KNECQ Knight Energy Corp. featured news, full reports, and detailed charts
Knight Energy Corp. (KNECQ/KNECQ.PK) Wrap Up:
Knight Energy, Corp. engages in the acquisition, exploration, and development of natural gas and crude oil. It holds interest in approximately 2,200 acres located in Stephens County and Eastland County, Texas. Knight Energy also involves in the acquisition and operation of drilling rigs, gathering systems, and pipelines for natural gas and crude oil. The company is headquartered in Irving, Texas. On April 6, 2009, Knight Energy Corp., along with its affiliate Charles Hill Drilling, Inc., filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Northern District of Texas, Dallas.Knight Energy Corp. (KNECQ:OTC)
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Key developments for Knight Energy Corp. (KNECQ)
On 04/01/2009, Knight Energy Corp. announced that they will be unable to file their next 10-K by the deadline required by the SEC.
Knight Energy Corp. announced that it has successfully completed the initial well on its 104-acre 'Cozart' property in Eastland County, Texas. The well has been drilled, completed, and fractured in order to enhance production. Based on preliminary estimates, the Company believes that the well may have recoverable crude oil reserves of approximately 400,000 barrels. This is an estimate; actual results may vary significantly. Knight is in the process of bringing the well into production as quickly as possible.
Knight Energy Corp. announced earnings results for the third quarter, ended Sept. 30, 2008. For the period the company reported a net loss of $1.05 million. In contrast, the company posted a net loss of $414,983 for the same quarter in the previous year.
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More Recent News About Knight Energy Corp.
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KNIGHT ENERGY CORP. Financials
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KNIGHT ENERGY CORP. Files SEC form 8-K, Bankruptcy or Receivership
Show all filings for KNIGHT ENERGY CORP. | Request a Trial to NEW EDGAR Online Pro Form 8-K for KNIGHT ENERGY CORP. 8-Apr-2009Bankruptcy or Receivership Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended...Click here to read the whole Article (external link)
KNIGHT ENERGY CORP. Files SEC form 8-K, Bankruptcy or Receivership
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KNIGHT ENERGY CORP. Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
KNIGHT ENERGY CORP. Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
Show all filings for KNIGHT ENERGY CORP. | Request a Trial to NEW EDGAR Online Pro Form 8-K for KNIGHT ENERGY CORP. 22-Dec-2008Regulation FD Disclosure, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for i...Click here to read the whole Article (external link)
KNIGHT ENERGY CORP. Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS The following is a discussion of our financial condition, results of operations, liquidity and capital resources. This discussion should be read in conjunction with our unaudited financial statements and the notes thereto included elsewhere in this Form 10-Q and with our report on Form 10-KSB/A filed with the Securities and Exchange Commission (the "SEC") on April 3, 2008. Some of the statements under "Description of Business," "Risk Factors," "Management's Discussion and Analysis or Plan of Operation," and elsewhere in this Report and in our periodic filings with the SEC constitute forward-looking statements. These statements involve known and unknown risks, significant uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among other things, those listed under "Risk Factors" in our Form 10-KSB/A and elsewhere in this Report. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "intends," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of such terms or other comparable terminology. The forward-looking statements herein are based on current expectations that involve a number of risks and uncertainties. Such forward-looking statements are based on assumptions that we will obtain or have access to adequate financing for each successive phase of our growth, that there will be no material ...Click here to read the whole Article (external link)
KNIGHT ENERGY CORP. Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financial Ob
Item 1.01 Entry into a Material Definitive Agreement. On October 8, 2008 Knight Energy Corp. (the "Company") and HD Special-Situations, LP (the "Lender") entered into an Amendment to Note Purchase Agreement (the "Amended Agreement") amending the July 3, 2008 Note Purchase Agreement (the "July Agreement") between them. Under the Amended Agreement, the Company issued to the Lender a 15% Senior Secured Promissory Note (the "New Note") which replaced and superseded the 15% Senior Secured Promissory Notes, with aggregate face amounts of $4,000,000, that the Company had issued to the Lender through the May 20, 2008 Note Purchase Agreement (the "May Agreement") and the July Agreement. The principal amount of the New Note issued to the Lender is $4,250,000, which the Company is required to repay in full, and the maximum total funding available under the New Note is $4,000,000, for which the Company drew the final $610,350 on October 9, 2008. The Company is permitted to use the funds received under the New Note for (i) the purchase and subsequent refurbishment of two oil drilling rigs; (ii) continuation of its drilling and land acquisition programs; and (iii) general corporate purposes. The Lender secured the Company's obligations under the New Note with a first-priority security interest in the same assets with which it had secured the Company's obligations under the original 15% Senior Secured Promissory Notes. Those secured assets consist of all existing and later acquired assets owned by the Company, and all existing and later acquired assets owned by Charles Hill Drilling, Inc., a wholly-owned subsidiary of the Company. The New Note is due and payable on March 31, 2009, provided, however, that if an Event of Default occurs (as described below), fifty percent of the Company's and its subsidiaries' EBITDA (minus interest, mutually agreed-upon capital expenditures, cash taxes and principal payments made during such month to the Le...Click here to read the whole Article (external link)
