Saratoga Resources Inc. (NYSE MKT: SARA; the Company or Saratoga) today announced new staffing in its Covington, Louisiana office. Joining Saratoga are Richard Miller, Gary Pierce, Brenda Reilly and Bobby Sanford. Richard Miller has joined Saratoga as a Senior Petroleum Engineer. Richard holds a B.S. in Petroleum Engineering from Louisiana State University. Richard has broad petroleum engineering experience [...]
Saratoga Resources Inc. (NYSE MKT: SARA; the Company or Saratoga) today announced they will present at The Oil & Gas Investment Symposium hosted by the Independent Petroleum Association of America (IPAA). The presentation will be at 4:30 PM ET on Monday, April 7, 2014. Mr. John Ebert, Vice President Finance and Business Development of Saratoga Resources will be making the presentation which will be web cast and can be [...]
Saratoga Resources Inc. (NYSE MKT: SARA; the Company or Saratoga) today announced financial and operating results for the quarter and year-ended December 31, 2013. Key Financial Results Year-Ended 2013 Production of 803,400 barrels of oil equivalent, or 2,201 barrels of oil equivalent per day, for 2013, down 28% from 2012; Oil and gas revenues of $68.7 million for 2013 compared to $82.5 million for 2012 [...]
Saratoga Resources Inc. (NYSE MKT: SARA; the Company or Saratoga) today announced it will host a conference call to discuss its 2013 results. The conference call will be held on Tuesday, April 1, 2014 at 9:30 AM Central Time (10:30 AM ET; 7:30 AM PT). The call in number for those wishing to participate is (866) 501-1535 for U.S. participants and (216) 672-5582 for participants outside the U.S. The conference ID code [...]
Saratoga Resources Inc. (NYSE MKT: SARA; the Company or Saratoga) today announced they will present at ROTH Capital Partners 26th Annual Growth Stock Conference. The presentation will be at 8:00 AM PT (10:00 CT, 11:00 ET) on Monday March 10, 2014. Mr. Andy Clifford, President of Saratoga Resources, will be making the presentation which will be available for download at the Company website, www.saratogaresources.com [...]
Saratoga Resources Inc. (NYSE MKT: SARA; the Company or Saratoga) today announced proved reserves as of close of business December 31, 2013. Proved reserves at year end totaled 17.24 million barrels of oil equivalent (MMBOE), 53.6% oil, with a net present value discounted at 10% (PV10) of $410.8 million, using SEC pricing, adjusted for quality and location, or average realized pricing of $108.64 per barrel of oil [...]
Saratoga Resources Inc. (NYSE MKT: SARA; the Company or Saratoga) today announced they will present at The Oil & Services Conference, hosted by EnerCom, Inc. The presentation will be at 8:25 AM PT (10:25 CT, 11:25 ET) on Wednesday February 19, 2014. Mr. Andy Clifford, President of Saratoga Resources, will be making the presentation which will be web cast and can be viewed at the Company website [...]
Saratoga Resources Inc. (NYSE MKT: SARA; the Company or Saratoga) today announced that it has received independent, third-party audited reserve estimates on two of its shallow Gulf of Mexico leases, awarded earlier this year. Saratoga contracted with DeGolyer and MacNaughton to provide independent, third-party reserve estimates on its recently acquired shallow Gulf of Mexico properties. Estimates of reserves were [...]
Saratoga Resources Inc. (NYSE MKT: SARA; the Company or Saratoga) announced today that Mr. Andy Clifford, President of Saratoga, will participate at the Capital One Securities 8th Annual Energy Conference being held December 11-13, 2013 at the Omni Royal Orleans Hotel located at 621 St. Louis Street in New Orleans. Mr. Clifford is scheduled to participate in a round table discussion and one-on-one meetings on Friday [...]
Saratoga Resources Inc. (NYSE MKT: SARA; the Company or Saratoga) today announced that Michael Aldridge has submitted his resignation as Executive Vice President and Chief Financial Officer. The effective date of Mr. Aldridges resignation is December 16, 2013. Thomas Cooke, Chairman and Chief Executive Officer, stated, Mike notified us that he had received an offer to join a funded early stage venture and would be [...]
Saratoga Resources Inc. (NYSE MKT: SARA; the Company or Saratoga) today announced that it has issued $27.3 million of first lien notes in exchange for the retirement of $27.3 million of outstanding 12½% senior secured notes and has issued an additional $27.3 million of first lien notes for cash. The first lien notes bear interest at 10% per annum, mature December 31, 2015 and are redeemable by the Company at its [...]
Saratoga Resources Inc. (NYSE MKT: SARA; the Company or Saratoga) today announced the appointment of John Ebert as Vice President Finance and Business Development. Mr. Ebert joined the Company in August 2013 in a business development capacity to strengthen the Companys asset evaluation capabilities and to advise management on the valuation and financing of accretive acquisition opportunities and, since joining [...]