12 May 2015listing compliance notice▼ BadMajor
CHANCELLOR GROUP INC. deregistered its securities, ending its obligation to file reports with the SEC.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
14 Nov 2014quarterly activities report▼ Bad
CHANCELLOR GROUP INC. reported quarterly revenue of $0 and a net loss of $537 thousand for the period ended 2014-09-30.
13 Aug 2014quarterly activities report▼ Bad
CHANCELLOR GROUP INC. reported quarterly revenue of $0 and a net loss of $214 thousand for the period ended 2014-06-30.
25 July 2014asset acquisition disposition▼ BadMajor
Chancellor's subsidiary Gryphon sold its Gray County, Texas leases, four oil wells and one water disposal well to S&W Oil & Gas for $95,000 cash ($88,350 net), substantially all its oil and gas assets. Chancellor said it would look at other oil and gas opportunities while developing Pimovi and The Fuelist.
15 May 2014quarterly activities report▼ Bad
CHANCELLOR GROUP INC. reported quarterly revenue of $23 thousand and a net loss of $290 thousand for the period ended 2014-03-31.
14 Nov 2013quarterly activities report▼ Bad
CHANCELLOR GROUP INC. reported quarterly revenue of $13 thousand and a net loss of $334 thousand for the period ended 2013-09-30.
28 Aug 2013securities registration● Neutral
CHANCELLOR GROUP INC. filed notice of an exempt private placement.
28 Aug 2013securities registration● Neutral
CHANCELLOR GROUP INC. filed notice of an exempt private placement.
20 Aug 2013debt financing● NeutralMajor
Chancellor agreed to acquire 51% of Fuelist, LLC, a California startup, for $271,200 paid over 12 months plus 2 million shares of Chancellor stock -- a second bet on technology ventures far from its oil and gas roots.
14 Aug 2013quarterly activities report▼ Bad
CHANCELLOR GROUP INC. reported quarterly revenue of $0 and a net loss of $258 thousand for the period ended 2013-06-30.
15 May 2013quarterly activities report▼ Bad
CHANCELLOR GROUP INC. reported quarterly revenue of $65 thousand and a net loss of $284 thousand for the period ended 2013-03-31.
15 Jan 2013material agreement● NeutralMajor
Chancellor moved further from oil and gas, agreeing to fund a new 61%-owned technology startup, Pimovi, Inc., with $250,000 over eight months in exchange for preferred equity and board control.
5 Nov 2012quarterly activities report▼ Bad
CHANCELLOR GROUP INC. reported quarterly revenue of $23 thousand and a net loss of $124 thousand for the period ended 2012-09-30.
10 Aug 2012quarterly activities report▼ Bad
CHANCELLOR GROUP INC. reported quarterly revenue of $12 thousand and a net loss of $148 thousand for the period ended 2012-06-30.
11 May 2012quarterly activities report▼ Bad
CHANCELLOR GROUP INC. reported a quarterly net loss of $121 thousand for the period ended 2012-03-31.
16 Dec 2011asset acquisition disposition▼ BadMajor
Chancellor closed the LCB Resources sale, covering about 82% of its remaining consolidated assets, for $2.05 million cash.
20 Oct 2011material agreement▼ BadMajor
Chancellor agreed to sell substantially all of Gryphon's remaining oil and gas assets to LCB Resources for $2.05 million, keeping only four producing wells -- continuing to wind down its original oil and gas business.
23 Mar 2011material agreement termination▼ BadMajor
Chancellor's board terminated the Zimbabwe gold exploration agreement with Munda We Gold, citing governance concerns and regional political instability -- the diversification bet abandoned within four months.
26 Jan 2011auditor change● Neutral
Chancellor fired De Joya Griffith as its auditor after less than three months and hired StarkSchenkein instead -- no disagreements were cited.
7 Jan 2011auditor change● Neutral
This amends the October 2010 auditor-change filing already covered. It restates that Larry O'Donnell, CPA resigned on October 26, 2010 to cut back public-company audit work and focus on tax, and that De Joya Griffith & Company was engaged as of October 25, 2010. New in this version: the company says it was advised that the PCAOB revoked O'Donnell's registration effective December 14, 2010. The filing states there were no disagreements and no adverse or qualified opinions on the 2008 and 2009 financial statements.
2 Dec 2010capital raising announcement● NeutralMajor
Chancellor agreed to fund a new Zimbabwe gold exploration venture with local partner Munda We Gold at $50,000 a month during a 90-day diligence period -- a striking diversification attempt for a small Texas Panhandle oil and gas company just two years removed from bankruptcy.
27 Oct 2010auditor change● Neutral
Chancellor's auditor resigned to focus on tax work and was replaced with De Joya Griffith & Company -- a routine, no-disagreement change.
30 June 2010substantial holder notice● Neutral
Koala Pictures Pty Ltd., Maxwell Grant disclosed a new substantial CHANCELLOR GROUP INC. shareholding (37.47% of votes).
2 June 2010asset acquisition disposition● Neutral
Chancellor completed the small Hutchinson County acquisition for $150,000 cash.
10 May 2010asset acquisition disposition● Neutral
Chancellor's subsidiary Gryphon agreed to buy a small package of Hutchinson County, Texas oil and gas leases from a sole proprietor for $150,000 -- a token bolt-on acquisition as it slowly rebuilt after bankruptcy.
15 May 2009late filing notice▼ Bad
CHANCELLOR GROUP INC. notified the SEC that its quarterly report would be filed late.
5 Sept 2008asset acquisition disposition▲ GoodMajor
Chancellor closed the Legacy Reserves sale: the $13.25 million deal paid off Western National Bank and Capwest Resources in full, funded a $110,000 buyback of dissenting shareholder New Concept Energy's stock as part of a litigation settlement, and left Chancellor debt-free with about $3 million in working capital and roughly 30% of its original oil and gas acreage.
19 Aug 2008bankruptcy or receivership▲ GoodMajor
Rather than reorganize, Chancellor agreed to sell about 80% of its oil and gas production to Legacy Reserves for $13.25 million -- enough to pay its secured lenders in full and leave it debt-free -- and the bankruptcy court dismissed its and its subsidiaries' Chapter 11 cases so the sale could close, over the objection of shareholder New Concept Energy.
4 June 2008director interest notice● Neutral
CHANCELLOR GROUP INC. 10%+ owner Koala Pictures Pty LTD gifted 200,000 shares.
14 May 2008director interest notice● Neutral
CHANCELLOR GROUP INC. 10%+ owner Koala Pictures Pty LTD gifted 1,000,000 shares.