17 May 2011director interest notice● Neutral
SKY PETROLEUM, INC. Chief Executive Officer Karim Jobanputra bought 59,700 shares on the open market.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
16 May 2011quarterly activities report▼ Bad
SKY PETROLEUM, INC. reported a quarterly net loss of $568 thousand for the period ended 2011-03-31.
10 May 2011director interest notice● Neutral
SKY PETROLEUM, INC. Chief Executive Officer Karim Jobanputra bought 79,100 shares on the open market.
22 Apr 2011director interest notice● Neutral
SKY PETROLEUM, INC. director Oliver John Whittle bought 15,600 shares on the open market at $0.48.
15 Mar 2011director interest notice● Neutral
SKY PETROLEUM, INC. Chief Executive Officer Karim Jobanputra bought 177,000 shares on the open market.
11 Jan 2011director interest notice● Neutral
SKY PETROLEUM, INC. Vice President, Corporate Michael David Noonan bought 10,000 shares on the open market.
8 Dec 2010capital raising announcement▲ GoodMajor
Albania's cabinet approved the production sharing contract, making the licences real, and Sky paid Orsett its finder's fee in stock - 3.86 million preferred and 1.5 million common shares. These are the shares Sky would later try to freeze when the relationship soured.
15 Nov 2010quarterly activities report▼ Bad
SKY PETROLEUM, INC. reported a quarterly net loss of $377 thousand for the period ended 2010-09-30.
19 Oct 2010director interest notice● Neutral
SKY PETROLEUM, INC. Chief Executive Officer Karim Jobanputra bought 75,000 shares on the open market at $0.29.
18 Oct 2010director interest notice● Neutral
SKY PETROLEUM, INC. Chief Executive Officer Karim Jobanputra bought 72,200 shares on the open market.
7 Oct 2010director officer appointment● Neutral
Sky reworked what it owed Orsett for finding the Albanian licences and appointed Qatari businessman Sheikh Jabor Bin Yusef Bin Jassim Al-Thani to the board, adding Gulf connections as it moved its centre of gravity from the UAE to the Balkans.
25 Aug 2010director interest notice● Neutral
SKY PETROLEUM, INC. director Oliver John Whittle received 25,000 shares and a 150,000-share option grant as part of the equity award.
25 Aug 2010director interest notice● Neutral
Oliver John Whittle became a SKY PETROLEUM, INC. director and company insider (initial ownership filing).
19 Aug 2010director officer appointment● Neutral
Oliver Whittle joined the board on the same terms recent directors had taken - $30,000 a year and 150,000 options at $0.50.
13 Aug 2010quarterly activities report▼ Bad
SKY PETROLEUM, INC. reported a quarterly net loss of $265 thousand for the period ended 2010-06-30.
21 July 2010director interest notice● Neutral
SKY PETROLEUM, INC. director Robert P. Curt received a stock option grant for 150,000 shares.
21 July 2010director interest notice● Neutral
SKY PETROLEUM, INC. director Robert P. Curt received a stock option grant for 50,000 shares.
21 July 2010director interest notice● Neutral
Robert P. Curt became a SKY PETROLEUM, INC. director and company insider (initial ownership filing).
20 July 2010director interest notice● Neutral
SKY PETROLEUM, INC. Chief Executive Officer Karim Jobanputra bought 275,000 shares on the open market at $0.28.
20 July 2010director interest notice● Neutral
SKY PETROLEUM, INC. Vice President, Corporate Michael David Noonan bought 78,800 shares on the open market.
15 July 2010director interest notice● Neutral
SKY PETROLEUM, INC. Chief Executive Officer Karim Jobanputra bought 85,000 shares on the open market.
12 July 2010director interest notice● Neutral
SKY PETROLEUM, INC. Vice President, Corporate Michael David Noonan bought 100,000 shares on the open market at $0.18.
12 July 2010director interest notice● Neutral
SKY PETROLEUM, INC. Chief Executive Officer Karim Jobanputra bought 75,000 shares on the open market at $0.18.
6 July 2010director interest notice● Neutral
SKY PETROLEUM, INC. Chief Executive Officer Karim Jobanputra received a stock option grant for 300,000 shares.
6 July 2010director interest notice● Neutral
SKY PETROLEUM, INC. Vice President, Corporate Michael David Noonan received a stock option grant for 150,000 shares.
30 June 2010material agreement▲ GoodMajor
Sky replaced Mubarek with something far larger on paper: a production sharing contract over Blocks Four, Five and Dumre in Albania, about 5,000 square kilometres or a fifth of the country's land area, with 1,200 km of existing seismic. Exploration acreage of this size is cheap to acquire and expensive to work - the question from here is whether Sky could fund it.
30 June 2010director interest notice● Neutral
SKY PETROLEUM, INC. Chief Executive Officer Karim Jobanputra bought 100,000 shares on the open market.
25 May 2010material agreement● NeutralMajor
Sky hired British Virgin Islands consultant Orsett Ventures to find oil and gas assets in Albania. It would pay 3 million shares on a first qualifying deal, plus a $1 million cash fee once the rights vested in Sky.
7 Jan 2010material agreement termination▼ BadMajor
Buttes notified Sastaro on December 31, 2009 that it considered the Mubarek Field at the end of its economic life, the concession terminated and the Participation Agreement ended. Sky, which had contributed $25 million for the H2 and K2-ST4 wells, disputed this, saying the wells still produce commercially and the agreement remains valid.
4 Aug 2009director officer appointment● Neutral
Robert Curt joined the board on standard terms of $30,000 a year plus 150,000 options at $0.50 - the strike price a reminder that the stock was far below the $1.00 investors paid in late 2005.