension from NYSE MKT, to February 28, 2017.
2 Feb 2017capital raising announcement▼ Bad
Houston American raised $1.2 million selling 12%-dividend Series A convertible preferred stock, a high-cost financing typical of the funding strain the company faced through this period.
2 Feb 2017director interest notice● Neutral
ABUNDIA GLOBAL IMPACT GROUP, INC. 10%+ owner John F Terwilliger bought 150 shares on the open market at $1000.00.
1 Feb 2017director interest notice● Neutral
ABUNDIA GLOBAL IMPACT GROUP, INC. director Roy W Jageman bought 25 shares on the open market at $1000.00.
1 Feb 2017director interest notice● Neutral
ABUNDIA GLOBAL IMPACT GROUP, INC. Chairman, CEO and President John P Boylan bought 53 shares on the open market at $1000.00.