Each one in plain English, with the numbers worked through for a shareholder.
12 May 2017quarterly activities report▼ Bad
Altex reported total revenue of $19 thousand for the quarter ended 31 March 2017, including $16 thousand of oil and gas sales, and a net loss of $46 thousand. Sales rose mainly because of a newly drilled well.
Altex reported quarterly revenue of $27 thousand and a net loss of $79 thousand for the quarter ended 31 March 2014. Cash stood at about $2.77 million.
Altex reported quarterly revenue of $30 thousand and a net loss of $70 thousand for the quarter ended 31 December 2013. Cash was little changed at about $2.78 million.
Altex bought back the shares two outside directors had purchased in 1998 with company loans, letting them use the proceeds to retire those decade-old loans -- a routine cleanup of an old insider financing arrangement.
10 Jan 2006asset acquisition disposition▼ BadMajor
The Wyoming asset sales to Wellstar, Chaparral and Penroc closed, bringing in about $2.39 million cash combined and leaving Altex with only minor Utah royalty interests.
At an oil and gas asset auction, Altex agreed to sell essentially all its remaining Wyoming working and royalty interests -- to Wellstar (~$1.85M), Chaparral Energy (~$335K) and Penroc Oil (~$180K) -- retaining only minor Utah and undeveloped Wyoming interests, effectively exiting active oil and gas operations.
Altex's subsidiary Altex Oil Corporation conveyed its interests in three producing Thunder Creek wells in Campbell County, Wyoming, plus the associated leases and agreements, to Powder River Coal Company. It received gross proceeds of $222,000.