19 Apr 2012material agreement● Neutral
The offering announced two days earlier closed as planned, bringing in $5.9 million gross ($5.5 million net) for drilling and working capital, with a minor correction to the warrant count first reported.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
16 Apr 2012material agreement● Neutral
Lucas Energy launched another stock-and-warrant offering, targeting about $5.9 million gross to fund drilling and workovers, with its December 2010 investors exercising a right to buy in again.
16 Apr 2012securities registration● Neutral
CAMBER ENERGY, INC. filed a prospectus supplement for an offering off its existing shelf.
20 Mar 2012director interest notice● Neutral
CAMBER ENERGY, INC. Chief Executive Officer William Alexander Sawyer sold 7,000 shares at $2.65.
7 Mar 2012securities registration● Neutral
CAMBER ENERGY, INC. registered a securities offering with the SEC using its shelf eligibility.
14 Feb 2012substantial holder notice● Neutral
Capital Ventures International, Heights Capital Management, Inc reported a CAMBER ENERGY, INC. shareholding of 1,050,000 shares (5.10% of votes) in a periodic institutional filing.
14 Feb 2012quarterly activities report▼ Bad
CAMBER ENERGY, INC. reported a quarterly net loss of $2.2 million for the period ended 2011-12-31.
3 Feb 2012asset acquisition disposition● Neutral
Lucas Energy filed a technical amendment confirming that its 2011 purchase of Nordic Oil USA I's Eagle Ford/Austin Chalk leases in Gonzales, Karnes and Wilson Counties should have been reported as a material asset acquisition - a paperwork correction, not new news. This is the same Nordic Oil relationship whose financing later defaulted in 2012.
9 Jan 2012substantial holder notice● Neutral
Hall Phoenix Energy, LLC, Hall Phoenix/Inwood, Ltd, Phoenix/Inwood Corporation, Search Financial Services, LP, Hall Search GP, LLC, Craig Hall disclosed a new substantial CAMBER ENERGY, INC. shareholding (9.90% of votes).
4 Jan 2012asset acquisition disposition● NeutralMajor
Lucas Energy bought roughly 5,500 net acres in Wilson, Leon and Madison Counties from its Eagle Ford joint-venture partner Hall Phoenix Energy, paying entirely in convertible preferred stock valued at $6.35 million.
23 Nov 2011material agreement● NeutralMajor
Lucas Energy announced that its purchase of Nordic Oil USA I's Gonzales, Karnes and Wilson County leases officially closed on November 18, 2011, after Nordic 1's shareholders ratified the deal. The purchase was effective July 1, 2011.
14 Nov 2011quarterly activities report▼ Bad
CAMBER ENERGY, INC. reported a quarterly net loss of $2.1 million for the period ended 2011-09-30.
2 Nov 2011auditor change● Neutral
Lucas Energy dismissed GBH CPAs (no disagreements, clean reports) and hired Hein & Associates as its new auditor, pending shareholder ratification.
19 Oct 2011capital raising announcement▼ BadMajor
Lucas Energy signed a purchase agreement with Nordic Oil USA I for its Gonzales, Karnes and Wilson County leases for $22 million, payable by a 12-month, 6% senior secured note. It also agreed to buy an individual's related interests for 2,000 Series A convertible preferred shares, with closing subject to Nordic 1 shareholder approval.
19 Oct 2011asset acquisition disposition▲ Good
Lucas Energy completed the sale of its New Mexico leasehold interest to Nordic Oil USA 2 for $4 million, exiting that acreage less than a year after buying in.
1 Sept 2011material agreement● NeutralMajor
Lucas Energy signed non-binding letters of intent to buy Nordic Oil USA I's Gonzales, Karnes and Wilson County assets for $22 million via a 12-month, 6% convertible senior secured note, and to sell its McKinley County, New Mexico leasehold to Nordic Oil USA 2 for $4 million cash.
16 Aug 2011director interest notice● Neutral
William Alexander Sawyer became a CAMBER ENERGY, INC. Chief Executive Officer and company insider (initial ownership filing).
15 Aug 2011quarterly activities report▼ Bad
CAMBER ENERGY, INC. reported quarterly revenue of $1.2 million and a net loss of $884 thousand for the period ended 2011-06-30.
8 Aug 2011director interest notice● Neutral
CAMBER ENERGY, INC. Chief Executive Officer William Alexander Sawyer bought 4,000 shares on the open market.
20 July 2011securities registration● Neutral
CAMBER ENERGY, INC. filed a prospectus supplement for an offering off its existing shelf.
20 July 2011securities registration● Neutral
CAMBER ENERGY, INC. filed the final prospectus for a registered offering.
19 July 2011material agreement● Neutral
Lucas Energy cut the exercise price of its December 2010 Series C warrants from $2.62 to $2.48 and brought forward their exercise date, requiring investors to exercise at least 25% immediately. It expected about $1.93 million gross (less $115,711 of commissions) from exercises, for Austin Chalk and Eagle Ford drilling, acquisitions and working capital.
17 June 2011director interest notice● Neutral
CAMBER ENERGY, INC. CHIEF EXECUTIVE OFFICER William Alexander Sawyer received a stock option grant for 200,000 shares.
18 May 2011securities registration● Neutral
CAMBER ENERGY, INC. filed the final prospectus for a registered offering.
2 May 2011securities registration● Neutral
CAMBER ENERGY, INC. registered a securities offering with the SEC using its shelf eligibility.
18 Feb 2011director interest notice● Neutral
Kwongyip Andrew Lai became a CAMBER ENERGY, INC. CFO, Secretary and Treasurer and company insider (initial ownership filing).
14 Feb 2011quarterly activities report▼ Bad
CAMBER ENERGY, INC. reported a quarterly net loss of $1.1 million for the period ended 2010-12-31.
11 Feb 2011substantial holder notice● Neutral
Capital Ventures International, Heights Capital Management, Inc reported a CAMBER ENERGY, INC. shareholding of 1,015,100 shares (6.10% of votes) in a periodic institutional filing.
1 Feb 2011director interest notice● Neutral
CAMBER ENERGY, INC. director W Andrew Krusen Jr. received 12,000 shares and a 24,000-share option grant as part of the equity award.
27 Jan 2011director interest notice● Neutral
CAMBER ENERGY, INC. Chief Executive Officer William Alexander Sawyer received 12,000 shares and a 24,000-share option grant as part of the equity award.