Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
so that basically means my stock is worthless?
According to the company's IR pages, they filed Form 15-12G - Termination of Registration of a Class of Security under Section 12(g) - effective 12/23/2009.
The Plan proposes that the old Company common stock interests will be canceled and be deemed terminated and of no force and effect. Pursuant to the Bankruptcy Code, because holders of old Company common stock interests will receive no distribution under the Plan and therefore, are deemed to have rejected the Plan, they are not entitled to vote to accept or to reject the Plan. What is the date?
yea I'm blowed, its been on my watchlist since it hit its bottom at around .005 and now its back at .015. It must be moving due to the rise news on oil prices. And the Q is added on by the exchange if there isn't one you'd have to ask the regulators, I called VSTN but they had no answer for the lack of the Q.
As with Visteon, they probably voluntarily removed their ticker symbol from the exchange before they filed for BK.
Also, what's with the move up in the recent weeks? It was up 10% down 10% and so on until today it broke out above 1 cent.
thoughts?
I have not a clue Bro...Why they have not received a Q on the ticker...imo they need to do that also if they are required. Cause I have seen some file 11 and never see a Q...
Does anyone know as to why it doesn't show a "Q" next to their ticker symbol? If they filed this chapter 11 or is there something else I"m missing. Thanks
I really can't answer your question except to say they filed chapter 11. Have a good evening.
does any one know whether this company defaulted on the 100% asset collateral bond?!
I have a couple of those to put on my tax list....
I 100 percent agree with you! this is going to be my biggest 'ouch' in quite some time.
I did luckily. This thing is a total POS TURD.
TAX LOSS SALE. Unbelievable. Ugh. Why didn't I listen to joenatural????
What a bona fide turd. This will be my tax loss sale for 2009. What a joke.
down 25% now.
bubye to this one!
AOGS just went BANKRUPTED....
Aurora Oil & Gas Corporation Files Voluntary Bankruptcy Petitions Under Chapter 11
TRAVERSE CITY, Mich., July 14, 2009 /PRNewswire-FirstCall via COMTEX/ -- Aurora Oil & Gas Corporation (Pink Sheets: AOGS) today announced that on July 12, 2009, Aurora and its subsidiary, Hudson Pipeline & Processing Co., LLC (together, the "Companies") filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Western District of Michigan.
The Companies will continue to operate their businesses as "debtors-in-possession" in accordance with sections 1107 and 1108 and other applicable provisions of the Bankruptcy Code, which require court approval of matters outside the ordinary course of business. No trustee, examiner, or official committee has been appointed.
The Companies have worked diligently to facilitate a global restructuring transaction, including entering into several amendments and forbearance agreements with BNP Paribas and the lenders under the Senior Secured Credit Facility and D.E. Shaw Laminar Portfolios, LLC and the lenders under the Second Lien Term Loan. The Companies have not yet been able to obtain agreement on the terms of such a restructuring and intend to utilize the bankruptcy process to attempt to achieve a consensual restructuring or some other appropriate alternative.
Huron Consulting Group, LLC ("Huron") continues to advise Aurora on its restructuring efforts, focusing on cost reduction and containment initiatives, streamlining the organization, and facilitating communication with its lender and other creditor constituencies.
Mr. Sanford R. Edlein, the Companies' Chief Restructuring Officer and a Managing Director with Huron, commented, "We hope to use Chapter 11 to facilitate a global restructuring of the Companies' debt obligations and expect to work on a consensual plan with the lenders to minimize our time in bankruptcy, while at the same time exploring other potential value-maximizing opportunities. Among other petitions for relief, the Companies have sought authority to make royalty payments and to satisfy other obligations of critical vendors. Ultimately, we hope to operate in Chapter 11 in the ordinary course as was done prior to this bankruptcy filing."
About Aurora Oil & Gas Corporation
Aurora Oil & Gas Corporation is an independent energy company focused on unconventional natural gas exploration, acquisition, development and production, with its primary operations in the Antrim Shale of Michigan, the New Albany Shale of Indiana and Kentucky.
Cautionary Note on Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In particular, statements by Aurora Oil & Gas Corporation and its subsidiaries (the "Company") regarding future events and developments and the Company's future performance, including statements regarding proceedings relating to the Company's petitions for relief under chapter 11 of Title 11 of the United States Code and the Company's operations and funding during the chapter 11 process, and any restructuring agreements or consensual plans with the Company's lenders, as well as other statements of management's intentions, hopes, beliefs, expectations, representations, projections, estimations, plans or predictions of the future, are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements in some cases can be identified by their being preceded by, followed by or containing words such as "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "target" and other similar expressions. Forward-looking statements are based on assumptions and assessments made by the Company's management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. Any forward-looking statements are not guarantees of the Company's future performance and are subject to risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by any forward-looking statements. Except as required by law, Aurora undertakes no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise. Such statements include those relating to: forecasts of the Company's ability to reach a consensual plan with its lenders, successfully reorganize and emerge from bankruptcy; estimated financial results; liquidity needs; and, the Company's ability to finance the Company's working capital requirements.
Investors are cautioned that all forward-looking statements involve risks and uncertainties including without limitation the Company's ability to continue as a going concern; the Company's ability to obtain debtor-in-possession (DIP) financing or authorization to use cash collateral on an interim or final basis to fund the Company's working capital or other needs; the Company's ability to obtain Court approval with respect to motions in the chapter 11 cases prosecuted by the Company from time to time; the Company's ability to develop, prosecute, confirm and consummate a plan of reorganization with respect to the Company's bankruptcy cases; risks associated with third parties seeking and obtaining court approval to terminate or shorten the exclusivity period that the Company has to propose and confirm a plan of reorganization, for the appointment of a chapter 11 trustee or examiner or to convert the Company's bankruptcy cases to cases under chapter 7 of the U.S. Bankruptcy Code; the Company's ability to obtain and maintain normal terms with vendors, service providers, and leaseholders and to obtain orders authorizing payments to such parties; the Company's ability to maintain contracts that are critical to its operations; the potential adverse impact of the Company's bankruptcy cases on the Company's liquidity or results of operations; the Company's ability to fund and execute its business plan; the Company's ability to attract, motivate and retain key executives and employees; the Company's ability to enter into hedging contracts; general market conditions; adverse capital and credit market conditions; the costs and accidental risks inherent in exploring and developing new oil and natural gas reserves; the price for which such reserves and production can be sold; fluctuation in prices of oil and natural gas; the uncertainties inherent in estimating quantities of proved reserves and cash flows; competition; actions by third party co-owners in properties in which the Company also owns an interest; acquisitions of properties and businesses; operating hazards; environmental concerns affecting the drilling of oil and natural gas wells; impairment of oil and natural gas properties due to depletion, low oil and gas prices, or other causes; and hedging decisions, including whether or not to hedge. Similarly, these and other factors, including the terms of any reorganization plan ultimately confirmed, can affect the value of the Company's various pre-petition liabilities and the Company's common stock. No assurance can be given as to what values, if any, will be ascribed in the chapter 11 cases to each of these constituencies. No assurance can be given that there will be any remaining value for shareholders if and when the Company emerges from bankruptcy. Accordingly, the Company urges that the appropriate caution be exercised with respect to existing and future investments in any of these liabilities and/or securities.
Join our email distribution list: http://www.b2i.us/irpass.asp?BzID=1419&to=ea&s=0
Contact:
Aurora Oil & Gas Corporation
Jeffrey W. Deneau, Investor Relations
(231) 941-0073 x 154
www.auroraogc.com
SOURCE Aurora Oil & Gas Corporation
URL: http://www.auroraogc.com
www.prnewswire.com
Copyright (C) 2009 PR Newswire. All rights reserved
**********************************************************************
As of Friday, 07-10-2009 23:59, the latest Comtex SmarTrend? Alert, an automated pattern recognition system, indicated an UPTREND on 10-31-2008 for AOG @ $0.13.
For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com
SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright ? 2004-2009 Comtex News Network, Inc. All rights reserved.
-0-
KEYWORD: Michigan
INDUSTRY KEYWORD: OIL
GAS
SUBJECT CODE: BCY
RCN
OTC
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=aogs#getNews
What a bona fide turd this one turned out to be. Ugh. LOL
dilution scams are in the past and will not be tolerated in the new investment arena. The diluters will see sub penny stock prices if they begin this route of currency.
A red flag when these pinkies have over 10 million shares?
It kind of says that "we can make more money by just printing more shares and diluting every stockholder out".
10 million would be healthier
103M o/s for this price range is unreal good for a company that does bazillions of dollars in revs.
10 million will keep the shorts from playing
103 M per there last filing in May, and per the TA.
Its 103 M and hasnt changed in a year. How is that high for a 3 cent stock that has over a $100 M in assets?
I talked to the co today. Basically reiterated everything I have said so far. Have really no clue as to why this is trading so low.
I tried to buy eod 40 k at .033 and the mm's ignored it for 3 minutes. Odd.
I thought o/s was like 108M.
O/S is is still high
I would like to see a 15:1 reverse on this thing.
Any word on this sir?
Green day finally, chart turning up?
Shorts? Crazy activity here. They gotta cover at some point...
AOGS I called and confirmed TA OS 103 M. Just like it was last year and says in their latest Q. Market cap of $3 Million. Thats crazy and they havent diluted a share in a year so how bad off financially could they be?
Hardly kittycattttt, at best if it happens to land in the scans.
note2self
21 bookmarks
Iwasntaidiot:>}
got a bunch thurs in low fives
Hey E.S.
Do u still keep up with this gem?
loaded the boat yesterday anywayz
A moron sold me 1500 shares at .042 2day, im a moron for not gettin my whole fill and order was cancelled! shouldof bid 43's! ima idiot, o well might pick some up 2morrow wilc?
It is likely to extend further going into friday's trading session - however - typically speaking, that is a common day when traders are witnessed either "taking profits" or otherwise selling their holdings in stock. Perhaps a move before EOD will be made...time will tell. All the best.
Perhaps it will also benefit you studying the potential cause to this move and volume uproar.
Look at the pinch on this one with huge volume today. Major move looking highly likely. What say you?
In other words... they will just sold out everything and close the company.
Last Update: 11/14/2008 4:54:00 PM
Aurora Oil & Gas Corporation Announces Management Changes
TRAVERSE CITY, Mich., Nov 14, 2008 /PRNewswire-FirstCall via COMTEX/ -- Aurora Oil & Gas Corporation (AOG) today announced recent changes to its management team.
Effective immediately, Mr. John E. McDevitt has resigned as President and Chief Operating Officer. Mr. McDevitt joined Aurora in January 2008, to assist with refinancing efforts and provide direction to the Company's operational efforts. Due to family-related concerns, Mr. McDevitt will leave his position on the management team. He will continue to serve on the Company's Board of Directors.
Mr. William W. Deneau, Chief Executive Officer, commented, "John stepped into his role at a time when the Company needed his enthusiasm, guidance and strategic direction. He painstakingly represented Aurora in the midst of challenging global financial conditions. Over the last several months, our direction has evolved from a focus on refinancing to de-leveraging via asset sales. We have agreed that this is an opportune time for John to exit, and introduce new leadership to complete the execution of our new strategic direction."
Mr. Gilbert A. Smith, currently serving as Vice President of Land and Business Development, has been appointed to the position of President. Mr. Smith joined Aurora in February 2008, bringing nearly 40 years of domestic and international oil and gas industry experience, specializing in land administration, asset transactions, and contract negotiation. His prior organizations include CDX Gas, Phillips Petroleum, and Oryx Energy Company.
Mr. Deneau commented, "Gil is perfectly suited for the next phase of our business cycle, specifically, optimizing our portfolio of assets. During his short tenure with Aurora, Gil has proved his ability to manage our enterprise by combining his industry experience and business acumen to make him an incredibly effective leader in our organization. We are pleased to have him continue his efforts with Aurora in this important role."
About Aurora Oil & Gas Corporation
Aurora Oil & Gas Corporation is an independent energy company focused on unconventional natural gas exploration, acquisition, development and production with its primary operations in the Antrim shale of Michigan and the New Albany shale of Indiana and Kentucky.
Cautionary Note on Forward-Looking Statements
Statements regarding future events, beliefs or results, including efforts to de-leverage and optimize the asset portfolio are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although we believe that the forward-looking statements described are based on reasonable assumptions, we can give no assurance that they will prove accurate. Important factors that could cause our actual results to differ materially from those included in the forward-looking statements are more fully described in our filings with the Securities and Exchange Commission. All forward-looking statements contained in this release are based on management's outlook only as of the date of this release and we undertake no obligation to update or revise these forward-
looking statements, whether as a result of subsequent developments or otherwise.
SOURCE Aurora Oil & Gas Corporation
Followers
|
10
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
214
|
Created
|
09/04/07
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |