Past year: ▲ 142%(4.02 – 10.41 USD)
Each one in plain English, with the numbers worked through for a shareholder.
6 Sept 2006capital raising announcement▲ GoodMajor
Paid 2.05 million shares for another 25% of the Fetter gas project in Wyoming, raising its interest there from 67.5% to 92.5%. At seller SunStone's request the shares went to BlackRock-managed funds, putting a large institution on the share register.
1 Sept 2006director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp Vice President and Secretary Kendell V Tholstrom sold 7,500 shares at $6.39.
31 Aug 2006material agreement● Neutral
Hired Joseph Feiten as chief financial officer on a five-year contract at $144,000 a year, splitting off the finance role from Andrew Calerich, who had carried both president and CFO titles since 2003.
14 Aug 2006drilling progress report● Neutral
Reported second-quarter profit of $2.1 million, but almost all of it came from selling the Bear Creek project and part of Goliath plus a $1.5 million finder's fee; actual oil and gas sales were about $0.2 million. Management warned there would be no comparable sales or fees in the second half, so the underlying business remains pre-production.
8 Aug 2006director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp President Andrew P Calerich sold 5,000 shares at $5.10.
1 Aug 2006director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp Vice President and Secretary Kendell V Tholstrom sold 7,500 shares at $4.85.
12 July 2006director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp President Andrew P Calerich sold 5,000 shares at $4.93.
3 July 2006director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp VP and Secretary Kendell V Tholstrom sold 7,500 shares at $5.16.
3 July 2006director interest notice● Neutral
Joseph Bruce Feiten became a HESS BAKKEN INVESTMENTS I Corp Chief Financial Officer and company insider (initial ownership filing).
3 July 2006director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp Chief Financial Officer Joseph Bruce Feiten received a stock option grant for 250,000 shares.
21 June 2006securities registration● Neutral
HESS BAKKEN INVESTMENTS I Corp filed the final prospectus for a registered offering.
6 June 2006director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp Secretary Kendell V Tholstrom sold 7,500 shares at $4.57.
16 May 2006late filing notice▼ Bad
HESS BAKKEN INVESTMENTS I Corp notified the SEC that its quarterly report would be filed late.
6 Apr 2006asset acquisition disposition▲ GoodMajor
Sold the Big Sky project in Montana's Elm Coulee field to Enerplus for $11.5 million cash, effective February 1, 2006, with no continuing obligations. It covered 25 gross (about 1.11 net) producing wells and about 1,660 net undeveloped acres.
3 Apr 2006late filing notice▼ Bad
HESS BAKKEN INVESTMENTS I Corp notified the SEC that its annual report would be filed late.
8 Mar 2006auditor change● Neutral
On March 6, 2006 the audit committee ended its relationship with auditor Wheeler Wasoff by mutual agreement and appointed HEIN & Associates LLP to audit the year ending December 31, 2005. Wheeler Wasoff's reports for 2003 and 2004 were clean and there were no disagreements. This is the second auditor change since the 2003 move from Clyde Bailey to Wheeler Wasoff, and fills the gap previously noted in the record.
6 Mar 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.
14 Feb 2006substantial holder notice● Neutral
Wellington Management Company, LLP reported a HESS BAKKEN INVESTMENTS I Corp shareholding of 3,094,600 shares (8.57% of votes) in a periodic institutional filing.
1 Feb 2006director interest notice● Neutral
Savage Terry became a HESS BAKKEN INVESTMENTS I Corp Vice-President-Land and company insider (initial ownership filing).
5 Jan 2006capital raising announcement▲ GoodMajor
Agreed to fund 60% of partner North Finn's drilling and lease costs in exchange for 60% of its interest, plus $535,000 cash and the right for North Finn to take 2.9 million American shares - lifting American's ownership of the Powder River and Big Horn Basin projects from 75% to 90%. Deepens the North Finn partnership begun with the 2003 acreage purchase.
15 Nov 2005late filing notice▼ Bad
HESS BAKKEN INVESTMENTS I Corp notified the SEC that its quarterly report would be filed late.
17 Oct 2005director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp director Nick Demare bought 10,700 shares on the open market.
13 Oct 2005asset acquisition disposition▲ GoodMajor
Bought a 75% interest in 33,000 acres of the North Dakota Williston Basin - the Goliath project - for $2.97 million cash and 675,000 shares, applying the horizontal Bakken technique that had worked at its Big Sky wells in Montana. This North Dakota position becomes the company's defining asset.
13 Oct 2005securities registration● Neutral
HESS BAKKEN INVESTMENTS I Corp filed the final prospectus for a registered offering.
4 Oct 2005securities registration● Neutral
HESS BAKKEN INVESTMENTS I Corp registered a securities offering with the SEC using its shelf eligibility.
4 Oct 2005director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp director Nick Demare received 12,500 shares as part of the equity award.
16 Aug 2005late filing notice▼ Bad
HESS BAKKEN INVESTMENTS I Corp notified the SEC that its quarterly report would be filed late.
27 July 2005capital raising announcement▲ GoodMajor
Raised $13.5 million selling convertible preferred stock paying an 8% dividend, with the conversion price set by drilling luck: $6.00 a share if the Sims 16-26 well at the Fetter project began selling gas within 60 days, $4.50 if not. The first financing since the company stepped up from the OTC bulletin board to the American Stock Exchange in May 2005.
6 July 2005director interest notice● Neutral
HESS BAKKEN INVESTMENTS I Corp director Nick Demare received 37,500 shares as part of the equity award.
21 June 2005drilling result▲ GoodMajor
Two months after the Tower Colombia merger closed and put its executives in charge, American Oil & Gas reported gas and condensate flowing to surface from the Sims 16-26 well at the Fetter project, drilled underbalanced into the Niobrara and Frontier. Management would not call it commercial, and the partners had yet to decide whether to drill deeper or complete where they were.
