1 Aug 2016director interest notice● Neutral
TALOS PETROLEUM LLC director Donald E Powell received 692 shares as part of the equity award.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
1 Aug 2016director interest notice● Neutral
TALOS PETROLEUM LLC director Bobbie J Duplantis acquired 692 shares and disposed of 275 in a set of related equity transactions.
1 Aug 2016director interest notice● Neutral
TALOS PETROLEUM LLC director Richard A Pattarozzi acquired 692 shares and disposed of 174 in a set of related equity transactions.
1 Aug 2016director interest notice● Neutral
TALOS PETROLEUM LLC director Kay G Priestly acquired 692 shares and disposed of 174 in a set of related equity transactions.
1 Aug 2016director interest notice● Neutral
TALOS PETROLEUM LLC director David T Lawrence acquired 692 shares and disposed of 275 in a set of related equity transactions.
1 Aug 2016director interest notice● Neutral
TALOS PETROLEUM LLC director George R Christmas acquired 692 shares and disposed of 174 in a set of related equity transactions.
1 Aug 2016director interest notice● Neutral
TALOS PETROLEUM LLC director Phyllis M. Taylor received 692 shares as part of the equity award.
1 Aug 2016director interest notice● Neutral
TALOS PETROLEUM LLC director Peter D Kinnear received 692 shares as part of the equity award.
1 Aug 2016director interest notice● Neutral
TALOS PETROLEUM LLC director Robert S Murley received 692 shares as part of the equity award.
25 July 2016quarterly activities report▼ Bad
TALOS PETROLEUM LLC reported quarterly revenue of $89.3 million and a net loss of $195.8 million for the period ended 2016-06-30.
8 July 2016substantial holder notice● Neutral
BlackRock, Inc reported a TALOS PETROLEUM LLC shareholding of 154,737 shares (2.70% of votes) in a periodic institutional filing.
5 July 2016director interest notice● Neutral
TALOS PETROLEUM LLC SR. VP -EXPL & BUS DEVELOPMENT John J Leonard had 65 shares withheld for taxes on vesting stock.
5 July 2016director interest notice● Neutral
TALOS PETROLEUM LLC Director of Acctg & Treasurer Karl D Meche had 17 shares withheld for taxes on vesting stock.
5 July 2016director interest notice● Neutral
TALOS PETROLEUM LLC VP -Planning, Mktg & Midstream Thomas L Messonnier had 65 shares withheld for taxes on vesting stock.
14 June 2016material agreement● NeutralMajor
On June 14, 2016 Stone and its banks amended the credit agreement, raising the borrowing base to $360 million from $300 million with no redetermination until January 15, 2017. Terms include a $125 million minimum liquidity requirement, limits on capital spending, liens on deposit accounts, and permission for second lien debt to refinance the convertible and senior notes. Stone repaid $56.8 million, leaving $360 million outstanding (including $18.3 million of letters of credit) and about $185 million cash; this replaces the installment cure from May, and restructuring alternatives including a prepackaged or prearranged bankruptcy are still under review.
9 June 2016substantial holder notice● Neutral
Thomas A. Satterfield, Jr disclosed a new substantial TALOS PETROLEUM LLC shareholding (6.00% of votes).
20 May 2016director interest notice● Neutral
TALOS PETROLEUM LLC director Richard A Pattarozzi had 2,881 shares withheld for taxes on vesting stock.
20 May 2016director interest notice● Neutral
TALOS PETROLEUM LLC director Kay G Priestly had 4,564 shares withheld for taxes on vesting stock.
20 May 2016director interest notice● Neutral
TALOS PETROLEUM LLC director David T Lawrence had 4,564 shares withheld for taxes on vesting stock.
20 May 2016director interest notice● Neutral
TALOS PETROLEUM LLC director Bobbie J Duplantis had 4,564 shares withheld for taxes on vesting stock.
20 May 2016director interest notice● Neutral
TALOS PETROLEUM LLC director George R Christmas had 2,881 shares withheld for taxes on vesting stock.
16 May 2016listing compliance notice▼ BadMajor
Stone chose to cure the $175.3 million borrowing base shortfall by paying it in six equal monthly installments, and paid the first, about $29.2 million, on May 13, 2016. It says it is weighing a private restructuring, asset sales, or a prepackaged or prearranged bankruptcy, is negotiating with holders of its $300 million 2017 convertible notes and $775 million 2022 notes, and chose not to pay the roughly $29 million 2022 notes interest due May 16, using the grace period to June 14, 2016 even though it says it has enough liquidity. A second NYSE notice is expected because market capitalization and stockholders' equity are each below $50 million; the reverse split proposal would not fix this one, and Stone would have 18 months to submit a plan if NYSE accepts it.
9 May 2016director interest notice● Neutral
TALOS PETROLEUM LLC Chairman, President & CEO David H Welch acquired 39,449 shares and disposed of 18,443 in a set of related equity transactions.
5 May 2016quarterly activities report▼ Bad
TALOS PETROLEUM LLC reported quarterly revenue of $80.7 million and a net loss of $188.8 million for the period ended 2016-03-31.
5 May 2016listing compliance notice▼ BadMajor
Stone reported first quarter 2016 results (reported net loss $188.8 million after $129.2 million of impairments; adjusted net loss $44.1 million; cash $367 million). The Amethyst well was shut in in late April for a suspected blockage, the remaining Pompano platform rig program was suspended due to capital constraints, and 2016 production guidance was cut to 26-28 MBoe per day. The NYSE also notified Stone on April 29, 2016 that its average share price had been under $1.00 for 30 trading days; it has six months to regain compliance, and the May 19 meeting includes a reverse stock split proposal that could address this.
2 May 2016director interest notice● Neutral
TALOS PETROLEUM LLC director Robert S Murley acquired 2,138 shares at $2.28 under a company stock plan.
2 May 2016director interest notice● Neutral
TALOS PETROLEUM LLC director Richard A Pattarozzi acquired 2,138 shares and disposed of 535 in a set of related equity transactions.
2 May 2016director interest notice● Neutral
TALOS PETROLEUM LLC director David T Lawrence acquired 2,138 shares and disposed of 847 in a set of related equity transactions.
2 May 2016director interest notice● Neutral
TALOS PETROLEUM LLC director Kay G Priestly acquired 2,138 shares and disposed of 535 in a set of related equity transactions.
2 May 2016director interest notice● Neutral
TALOS PETROLEUM LLC director Phyllis M. Taylor acquired 2,138 shares at $2.28 under a company stock plan.