29 May 2012director interest notice● Neutral
Approach Resources Inc director Bryan H Lawrence disposed of 769,855 shares via option/appreciation-right settlement.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
7 May 2012material agreement● Neutral
On May 2, 2012 the board approved amended and restated indemnity agreements with each director and executive officer, replacing the earlier ones. They commit the company to cover expenses, judgments and settlements arising from the person's role, to the fullest extent the law permits, and to advance expenses. This is governance paperwork with no financial figures stated.
4 May 2012quarterly activities report● Neutral
Approach Resources reported first quarter 2012 net income of $1.7 million on revenues of $30.6 million, up from $1.5 million a year earlier. Long-term debt rose to $85.4 million from $43.8 million at year end.
3 May 2012quarterly activities report● Neutral
Approach Resources reported first quarter 2012 net income of $1.7 million ($0.05 per diluted share) on revenues of $30.6 million, with production up 39% to 654 MBoe. It also raised its 2012 capital budget to $260 million from $190 million.
27 Apr 2012quarterly activities report● Neutral
Approach Resources estimated first quarter 2012 production at 654 MBoe (7.2 MBoe/d), up 39% from a year earlier, and said its borrowing base rose to $270 million from $260 million. Capital spending was an estimated $77.6 million.
20 Apr 2012agm notice● Neutral
Approach Resources sent stockholders its proxy statement for the May 31, 2012 annual meeting. Stockholders were asked to elect two directors, hold an advisory vote on executive pay, approve a stock incentive plan amendment, and ratify Hein & Associates as auditor.
3 Apr 2012director interest notice● Neutral
Approach Resources Inc director Sheldon B Lubar received 260 shares as part of the equity award.
3 Apr 2012director interest notice● Neutral
Approach Resources Inc director James C Crain received 260 shares as part of the equity award.
3 Apr 2012director interest notice● Neutral
Approach Resources Inc director Alan D Bell received 358 shares as part of the equity award.
3 Apr 2012director interest notice● Neutral
Approach Resources Inc director Christopher J. Whyte received 260 shares as part of the equity award.
15 Mar 2012director interest notice● Neutral
Approach Resources Inc director Bryan H Lawrence disposed of 872,448 shares via option/appreciation-right settlement.
14 Mar 2012director interest notice● Neutral
Approach Resources Inc President & CEO J. Ross Craft exercised stock options for 152,892 shares and disposed of 206,196 shares.
14 Mar 2012director interest notice● Neutral
Approach Resources Inc EVP & CFO Steven P. Smart exercised stock options for 28,845 shares and disposed of 34,990 shares.
14 Mar 2012director interest notice● Neutral
Approach Resources Inc EVP - Land Ralph P. Manoushagian exercised stock options for 28,845 shares and disposed of 36,422 shares.
8 Mar 2012quarterly activities report● Neutral
Approach reported 2011 net income of $7.2 million ($0.25 per diluted share) on revenues of $108.4 million, up 88%. Fourth quarter 2011 was a net loss of $9.3 million after $18.5 million of impairments.
23 Feb 2012director interest notice● Neutral
Approach Resources Inc EVP - Land Ralph P. Manoushagian received 21,107 shares as part of the equity award.
23 Feb 2012director interest notice● Neutral
Approach Resources Inc EVP & General Counsel J Curtis Henderson received 21,107 shares as part of the equity award.
23 Feb 2012director interest notice● Neutral
Approach Resources Inc President & CEO J. Ross Craft received 45,462 shares as part of the equity award.
23 Feb 2012director interest notice● Neutral
Approach Resources Inc EVP & CFO Steven P. Smart received 21,107 shares as part of the equity award.
23 Feb 2012director interest notice● Neutral
Approach Resources Inc EVP - Bus. Dev. & Geosciences Qingming Yang received 21,107 shares as part of the equity award.
21 Feb 2012quarterly activities report● Neutral
Approach reported 2011 proved reserves up 52% to 77.0 MMBoe and production up 50% to 6.4 MBoe/d. It also raised its 2012 capital budget by $30 million to $190 million and planned a second horizontal Wolfcamp rig.
14 Feb 2012substantial holder notice● Neutral
FIRST MANHATTAN CO disclosed a new substantial Approach Resources Inc shareholding (6.10% of votes).
14 Feb 2012substantial holder notice● Neutral
Janus Capital Management LLC EIN # reported a Approach Resources Inc shareholding of 540,474 shares (1.90% of votes) in a periodic institutional filing.
13 Feb 2012substantial holder notice● Neutral
Yorktown Energy Partners V, L.P, Yorktown V Company LLC reported no remaining Approach Resources Inc shareholding in its periodic institutional filing.
9 Feb 2012substantial holder notice● Neutral
BlackRock, Inc disclosed a new substantial Approach Resources Inc shareholding (5.63% of votes).
2 Feb 2012substantial holder notice● Neutral
Luther King Capital Management Corporation reported a Approach Resources Inc shareholding of 1,543,623 shares (4.80% of votes) in a periodic institutional filing.
25 Jan 2012director interest notice● Neutral
Approach Resources Inc director James H Brandi received 583 shares as part of the equity award.
25 Jan 2012director interest notice● Neutral
Approach Resources Inc director James C Crain received 619 shares as part of the equity award.
25 Jan 2012director interest notice● Neutral
Approach Resources Inc director Sheldon B Lubar received 619 shares as part of the equity award.
25 Jan 2012director interest notice● Neutral
Approach Resources Inc director Alan D Bell received 619 shares as part of the equity award.