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When does the 10K come out again? I seem to remember April 15th being mentioned. Is that right? THANKS
Ridiculous volume
5 away from 500 boardmarks EOM
10K more at .725 EOM
25K at .725 weeeee EOM
DPDW is ramping up production and subsequently their revenues.
Sorry I couldn't resist
Any ideas when earnings come out next? EOM
There'd be a better chance of green if it wasn't released days before the market opens again
What's with the timing of this PR? After hours on a Friday?
Form 14C to be filed this week
Should see a name and symbol change this week...
The Company plans to change its name from “Apollo Drilling, Inc.” to “Roan Resources, Inc.”, and plans to file a preliminary 14C information statement to this effect within 30 days from the date of this filing.
The filing was on Nov. 21 so should see a name change and form 14C by December 21 which is Friday.
And perhaps an elimination of the online trading restriction from some providers
Perhaps much of the buyback will commence when the company changes its name to Roan Resources within the next two weeks.
Bid uptick lol 1.191X1.20 EOM
The Company plans to change its name from “Apollo Drilling, Inc.” to “Roan Resources, Inc.”, and plans to file a preliminary 14C information statement to this effect within 30 days from the date of this filing.
The filing was on Nov. 21 so should see a name change and form 14C by December 21 or 16 days from now.
50K below the bid? then ask upticks... ?
Huge blocks 10K and 13K eom
And he bought at 63% higher than today's closing price
Form 4 filed today...
Dennis bought 300K shares of common stock at .026 on 11/28/2007
http://www.sec.gov/Archives/edgar/data/1285248/000120919107067275/xslF345X02/doc4.xml
Additionally, on November 21, 2007, the Company’s Board of Directors authorized a stock repurchase program of up to thirty million (30,000,000) issued and outstanding shares of the Company's common stock for a period of 6 months ending May 31, 2008, commencing on Monday, December 3, 2007.
plus the short covering... huge short
buyback starts MONDAY eom
Excited to see where some million volume days can get us with the buyback starting Monday... also the new attention generated by the name change
1.28X1.30 EOM
You guys think we'll get a symbol change with the name change to Roan Resources Inc?
WOW eom
Close .028 Volume 894K - can't wait til the squeeze when the company starts buying millions of shares
Hopefully will force short cover and squeeze... short over 1.9 mil right?
.025X.028 EOM
Anyone know what the short is now? I recall it was 1.9 mil not too long ago... Ready for this buyback to commence!
Ok I must've lost connection for a moment so it didn't show up on my tape...
Just got filled but it's not showing up on the ticker? EOM
My bid as at their ask .029 EOM
18K AON at .029 nothing
Not being filled at .029 EOM
Are the shares being bought back on the open market? How can there be a 30 mil buyback with only 18 mil float?
Think we'll get a symbol change with the name change?
The Company plans to change its name from “Apollo Drilling, Inc.” to “Roan Resources, Inc.”, and plans to file a preliminary 14C information statement to this effect within 30 days from the date of this filing.
From the 8K
On November 21, 2007, the Board of Directors of the Apollo Drilling, Inc. (the “Company”) determined a new strategy for the Company and a related series of planned changes.
The Company’s parent, Apollo Resources, Inc., is in the process of conveying its 1,500 mile system of out of service pipelines throughout northeastern Oklahoma into the Company in exchange for a promissory note. The pipelines extend through areas that have the potential for natural gas development. The Company plans to utilize these lines in conjunction with a mineral lease acquisition program whereby new natural gas production can be developed in close proximity to the pipelines. Certain portions of the pipelines can then be brought into service for transportation of the natural gas to wholesale markets. This strategy would open up previously stranded production potential.
As part of this plan, the Company is in the process of acquiring certain mineral leases in northeastern Oklahoma. The Company has acquired an initial 40 acres in Creek County, Oklahoma with minimal existing production of oil and natural gas. The Company is currently re-completing certain wells for enhanced natural gas production and is applying a new gas compression technology in this field for further enhancement. The Company has an option to lease an additional 120 acres adjacent to this field, and will also own approximately 2,500 acres of mineral leases in Rogers County, Oklahoma in close proximity to its pipeline system by virtue of a conveyance from Apollo Resources. New production development in these fields is scheduled to commence the first quarter of 2008.
The Company plans to change its name from “Apollo Drilling, Inc.” to “Roan Resources, Inc.”, and plans to file a preliminary 14C information statement to this effect within 30 days from the date of this filing.
Additionally, on November 21, 2007, the Company’s Board of Directors authorized a stock repurchase program of up to thirty million (30,000,000) issued and outstanding shares of the Company's common stock for a period of 6 months ending May 31, 2008, commencing on Monday, December 3, 2007.
The Company's repurchase of its shares under the program will be made from time to time during the 6 month period, at the sole discretion of the Company's management after consideration of relevant factors such as the historical and current market price of the stock, the nature of other investment opportunities or growth projects, available cash flows from the Company's operations, general economic conditions and other factors deemed appropriate. The program does not obligate the Company to acquire any specific
number of shares and may be modified, suspended, extended or terminated for any reason at any time without prior notice.
The Company’s Board of Directors and executive management is comprised as follows:
Jeff Raley – Chairman, CEO, CFO
Dennis McLaughlin, Director
20K blocks going through at .022