Emerald Oil announced today the pricing of its private offering of $140 million in aggregate principal amount of Convertible Senior Notes due 2019. The offering is expected to close on March 24, 2014, subject to the satisfaction of customary closing conditions. The Company also granted to the initial purchasers a 30-day option to purchase up to an [...]
Emerald Oil announced today it intends, subject to market conditions, to offer $125 million in aggregate principal amount of Convertible Senior Notes due 2019 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The Convertible Notes are expected to pay interest semiannually and [...]
Emerald today announced financial and operational results for the quarter and year ended December 31, 2013. Highlights: Increased fourth quarter production to 220,793 BOE, an average of approximately 2,430 BOEPD, an increase of 29% compared to the third quarter of 2013 and 101% compared to the fourth quarter of 2012; Increased annual production to [...]
Emerald plans to announce its fourth quarter and year-end 2013 financial and operational results on Wednesday, March 12, 2014 after the close of trading on the NYSE MKT. The Company will host a conference call on Thursday, March 13, 2014 at 10:00 a.m. Eastern Time to discuss financial and operational results for the quarter and year-end. Emerald [...]
Emerald Oil, Inc. today announced that it has closed the previously announced acquisitions of core Bakken and Three Forks producing properties and undeveloped leasehold in McKenzie and Williams Counties, North Dakota. The total purchase price for the asset packages is $75.1 million in cash. Including today's acquisition, Emerald's total Williston [...]
Emerald Oil today provided an interim operations update on recent drilling and completion activities along with its 2013 fourth quarter and year end production rates.
Emerald Oil today announced that it has entered into two separate definitive purchase and sale agreements with two unrelated sellers to acquire additional core Bakken and Three Forks producing properties and undeveloped leasehold in McKenzie and Williams Counties, North Dakota. The total purchase price for the asset packages is $74.6 million in [...]
Emerald Oil today announced its results for the quarter ended September 30, 2013. Emerald plans to file its quarterly report on Form 10-Q with the U.S. Securities and Exchange Commission no later than Wednesday, November 6, 2013.
Emerald Oil plans to announce its third quarter 2013 financial and operational results on Tuesday, November 5, 2013 after the close of trading on the NYSE MKT. The Company will host a conference call on Wednesday, November 6, 2013 at 10:00 a.m. Eastern Time (8:00 a.m. Mountain Time) to discuss financial and operational results for the quarter.
Emerald Oil announced today that it has completed the sale of 5,092,852 shares of its common stock to affiliates of White Deer Energy ("White Deer"), an energy private equity firm, for approximately $32.5 million. The Company plans to use the net proceeds from the private placement, along with the proceeds from its recently completed public [...]
Emerald Oil announced today that it has completed the sale of 15,000,000 shares of its common stock and that the underwriters have exercised their over-allotment option of an additional 2,250,000 shares of the Company's common stock in full. All shares of common stock were sold to the public at an offering price of $6.70 per share. The resulting [...]
Emerald Oil announced today that it has priced an underwritten public offering of 15,000,000 shares of the Company's common stock at $6.70 per share. The Company has granted the underwriters a 30-day option to purchase up to an additional 2,250,000 shares of common stock. The Company intends to use the net proceeds from this offering to accelerate [...]
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