5 Sept 2018securities registration● Neutral
Gastar Exploration Inc. filed the final prospectus for a registered offering.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
30 Aug 2018securities registration● Neutral
Gastar Exploration Inc. filed the final prospectus for a registered offering.
30 Aug 2018listing compliance notice▼ BadMajor
On August 28, 2018, NYSE American told Gastar its common stock had sold at a low price for a substantial period. Continued listing depends on a reverse stock split or sustained price improvement by February 28, 2019, and the stock is below compliance, with a '.BC' designation. The company says it is weighing strategic transactions, including financing, refinancing, sale or merger. Trading would be suspended if the price fell to $0.06 or below, and a delisting would let convertible noteholders demand repurchase at 101%, which could trigger default and let the Ares term loan lenders accelerate that loan.
14 Aug 2018securities registration● Neutral
Gastar Exploration Inc. filed the final prospectus for a registered offering.
9 Aug 2018quarterly activities report▼ Bad
Gastar Exploration Inc. reported quarterly revenue of $10.2 million and a net loss of $35.8 million for the period ended 2018-06-30.
9 Aug 2018securities registration● Neutral
Gastar Exploration Inc. filed the final prospectus for a registered offering.
9 Aug 2018quarterly activities report▼ Bad
Gastar Exploration Inc. reported quarterly revenue of $10.2 million and a net loss of $35.8 million for the period ended 2018-06-30.
1 Aug 2018securities registration● Neutral
Gastar Exploration Inc. filed the final prospectus for a registered offering.
23 July 2018securities registration● Neutral
Gastar Exploration Inc. filed the final prospectus for a registered offering.
20 July 2018substantial holder notice● Neutral
AF V Energy I AIV B, ACOF Investment Management LLC, Ares Management LLC, Ares Management Holdings L.P, Ares Holdco LLC, Ares Holdings Inc, Ares Management, L.P, Ares Management GP LLC, Ares Partners Holdco LLC reported a Gastar Exploration Inc. shareholding of 130,348,267 shares (44.40% of votes) in a periodic institutional filing.
10 July 2018substantial holder notice● Neutral
BlackRock, Inc reported a Gastar Exploration Inc. shareholding of 3,945,613 shares (1.80% of votes) in a periodic institutional filing.
6 July 2018material agreement▼ BadMajor
On June 29, 2018, Gastar signed Amendment No. 4 and a Limited Waiver to the Ares-held term loan, and a Second Supplemental Indenture for the 2022 convertible notes, both with Wilmington Trust. Both waive certain 'inadvertent defaults' (the filing does not say what they were) and bar cash dividends on capital stock, except the June 2018 dividends on the Series A and Series B preferred. This ends the earlier expectation that covenants would not restrict preferred dividends, so preferred holders should not count on payments after June 2018 (inference).
6 July 2018securities registration● Neutral
Gastar Exploration Inc. filed the final prospectus for a registered offering.
29 June 2018securities registration● Neutral
Gastar Exploration Inc. filed the final prospectus for a registered offering.
11 June 2018securities registration● Neutral
Gastar Exploration Inc. filed the final prospectus for a registered offering.
14 May 2018securities registration● Neutral
Gastar Exploration Inc. filed the final prospectus for a registered offering.
10 May 2018securities registration● Neutral
Gastar Exploration Inc. filed the final prospectus for a registered offering.
10 May 2018quarterly activities report▼ Bad
Gastar Exploration Inc. reported quarterly revenue of $20.9 million and a net loss of $15.5 million for the period ended 2018-03-31.
10 May 2018quarterly activities report▼ Bad
Gastar Exploration Inc. reported quarterly revenue of $20.9 million and a net loss of $15.5 million for the period ended 2018-03-31.
9 Apr 2018securities registration● Neutral
Gastar Exploration Inc. filed the final prospectus for a registered offering.
26 Mar 2018securities registration● Neutral
Gastar Exploration Inc. filed the final prospectus for a registered offering.
15 Mar 2018securities registration● Neutral
Gastar Exploration Inc. amended an already-effective registration statement.
14 Mar 2018director interest notice● Neutral
Gastar Exploration Inc. Interim Chief Exec Officer Jerry R Schuyler received 652,570 shares as part of the equity award.
5 Mar 2018asset acquisition disposition● NeutralMajor
Gastar completed the West Edmond Hunton Lime Unit sale to Revolution Resources on February 28, 2018, receiving about $98.8 million net cash after about $8.7 million of adjustments (against the $107.5 million price), subject to further closing adjustments. This resolves the January sale agreement; the company says it will redirect the funds to drilling operated Osage and Meramec wells in its STACK position. The filing includes pro forma statements but does not say how the proceeds will be applied to the Ares term loan.
15 Feb 2018quarterly activities report▼ Bad
Gastar Exploration Inc. reported a quarterly net loss of $13.0 million for the period ended 2017-12-31.
14 Feb 2018substantial holder notice● Neutral
Dan H. Wilks, Staci Wilks, Wilks Brothers, LLC reported a Gastar Exploration Inc. shareholding of 6,454,011 shares (2.95% of votes) in a periodic institutional filing.
14 Feb 2018substantial holder notice● Neutral
Fir Tree Capital Management LP disclosed a new substantial Gastar Exploration Inc. shareholding (9.75% of votes).
12 Feb 2018director interest notice● Neutral
Gastar Exploration Inc. director Robert David Penner had 15,060 shares withheld for taxes on vesting stock.
1 Feb 2018director interest notice● Neutral
Gastar Exploration Inc. Senior VP & COO Stephen Phillip Roberts received 191,406 shares and a 191,406-share option grant as part of the equity award.
1 Feb 2018substantial holder notice● Neutral
BlackRock, Inc disclosed a new substantial Gastar Exploration Inc. shareholding (5.50% of votes).