26 Mar 2007substantial holder notice● Neutral
GLG Partners LP, GLG Partners Limited, Noam Gottesman, Pierre Lagrange, Emmanuel Roman disclosed a new substantial HESS BAKKEN INVESTMENTS I Corp shareholding (5.40% of votes).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
16 Mar 2007late filing notice▼ Bad
HESS BAKKEN INVESTMENTS I Corp notified the SEC that its annual report would be filed late.
8 Mar 2007director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp President Andrew P Calerich sold 5,000 shares at $5.76.
7 Mar 2007financial restatement▼ BadMajor
The company said it will file amended financial statements for 2005 and the first three quarters of 2006, after an SEC comment letter, to treat the April 2005 Tower Colombia merger as a business purchase rather than a combination of entities under common control. It estimates oil and gas properties up by about $5 million, deferred tax liability up about $1.6 million and paid-in capital up about $15 million, with 2006 net income lower by $300,000 to $700,000; no significant effect on 2005 operations or cash flows. This amendment only clarifies that the plan was discussed with the independent accountant.
6 Mar 2007financial restatement▼ BadMajor
Two blows in one filing: a $1-2 million writedown, mostly because the State 4-36 well was drilled through the target Frontier formation at 53 degrees instead of horizontally, and a restatement of 2005 and the first three quarters of 2006. Prompted by an SEC comment letter, the 2005 Tower Colombia merger must be rebooked as an outright purchase rather than a reshuffle between commonly controlled parties - the accounting consequence of that deal's related-party structure.
2 Mar 2007director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp Vice President & Secretary Kendell V Tholstrom sold 7,500 shares at $5.80.
14 Feb 2007director interest notice● Neutral
Schroeder Don E became a HESS BAKKEN INVESTMENTS I Corp Vice President of Land and company insider (initial ownership filing).
14 Feb 2007substantial holder notice● Neutral
Wellington Management Company, LLP reported a HESS BAKKEN INVESTMENTS I Corp shareholding of 2,766,692 shares (7.11% of votes) in a periodic institutional filing.
12 Feb 2007director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp director Alan Gelfand received a stock option grant for 65,000 shares.
12 Feb 2007director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp director Jon R Whitney received a stock option grant for 65,000 shares.
12 Feb 2007director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp director Minhas Moni received a stock option grant for 65,000 shares.
12 Feb 2007director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp director Nick Demare received a stock option grant for 65,000 shares.
9 Feb 2007director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp President Andrew P Calerich sold 5,000 shares at $6.01.
1 Feb 2007director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp Vice President and Secretary Kendell V Tholstrom sold 7,500 shares at $6.15.
23 Jan 2007material agreement▲ GoodMajor
Signed up Red Technology Alliance to fund 100% of the drilling, completion and equipping of the next three or four Fetter wells in exchange for an interest, letting American keep drilling its main gas project without spending its own cash. Long-standing partner North Finn is again a party.
11 Jan 2007director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp President Andrew P Calerich sold 5,000 shares at $5.64.
3 Jan 2007director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp Vice President and Secretary Kendell V Tholstrom sold 7,500 shares at $6.48.
22 Dec 2006securities registration● Neutral
HESS BAKKEN INVESTMENTS I Corp registered a securities offering with the SEC using its shelf eligibility.
12 Dec 2006securities registration● Neutral
HESS BAKKEN INVESTMENTS I Corp amended an already-effective registration statement.
8 Dec 2006director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp President Andrew P Calerich sold 5,000 shares at $6.77.
7 Dec 2006securities registration● Neutral
HESS BAKKEN INVESTMENTS I Corp amended an already-effective registration statement.
4 Dec 2006director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp Vice Pres and Secretary Kendell V Tholstrom sold 15,000 shares at $7.85.
20 Nov 2006securities registration● Neutral
HESS BAKKEN INVESTMENTS I Corp amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
16 Nov 2006director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp Vice Pres and Secretary Kendell V Tholstrom sold 7,500 shares at $7.00.
15 Nov 2006late filing notice▼ Bad
HESS BAKKEN INVESTMENTS I Corp notified the SEC that its quarterly report would be filed late.
9 Nov 2006director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp President Andrew P Calerich sold 5,000 shares at $5.75.
2 Nov 2006director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp Vice President and Secretary Kendell V Tholstrom sold 7,500 shares at $5.91.
10 Oct 2006director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp President Andrew P Calerich sold 5,000 shares at $5.37.
2 Oct 2006director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp Vice President and Secretary Kendell V Tholstrom sold 7,500 shares at $5.16.
12 Sept 2006director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp President Andrew P Calerich sold 5,000 shares at $5.35.