21 Feb 2017director interest notice● Neutral
TALOS PETROLEUM LLC director Donald E Powell received 459 shares as part of the equity award.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
21 Feb 2017director interest notice● Neutral
TALOS PETROLEUM LLC director Peter D Kinnear acquired 459 shares and disposed of 182 in a set of related equity transactions.
21 Feb 2017director interest notice● Neutral
TALOS PETROLEUM LLC director Richard A Pattarozzi acquired 459 shares and disposed of 115 in a set of related equity transactions.
21 Feb 2017director interest notice● Neutral
TALOS PETROLEUM LLC director Kay G Priestly acquired 459 shares and disposed of 182 in a set of related equity transactions.
15 Feb 2017bankruptcy or receivership▼ BadMajor
On February 15, 2017, the Bankruptcy Court confirmed Stone's prepackaged plan, with the effective date targeted for February 28, 2017. All existing common stock (about 5.7 million shares outstanding as of Feb 14, 2017) will be cancelled; holders get a pro rata share of 5% of new stock plus warrants for 15% of the reorganized company's stock, before dilution from the management incentive program and warrants. Noteholders get $100M cash, $225M of new second lien notes and 95% of the new stock; bank lenders get a new $200M revolver plus excess cash above $25M; other unsecured creditors are paid in full. A new seven-member board takes over at the effective date, including David Welch, and current directors resign. (Terms differ from the December 14 filing, which said 4% and 10% warrants and 96% for noteholders.)
10 Feb 2017material agreement▲ GoodMajor
The Appalachia sale went to an auction on February 8, 2017, and EQT Production Company won with $527 million in cash (plus up to $16 million upward adjustment), well above Tug Hill's earlier $360 million. American Petroleum Partners was named back-up bidder at $526 million. The Bankruptcy Court approved the sale on February 10, 2017, with closing expected by February 28, 2017. Tug Hill's agreement ends at closing, with Stone paying it a $10.8 million break-up fee plus $1.85 million of expenses. This resolves the open Tug Hill sale thread, replacing that buyer with a much higher bid.
10 Feb 2017substantial holder notice● Neutral
The Vanguard Group reported a TALOS PETROLEUM LLC shareholding of 144,299 shares (2.53% of votes) in a periodic institutional filing.
7 Feb 2017substantial holder notice● Neutral
Franklin Resources, Inc, Charles B. Johnson, Rupert H. Johnson, Jr, Franklin Advisers, Inc disclosed a new substantial TALOS PETROLEUM LLC shareholding (6.70% of votes).
1 Feb 2017director interest notice● Neutral
TALOS PETROLEUM LLC director Peter D Kinnear received 697 shares as part of the equity award.
1 Feb 2017director interest notice● Neutral
TALOS PETROLEUM LLC director Kay G Priestly acquired 697 shares and disposed of 175 in a set of related equity transactions.
1 Feb 2017director interest notice● Neutral
TALOS PETROLEUM LLC director Phyllis M. Taylor received 697 shares as part of the equity award.
1 Feb 2017director interest notice● Neutral
TALOS PETROLEUM LLC director Robert S Murley received 697 shares as part of the equity award.
1 Feb 2017director interest notice● Neutral
TALOS PETROLEUM LLC director Bobbie J Duplantis acquired 697 shares and disposed of 277 in a set of related equity transactions.
1 Feb 2017director interest notice● Neutral
TALOS PETROLEUM LLC director David T Lawrence acquired 697 shares and disposed of 277 in a set of related equity transactions.
1 Feb 2017director interest notice● Neutral
TALOS PETROLEUM LLC director George R Christmas acquired 697 shares and disposed of 175 in a set of related equity transactions.
1 Feb 2017director interest notice● Neutral
TALOS PETROLEUM LLC director Donald E Powell received 697 shares as part of the equity award.
1 Feb 2017director interest notice● Neutral
TALOS PETROLEUM LLC director Richard A Pattarozzi acquired 697 shares and disposed of 175 in a set of related equity transactions.
24 Jan 2017substantial holder notice● Neutral
Thomas A. Satterfield, Jr reported a TALOS PETROLEUM LLC shareholding of 459,370 shares (8.10% of votes) in a periodic institutional filing.
17 Jan 2017director interest notice● Neutral
TALOS PETROLEUM LLC EVP and CFO Kenneth H Beer had 1,378 shares withheld for taxes on vesting stock.
17 Jan 2017director interest notice● Neutral
TALOS PETROLEUM LLC SR. VP -EXPL & BUS DEVELOPMENT John J Leonard had 710 shares withheld for taxes on vesting stock.
17 Jan 2017director interest notice● Neutral
TALOS PETROLEUM LLC Sr. VP - Gulf of Mexico Keith Seilhan had 684 shares withheld for taxes on vesting stock.
17 Jan 2017director interest notice● Neutral
TALOS PETROLEUM LLC Sr VP - Appalachia Richard L Toothman Jr. had 729 shares withheld for taxes on vesting stock.
17 Jan 2017director interest notice● Neutral
TALOS PETROLEUM LLC Sr. VP, Gen Counsel & Sec Lisa S Jaubert had 811 shares withheld for taxes on vesting stock.
17 Jan 2017director interest notice● Neutral
TALOS PETROLEUM LLC Senior VP - Land Eldon J Louviere had 513 shares withheld for taxes on vesting stock.
17 Jan 2017director interest notice● Neutral
TALOS PETROLEUM LLC VP -Planning, Mktg & Midstream Thomas L Messonnier had 229 shares withheld for taxes on vesting stock.
17 Jan 2017director interest notice● Neutral
TALOS PETROLEUM LLC Chairman, President & CEO David H Welch had 4,672 shares withheld for taxes on vesting stock.
17 Jan 2017director interest notice● Neutral
TALOS PETROLEUM LLC Sr VP-HR, Communication &Admin Florence M Ziegler had 312 shares withheld for taxes on vesting stock.
17 Jan 2017director interest notice● Neutral
TALOS PETROLEUM LLC Director of Acctg & Treasurer Karl D Meche had 193 shares withheld for taxes on vesting stock.
30 Dec 2016director interest notice● Neutral
TALOS PETROLEUM LLC director Robert S Murley sold 4,027 shares at $7.21.
28 Dec 2016securities registration● Neutral
TALOS PETROLEUM LLC amended a filing by which it applied to qualify a debt indenture with the SEC.