5 July 2017director interest notice● Neutral
Approach Resources Inc director Vean J. Gregg III received 6,373 shares as part of the equity award.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
26 June 2017director interest notice● Neutral
Approach Resources Inc 10%+ owner Wilks Brothers, LLC bought 100,000 shares on the open market at $2.42.
21 June 2017director interest notice● Neutral
Approach Resources Inc 10%+ owner Wilks Brothers, LLC bought 288,000 shares on the open market.
16 June 2017director interest notice● Neutral
Approach Resources Inc 10%+ owner Wilks Brothers, LLC bought 300,000 shares on the open market.
15 June 2017substantial holder notice● Neutral
Wilks Brothers, LLC, SDW Investments, LLC, Dan H. Wilks, Staci Wilks, Farris Wilks reported a Approach Resources Inc shareholding of 41,241,600 shares (47.78% of votes) in a periodic institutional filing.
13 June 2017director interest notice● Neutral
Approach Resources Inc 10%+ owner Wilks Brothers, LLC bought 350,000 shares on the open market.
9 June 2017director interest notice● Neutral
Approach Resources Inc CEO J. Ross Craft received 260,617 shares as part of the equity award.
8 June 2017director interest notice● Neutral
Approach Resources Inc 10%+ owner Wilks Brothers, LLC bought 300,000 shares on the open market.
5 June 2017director interest notice● Neutral
Approach Resources Inc Chief Accounting Officer Uma L. Datla disposed of 65,703 shares via option/appreciation-right settlement.
2 June 2017director interest notice● Neutral
Approach Resources Inc 10%+ owner Wilks Brothers, LLC bought 200,000 shares on the open market.
1 June 2017director interest notice● Neutral
Approach Resources Inc 10%+ owner Wilks Brothers, LLC bought 100,000 shares on the open market at $2.70.
31 May 2017director interest notice● Neutral
Approach Resources Inc Chief Accounting Officer Uma L. Datla had 282 shares withheld for taxes on vesting stock.
26 May 2017director interest notice● Neutral
Approach Resources Inc 10%+ owner Wilks Brothers, LLC bought 375,000 shares on the open market.
26 May 2017substantial holder notice● Neutral
Wilks Brothers, LLC, SDW Investments, LLC, Dan H. Wilks, Staci Wilks, Farris Wilks reported a Approach Resources Inc shareholding of 40,291,600 shares (46.70% of votes) in a periodic institutional filing.
22 May 2017director interest notice● Neutral
Approach Resources Inc 10%+ owner Wilks Brothers, LLC bought 150,000 shares on the open market.
17 May 2017director interest notice● Neutral
Approach Resources Inc 10%+ owner Wilks Brothers, LLC bought 150,000 shares on the open market at $3.03.
15 May 2017director interest notice● Neutral
Approach Resources Inc 10%+ owner Wilks Brothers, LLC bought 150,000 shares on the open market.
11 May 2017director interest notice● Neutral
Approach Resources Inc insider Wilks Brothers, LLC bought 200,000 shares on the open market.
11 May 2017director interest notice● Neutral
Approach Resources Inc director Vean J. Gregg III bought 10,000 shares on the open market at $3.00.
5 May 2017quarterly activities report▼ Bad
Approach's 10-Q for the quarter ended March 31, 2017 showed oil, NGL and gas sales of $26.4 million and a net loss of $140.8 million, largely from a $138.7 million income tax provision tied to the debt-for-equity exchanges.
4 May 2017quarterly activities report▼ Bad
Approach reported first quarter 2017 revenue of $26.4 million, up 50% on the prior year quarter, and a net loss of $140.8 million, driven by a $139.1 million deferred tax asset write-off. Production was 11.4 MBoe/d and the borrowing base was reaffirmed at $325 million.
25 Apr 2017agm notice● Neutral
Approach Resources Inc announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
25 Apr 2017agm notice● Neutral
Approach filed its proxy statement for the June 7, 2017 annual meeting. Stockholders were asked to elect two directors, vote on executive pay and its frequency, approve a stock incentive plan amendment, and ratify Hein & Associates as auditor.
4 Apr 2017director interest notice● Neutral
Approach Resources Inc director Matthew Kahn received 4,940 shares as part of the equity award.
4 Apr 2017director interest notice● Neutral
Approach Resources Inc director James C Crain received 6,422 shares as part of the equity award.
4 Apr 2017director interest notice● Neutral
Approach Resources Inc director Vean J. Gregg III received 8,893 shares as part of the equity award.
4 Apr 2017director interest notice● Neutral
Approach Resources Inc director Alan D Bell received 6,422 shares as part of the equity award.
28 Mar 2017substantial holder notice● Neutral
Wilks Brothers, LLC, SDW Investments, LLC, Dan H. Wilks, Staci Wilks, Farris Wilks reported a Approach Resources Inc shareholding of 39,266,600 shares (46.24% of votes) in a periodic institutional filing.
20 Mar 2017capital raising announcement● NeutralMajor
The follow-on offer to exchange 7.00% Senior Notes for stock, which followed the Wilks deal, expired on March 17, 2017 with only $14.528 million of notes tendered. Approach accepted them and will issue 4,009,728 shares (about 4.6% of the post-issuance shares), plus accrued interest, on March 22, 2017. Its 2017 capital budget and guidance are unchanged. The filing does not say whether the Wilks exchange itself has closed.
14 Mar 2017director interest notice● Neutral
Approach Resources Inc CEO J. Ross Craft received 330,000 shares as part of the equity award.