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Oil & Gas Exploration and Production

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Thomas Satterfield reports 9.9 pct stake in Stone Energy

Tuesday, 29 Nov 2016 11:09am EST

Stone Energy Corp : Thomas Satterfield reports 9.92 pct stake in Stone Energy Corp as of Nov 29 - SEC Filing . Thomas Satterfield -believes restructuring plan by Stone Energy disproportionately impairs interests of shareholders, unfairly advantages other stakeholders . Thomas Satterfield says initially held passive stake in Stone Energy, says now holds the shares with purpose or effect of changing or influencing control of co . Thomas Satterfield - doesn't intend to support proposed restructuring plan if Stone Energy files for bankruptcy, if plan is submitted without changes . Thomas Satterfield - intends to engage counsel to initiate a shareholder’s class action to recover losses incurred by Stone Energy common shareholders .Thomas Satterfield-intends to retain financial advisors, to speak with other shareholders of Stone Energy in furtherance of foregoing purposes.

Antrim Energy Inc qtrly net loss per basic share $0.01

Thursday, 25 Aug 2016 05:45pm EDT

Antrim Energy Inc : Antrim energy inc. Announces 2016 second quarter results . Qtrly net loss per basic share $0.01 . Board to submit to shareholders a proposal for voluntary liquidation and dissolution of corporation . Corporation proposes to delist from tsxv and to cancel listing of common shares on aim market . Anticipated that formal dissolution and winding up of corporation and its subsidiaries will occur in late 2016 or early 2017 . For dissolution to proceed, it must be approved by way of special resolution by at least 66 2/3% of votes cast by shareholders . Expected that admission of common shares to trading on aim will be cancelled with effect on september 9, 2016 . Board concluded to submit to shareholders a proposal to distribute to shareholders a return of capital in form of a cash distribution .Proposed cash distribution currently estimated at cdn $0.05 per common share (being an aggregate of approximately us $7.2 million).

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