10 Nov 2010quarterly activities report● Neutral
PostRock Energy Corp reported quarterly revenue of $25.3 million and net income of $28.2 million for the period ended 2010-09-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
10 Nov 2010quarterly activities report● Neutral
PostRock Energy Corp reported quarterly revenue of $25.3 million and net income of $28.2 million for the period ended 2010-09-30.
7 Oct 2010securities registration● Neutral
PostRock Energy Corp filed notice of an exempt private placement.
3 Sept 2010capital raising announcement● NeutralMajor
Sold control to private equity: White Deer Energy put in $60 million for preferred stock paying a 12% compounding dividend, mandatory redemption in seven and a half years, and warrants that could take it to about 70% of the common at $3.15 a share. It was the rescue the over-levered post-merger balance sheet needed, but it made an outside fund both the company's largest owner and the holder of a redeemable claim ahead of every ordinary shareholder.
10 Aug 2010quarterly activities report▼ Bad
PostRock Energy Corp reported quarterly revenue of $23.8 million and a net loss of $9.6 million for the period ended 2010-06-30.
10 Aug 2010quarterly activities report▼ Bad
PostRock Energy Corp reported quarterly revenue of $23.8 million and a net loss of $9.6 million for the period ended 2010-06-30.
12 July 2010material agreement▲ GoodMajor
Bought three more months on the $8 million revolver at the services subsidiary, pushing its maturity to October 2010, and separately agreed to settle the securities class actions and derivative suits arising from the Quest-era misconduct for about $1.4 million. The litigation left over from the Jerry Cash affair was finally being priced and closed out.
10 June 2010debt financing▼ BadMajor
Royal Bank of Canada, as agent, cut the Quest Cherokee credit facility's borrowing base to $125 million against $138.6 million drawn, a $13.6 million deficiency. The company said it intended to repay it in two equal monthly installments from cash on hand.
23 Mar 2010substantial holder notice● Neutral
Alerian Opportunity Partners IV, LP, Alerian Capital Management LLC, Gabriel Arce Hammond disclosed a new substantial PostRock Energy Corp shareholding (12.50% of votes).
17 Mar 2010substantial holder notice● Neutral
CUSHING MLP OPPORTUNITY FUND I, LP, SWANK CAPITAL, LLC, SWANK ENERGY INCOME ADVISORS, LP, JERRY V. SWANK disclosed a new substantial PostRock Energy Corp shareholding (9.10% of votes).
10 Mar 2010business combination● NeutralMajor
The three-way recombination closed on 5 March 2010: Quest Resource Corporation, Quest Energy Partners and Quest Midstream all became subsidiaries of the new PostRock Energy Corporation, and trading began on Nasdaq as PSTR. Former Quest Midstream unitholders took 44% of the new company, Quest Energy unitholders 33% and Quest Resource shareholders just 23%, so the public company that emerged from the Jerry Cash misappropriation scandal and the 2005-2008 restatement was owned mostly by the pipeline side. David Lawler stayed as chief executive and Eddie LeBlanc as finance chief.
9 Mar 2010director interest notice● Neutral
Gary M Pittman became a PostRock Energy Corp director and company insider (initial ownership filing).
9 Mar 2010director interest notice● Neutral
PostRock Energy Corp director William Damon received 1,438 shares and a 575-share option grant as part of the equity award.
9 Mar 2010director interest notice● Neutral
PostRock Energy Corp VP-Engineering/Ops- Appalachia Lance J Galvin received 30,011 shares as part of the equity award.
9 Mar 2010director interest notice● Neutral
David J Klvac became a PostRock Energy Corp Corporate Controller and company insider (initial ownership filing).
9 Mar 2010director interest notice● Neutral
Jack T Collins became a PostRock Energy Corp EVP - Finance/Corp Development and company insider (initial ownership filing).
9 Mar 2010director interest notice● Neutral
Daniel L Spears became a PostRock Energy Corp director and company insider (initial ownership filing).
9 Mar 2010director interest notice● Neutral
Mark Alan Stansberry became a PostRock Energy Corp director and company insider (initial ownership filing).
9 Mar 2010director interest notice● Neutral
PostRock Energy Corp VP- Engineering/Ops- MidCon Richard Marlin received 40,302 shares as part of the equity award.
9 Mar 2010director interest notice● Neutral
PostRock Energy Corp Chief Financial Officer Eddie M Leblanc III received 69,998 shares and a 17,250-share option grant as part of the equity award.
9 Mar 2010director interest notice● Neutral
Richard Marlin became a PostRock Energy Corp VP- Engineering/Ops- MidCon and company insider (initial ownership filing).
9 Mar 2010director interest notice● Neutral
William Damon became a PostRock Energy Corp director and company insider (initial ownership filing).
9 Mar 2010director interest notice● Neutral
PostRock Energy Corp CEO and President David C Lawler received 98,572 shares and a 11,500-share option grant as part of the equity award.
5 Mar 2010listing compliance notice▲ GoodMajor
Nasdaq certified PostRock Energy Corp's securities for listing, clearing them to begin trading.
5 Mar 2010director interest notice● Neutral
David C Lawler became a PostRock Energy Corp CEO and President and company insider (initial ownership filing).
5 Mar 2010director interest notice● Neutral
Eddie M Leblanc III became a PostRock Energy Corp Chief Financial Officer and company insider (initial ownership filing).
8 Feb 2010securities registration● Neutral
PostRock Energy Corp filed the final prospectus for a registered offering.
2 Feb 2010business combination● NeutralMajor
Amendment No. 4 to the registration statement for the planned recombination of Quest Resource (QRCP), Quest Energy Partners (QELP) and Quest Midstream Partners (QMLP) under a new company, PostRock Energy Corporation. The filing says all three entities are in difficult economic circumstances and that the boards believe recombining improves their ability to avoid bankruptcy. It sets expected ownership at about 23% for former QRCP stockholders, 33% for former QELP unitholders (other than QRCP) and 44% for former QMLP unitholders, with votes at QRCP and QELP meetings on 9 March 2010 and a planned Nasdaq listing as 'PSTR'. The terms continue the earlier S-4 drafts; the text provided shows no change in the percentages.
21 Jan 2010business combination● Neutral
Amendment No. 3 keeps the 25 February 2010 meeting date, the 14 January 2010 QRCP record date and the same 23%/33%/44% ownership split. The visible text shows only a change of QRCP meeting venue to the Ronald J. Norick Downtown Library in Oklahoma City; any other changes are not visible in the excerpt provided.
14 Jan 2010business combination● Neutral
Amendment No. 2 sets the QRCP annual meeting and QELP special meeting for 25 February 2010 to vote on the merger and a PostRock 2010 Long-Term Incentive Plan, with a QRCP record date of 14 January 2010. The ownership split of 23%/33%/44% is unchanged; this is the first version with dates fixed (later pushed to 9 March 2010 in Amendment No. 4).