4 Dec 2020asset acquisition disposition▲ GoodMajor
USE closed another small bolt-on acquisition, buying Newbridge Resources' producing properties in Liberty County, Texas (100% held by production) for about $250,000 in restricted stock.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
23 Nov 2020substantial holder notice● Neutral
CVI Investments, Inc, Heights Capital Management, Inc disclosed a new substantial BIG SKY INDUSTRIAL INC. shareholding (8.30% of votes).
16 Nov 2020quarterly activities report▼ Bad
BIG SKY INDUSTRIAL INC. reported quarterly revenue of $401 thousand and a net loss of $1.7 million for the period ended 2020-09-30.
16 Nov 2020quarterly activities report▼ Bad
Reported third-quarter 2020 revenue of $0.4 million, down from $1.6 million a year earlier on lower prices and volumes. Production averaged 146 BOE per day, there was a $1.1 million impairment, and cash was about $1.0 million at quarter end.
16 Nov 2020material agreement▲ GoodMajor
USE raised roughly $3.45 million in a firm-commitment underwritten offering (1 million shares at $3.00, plus the underwriters' over-allotment exercised in full) led by Kingswood Capital Markets.
13 Nov 2020securities registration● Neutral
BIG SKY INDUSTRIAL INC. filed the final prospectus for a registered offering.
10 Nov 2020securities registration● Neutral
BIG SKY INDUSTRIAL INC. amended a filing by which it registered a securities offering with the SEC.
9 Nov 2020capital raising announcement● Neutral
U.S. Energy agreed to buy operated producing properties in Liberty County, Texas from Newbridge Resources for $250,000 in restricted stock. The assets covered about 680 net acres and an estimated 242,300 barrels of proved developed oil reserves.
30 Oct 2020securities registration● Neutral
BIG SKY INDUSTRIAL INC. registered a securities offering with the SEC.
5 Oct 2020substantial holder notice● Neutral
Empery Asset Management, LP, Ryan M. Lane, Martin D. Hoe disclosed a new substantial BIG SKY INDUSTRIAL INC. shareholding (8.94% of votes).
2 Oct 2020material agreement▲ GoodMajor
USE raised about $1.66 million in a registered direct stock offering (315,810 shares at $5.25) through Kingswood Capital Markets, with officers, directors and the company itself agreeing to 180-day trading/issuance restrictions.
2 Oct 2020securities registration● Neutral
BIG SKY INDUSTRIAL INC. filed a prospectus supplement for an offering off its existing shelf.
29 Sept 2020asset acquisition disposition▲ GoodMajor
USE bought a package of producing oil and gas properties (21 wells, 14 producing, in New Mexico and Wyoming) out of the Chapter 7 bankruptcy of FieldPoint Petroleum for $500,000 through a court-approved asset sale - an opportunistic, distressed-asset bolt-on.
28 Sept 2020securities registration● Neutral
BIG SKY INDUSTRIAL INC. filed a prospectus dated September 25, 2020 for a shelf registration allowing it to sell up to $50 million of common stock, preferred stock, debt, warrants or units over time. Terms of any sale will be set in later prospectus supplements.
18 Sept 2020securities registration● Neutral
BIG SKY INDUSTRIAL INC. registered a securities offering with the SEC using its shelf eligibility.
14 Aug 2020quarterly activities report▼ Bad
BIG SKY INDUSTRIAL INC. reported quarterly revenue of $189 thousand and a net loss of $3.7 million for the period ended 2020-06-30.
10 June 2020agm notice● Neutral
BIG SKY INDUSTRIAL INC. reported results of its annual meeting held June 9, 2020. Shareholders elected a director, ratified Plante & Moran as auditor, approved the say-on-pay vote and approved an amendment to the 2012 equity incentive plan.
20 May 2020substantial holder notice● Neutral
Guy Gentile disclosed a new substantial BIG SKY INDUSTRIAL INC. shareholding (9.79% of votes).
14 May 2020quarterly activities report▼ Bad
BIG SKY INDUSTRIAL INC. reported quarterly revenue of $923 thousand and a net loss of $306 thousand for the period ended 2020-03-31.
5 Mar 2020asset acquisition disposition▲ GoodMajor
Amid all the compliance turmoil, USE still managed a real accretive deal - acquiring New Horizon Resources, a small North Dakota producer (about 1,300 net acres, 100% held by production, averaging 63% working interest) for 59,498 USE shares plus $150,000 cash.
19 Dec 2019listing compliance notice▼ BadMajor
USE failed to regain Nasdaq's minimum bid price compliance by its final December 16 deadline, and Nasdaq notified the company its stock would be delisted from the Nasdaq Capital Market unless it successfully appealed.
14 Nov 2019quarterly activities report▼ Bad
BIG SKY INDUSTRIAL INC. reported quarterly revenue of $1.6 million and a net loss of $281 thousand for the period ended 2019-09-30.
14 Nov 2019quarterly activities report▼ Bad
BIG SKY INDUSTRIAL INC. reported quarterly revenue of $1.6 million and a net loss of $281 thousand for the period ended 2019-09-30.
15 Oct 2019quarterly activities report▼ Bad
Filed its 10-Q for the quarter ended June 30, 2019, showing revenue of $1.9 million and net income of $20 thousand. Cash stood at $884 thousand at June 30, with the credit facility fully repaid.
15 Oct 2019quarterly activities report▼ Bad
Reported first and second quarter 2019 results: Q2 oil and gas revenue was $1.9 million with net income of $20 thousand, and Q1 revenue was $1.6 million with net income of $15 thousand. Cash was $1.7 million with no debt as of October 10, 2019.
15 Oct 2019quarterly activities report▼ Bad
In a late-filed 10-Q for the quarter ended March 31, 2019, the company reported revenue of $1.6 million and net income of $15 thousand. This compared with a $322 thousand net loss in the same quarter of 2018.
21 Aug 2019listing compliance notice▼ BadMajor
USE's filing delinquency spread further - it also missed its Q2 2019 10-Q on top of the still-unfiled 2018 10-K, both delayed by ongoing litigation the company had been citing since February - though Nasdaq extended the deadlines to mid-September and mid-October 2019.
16 Aug 2019late filing notice▼ Bad
BIG SKY INDUSTRIAL INC. notified the SEC that its quarterly report would be filed late.
12 July 2019listing compliance notice▼ Bad
BIG SKY INDUSTRIAL INC. withdrew a registration statement, abandoning the offering it covered.
25 June 2019listing compliance notice● NeutralMajor
USE fixed its audit-committee independence problem by appointing Catherine Boggs to the board, and separately Nasdaq granted a second 180-day extension (to December 16, 2019) on the stock's minimum bid price deficiency - though that clock is now running for a second time with no more room after it.