13 Dec 2012substantial holder notice● Neutral
Hexagon, LLC, Scott J. Reiman reported a LILIS ENERGY, INC. shareholding of 2,675,000 shares (14.10% of votes) in a periodic institutional filing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
6 Dec 2012substantial holder notice● Neutral
Edward Mike Davis reported no remaining LILIS ENERGY, INC. shareholding in its periodic institutional filing.
23 Nov 2012substantial holder notice● Neutral
Edward Mike Davis reported a LILIS ENERGY, INC. shareholding of 2,808,234 shares (15.59% of votes) in a periodic institutional filing.
9 Nov 2012quarterly activities report▼ Bad
LILIS ENERGY, INC. reported quarterly revenue of $1.9 million and a net loss of $2.8 million for the period ended 2012-09-30.
10 Oct 2012listing compliance notice▲ Good
Nasdaq closed out the shareholder-approval violation with a letter of reprimand rather than delisting action, after shareholders retroactively approved the TRW share issuance at a September 2012 special meeting.
12 Sept 2012capital raising announcement● Neutral
Recovery Energy paid for financial advisory services with a three-year warrant for 600,000 shares at $5.00, vesting over several months.
21 Aug 2012listing compliance notice▼ Bad
Nasdaq separately flagged that Recovery Energy's December 2011 buyout of TRW Exploration's stake had skipped a required shareholder vote, because TRW turned out to be majority-owned by several of the company's own shareholders - meaning the JV termination a year earlier had, in fact, been a related-party transaction. A special meeting to ratify it after the fact was already planned.
9 Aug 2012quarterly activities report▼ Bad
LILIS ENERGY, INC. reported quarterly revenue of $2.3 million and a net loss of $2.8 million for the period ended 2012-06-30.
16 July 2012securities registration● Neutral
LILIS ENERGY, INC. filed notice of an exempt private placement.
16 July 2012securities registration● Neutral
LILIS ENERGY, INC. filed notice of an exempt private placement.
11 May 2012securities registration● Neutral
LILIS ENERGY, INC. amended an already-effective registration statement.
10 May 2012quarterly activities report▼ Bad
LILIS ENERGY, INC. reported quarterly revenue of $1.6 million and a net loss of $7.1 million for the period ended 2012-03-31.
20 Apr 2012securities registration● Neutral
LILIS ENERGY, INC. amended an already-effective registration statement.
16 Mar 2012late filing notice▼ Bad
LILIS ENERGY, INC. notified the SEC that its annual report would be filed late.
13 Feb 2012substantial holder notice● Neutral
Steven B. Dunn, Laura Dunn, Steven B. Dunn and Laura Dunn Revocable Trust reported a LILIS ENERGY, INC. shareholding of 1,240,098 shares (7.10% of votes) in a periodic institutional filing.
9 Feb 2012listing compliance notice▼ Bad
Nasdaq notified Recovery Energy it was out of compliance with audit-committee independence rules after a board member's resignation left only two of the required three independent directors, giving it until mid-2012 to fill the seat.
5 Jan 2012material agreement● NeutralMajor
On December 30, 2011 Recovery Energy agreed to sell all its oil and gas leases in the Grover Field in Weld County, Colorado to Bill Barrett Corporation for $4,540,800, subject to customary adjustments. $3,000,000 was paid at the initial closing on December 30, 2011, and the rest is expected at a final closing around February 10, 2012. The filing does not say how the Grover Field relates to the earlier Davis properties or what the proceeds will be used for.
19 Dec 2011capital raising announcement▼ BadMajor
Recovery Energy swapped the debentures' Grover Field mortgage for a lien on the Vrtatko lease in Kimball County, Nebraska, and in return cut their conversion price from $9.40 to $4.25 and gave holders the right to buy up to 15% of new offerings through 2012. It also ended its Chugwater joint venture with TRW Exploration, buying TRW's interest in 2,400 net acres and two wells for 1.5 million shares.
14 Nov 2011quarterly activities report● Neutral
LILIS ENERGY, INC. reported quarterly revenue of $2.6 million for the period ended 2011-09-30.
1 Nov 2011listing compliance notice▲ GoodMajor
Nasdaq certified LILIS ENERGY, INC.'s securities for listing, clearing them to begin trading.
21 Sept 2011substantial holder notice● Neutral
Steven B. Dunn, Laura Dunn, Steven B. Dunn and Laura Dunn Revocable Trust disclosed a new substantial LILIS ENERGY, INC. shareholding (6.20% of votes).
25 Aug 2011securities registration● Neutral
LILIS ENERGY, INC. filed the final prospectus for a registered offering.
25 Aug 2011securities registration● Neutral
LILIS ENERGY, INC. filed the final prospectus for a registered offering.
18 Aug 2011quarterly activities report● Neutral
LILIS ENERGY, INC. reported quarterly revenue of $2.8 million for the period ended 2011-06-30.
16 Aug 2011late filing notice▼ Bad
LILIS ENERGY, INC. notified the SEC that its quarterly report would be filed late.
12 Aug 2011quarterly activities report● Neutral
LILIS ENERGY, INC. reported quarterly revenue of $2.8 million for the period ended 2011-06-30.
12 Aug 2011material agreement● Neutral
Recovery Energy filed a third amendment to its report on the Wilke Field purchase, now providing a full audited balance sheet and operating statements for 2009 rather than only revenue and expense statements, and revised pro forma figures after registration statement comments. The new pro forma 2009 net loss is about $32.4 million (versus about $31.8 million in the Nov 2010 version); the $4.5 million purchase price is unchanged. The filing lists the Hexagon share-count restatement and says the Aug 12, 2010 pro forma statements should not be relied on. It is signed by A. Bradley Gabbard as CFO, replacing Jeffrey Beunier, who signed the earlier amendments.
12 Aug 2011quarterly activities report● Neutral
LILIS ENERGY, INC. reported quarterly revenue of $2.8 million for the period ended 2011-06-30.
11 Aug 2011securities registration● Neutral
LILIS ENERGY, INC. amended a filing by which it registered a securities offering with the SEC.
26 July 2011financial restatement▼ BadMajor
Recovery Energy was forced to restate its 2010 annual and two 2010/2011 quarterly financial statements after the SEC flagged its accounting for replacement warrants issued in a 2010 exercise; the fix widened the 2010 net loss from $16.8 million to $19.7 million.