RVEP Rio Vista Energy Partners L.P. featured news, full reports, and detailed charts
Rio Vista Energy Partners L.P. (RVEP) Wrap Up:
Rio Vista Energy Partners L.P. and its consolidated subsidiaries (not including the General Partner) are hereinafter referred to as “Rio Vista”. When referring to Rio Vista and using phrases such as “we,” “our,” “us,” or the “Company,” our intent is to refer to Rio Vista and its consolidated subsidiaries as a whole or on a entity basis, depending on the context in which the statements are made. General Rio Vista Energy Partners L.P. (Rio Vista), a Delaware limited partnership, was formed by Penn Octane Corporation (Penn Octane) on July 10, 2003 and was a wholly owned subsidiary of Penn Octane until September 30, 2004, the date that Penn Octane completed a series of transactions that (i) transferred substantially all of its owned pipeline and terminal assets in Brownsville, Texas and Matamoros, Mexico and certain immaterial liabilities to Rio Vista Operating Partnership L.P. (RVOP), (ii) transferred Penn Octane’s 99. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f04%2f15%2f0001362310-08-001981.html#FIS_BUSINESS"Rio Vista Energy Partners LP (RVEP*(H):NASDAQ)
Snapshot of Rio Vista Energy Partners LP (RVEP)
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OPEN
$0.55
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PREVIOUS CLOSE
$0.58
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DAY HIGH
$0.55
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DAY LOW
$0.55
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52 WEEK HIGH
01/6/09 - $4.45
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52 WEEK LOW
08/3/09 - $0.25
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MARKET CAP
1.5M
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AVERAGE VOLUME 3 mo
22.5K
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DILUTED EPS TTM
--
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SHARES OUTSTANDING
2.8M
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RVEP Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
RVEP Top Compensated Officers
Executives, Board Directors
Key developments for Rio Vista Energy Partners LP (RVEP)
Rio Vista Energy Partners L.P. announced that it had received on September 28, 2009 a written Staff Determination from The NASDAQ Stock Markets Listing Qualifications Department stating that Rio Vistas plan of compliance with respect to Rio Vistas failure to comply with NASDAQs filing requirements for continued inclusion set forth in Listing Rule 5250(c)(1) (as previously reported in Rio Vistas Current Report filed on June 2, 2009), was denied. Therefore, Rio Vistas common units will be delisted from the NASDAQ Capital Market at the opening of business on October 9, 2009, unless Rio Vista requests an appeal of the Staff Determination by 4:00 p.m. Eastern Time on October 7, 2009 (Appeal). The Appeal would be made before a NASDAQ Listing Qualifications Panel (the Hearing Panel). A timely request for the Appeal will stay the delisting for 15 calendar days. Rio Vista may request a further stay until the Appeal which the Hearing Panel must approve (Additional Stay). There can be no assurance that the Hearing Panel would grant Rio Vistas request for the Additional Stay and/or Rio Vistas request for continued listing in connection with the Appeal. An adverse determination by the Hearing Panel on Rio Vistas request for the Additional Stay and/or the Appeal would result in immediate delisting, whether or not Rio Vista further appeals the decisions of the Hearing Panel. If Rio Vistas common units are delisted from the NASDAQ Capital Market, Rio Vista would be required to file all required reports with the Securities and Exchange Commission and Rio Vista expects that its common units will trade in the Pink Sheets through a market maker. Delisting by NASDAQ may result in decreased market interest in Rio Vistas common units, investors and unit holders may experience more difficulty in buying and selling Rio Vista common units, and Rio Vistas unit price may decline.
Rio Vista Energy Partners L.P. announced that it received on September 16, 2009 written notification from The NASDAQ Stock Markets Listing Qualification Department stating that, for the last 30 consecutive business days, the closing bid price of Rio Vistas common units has been below the minimum $1.00 per share requirement for continued inclusion under Marketplace Rule 5550(a)(2). In accordance with Marketplace Rule 5810(c)(3)(A), Rio Vista will be provided with 180 calendar days, or until March 15, 2010, to regain compliance. If at any time before March 15, 2010, the bid price of Rio Vistas common units closes at $1.00 per share or more for a minimum of 10 consecutive business days, NASDAQ staff will provide written notification that Rio Vista complies with the Rule. If compliance with the Rule cannot be demonstrated by March 15, 2010, NASDAQ will issue Rio Vista written notification that its common units are subject to delisting. Rio Vista will also be entitled to an additional 180 calendar day compliance period if Rio Vista can demonstrate that it meets the initial listing standards, with the exception of the Rule, for The NASDAQ Capital Market.
Rio Vista Energy Partners LP announced that it had received on August 18, 2009 a letter from the NASDAQ Stock Market staff indicating that since NASDAQ did not receive Rio Vistas Report on Form 10-Q for the period ended June 30, 2009 (June 2009 Delinquent Filing), Rio Vista was not in compliance with NASDAQ Listing Rule 5250(c)(1) for continued listing on The NASDAQ Capital Market. Rio Vista previously disclosed in its Current Report on Form 8-K filed on August 17, 2009 that the filing of its June 30, 2009 Form 10-Q was going to be delayed. As previously reported, NASDAQ has informed Rio Vista that it is delinquent in connection with Rio Vistas March 31, 2009 Form 10-Q (Initial Delinquent Filing) and NASDAQ is currently reviewing Rio Vistas plan to regain compliance with the Initial Delinquent Filing (March 2009 Plan). If the March 2009 Plan is accepted by NASDAQ, NASDAQ may grant Rio Vista an extension until November 11, 2009, to satisfy the deficiencies in the Initial Delinquent Filing. In connection with the June 2009 Delinquent Filing, NASDAQ has provided Rio Vista until October 19, 2009 to submit its plan to regain compliance (June 2009 Plan) and if the June 2009 Plan is approved, NASDAQ may provide an extension of up to 180 calendar days from the due date of the Initial Delinquent Filing, or November 11, 2009.
RVEP Competitors
| Company | Last | Change | |
| No competitor information is available for RVEP. | |||
| Market data is delayed at least 20 minutes. | |||
Industry Analysis
| Valuation | RVEP | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.1x |
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| Price/Book | 0.3x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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RVEP |
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RVEP transactions
| Type Date |
Target |
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Merger/Acquisition
July 29, 2009 |
Regional Enterprises, Inc. |
More Recent News About Rio Vista Energy Partners L.P.
More news for RVEP
Rio Vista Energy Partners L.P. Receives Notice of Non-Compliance From Nasdaq
BROWNSVILLE, Texas--(BUSINESS WIRE)--Rio Vista Energy Partners L.P. (NASDAQ: RVEP - News), an energy services master limited partnership, announced today that it had received on August 18, 2009 a letter from the Nasdaq Stock Market (“Nasdaqâ€) staff indicating that since Nasdaq did not receive Rio Vista’s Report on Form 10-Q for the period ended June 30, 2009 (June 2009 Delinquent Filing), Rio Vista was not in compliance with Nasdaq Listing Rule 5250(c)(1) for continued listing on The Nasdaq Capital Market. Rio Vista previously disclosed in its Current Report on Form 8-K filed on August 17, 2009 that the filing of its June 30, 2009 Form 10-Q was going to be delayed. As previously reported, Nasdaq has informed Rio Vista that it is delinquent in connection with Rio Vista’s March 31, 2009 Form 10-Q (Initial Delinquent Filing) and Nasdaq is currently reviewing Rio Vista’s plan to regain compliance with the Initial Delinquent Filing (March 2009 Plan). If the March 2009 Plan is accepted by Nasdaq, Nasdaq may grant Rio Vista an extension until November 11, 2009, to satisfy the deficiencies in the Initial Delinquent Filing. In connection with the June 2009 Delinquent Filing, Nasdaq has provided Rio Vista until October 19, 2009 to submit its plan to regain compliance (June 2009 Plan) and if the June 2009 Plan is approved, Nasdaq may provide an extension of up to 180 calendar days from t...Click here to read the whole Article (external link)
RIO VISTA ENERGY PARTNERS LP Files SEC form 8-K, Other Events, Financial Statements and Exhibits
Item 8.01. Other Events On August 14, 2009, Rio Vista Energy Partners L.P. (Rio Vista) issued a press release (see Item 9.01 below) announcing that it will not file its Form 10-Q for the quarter ended June 30, 2009 with the Securities and Exchange Commission by the required due date of August 14, 2009. As previously disclosed, Rio Vista's March 31, 2009 Form 10-Q was filed without the review of Rio Vista's independent auditors (Auditors) of those financial statements. Rio Vista intends to have the March 31, 2009 financial statements subsequently reviewed by its Auditors (see below). However, due to Rio Vista's continued cash flow constraints, Rio Vista has been unable to satisfy the outstanding amounts owed to the Auditors for prior work performed and accordingly the Auditors have not yet commenced their review of the March 31, 2009 financial information. The Auditors have not made any review of the June 30, 2009 quarterly financial information. As previously disclosed in Rio Vista's Current Report on Form 8-K filed June 19, 2009, Rio Vista and its wholly owned subsidiary Regional Enterprises Inc. (Regional) completed the restructuring of a $5.0 million promissory note which was previously due. In addition, as described in Rio Vista's Current Report on Form 8-K filed on June 2, 2009, Rio Vista completed the settlement of obligations owed under the TCW Credit Facility in connection with the Oklahoma assets. Furthermore, on August 11, 2009, Rio Vista filed a Current Report on form 8-K in connection with the letter of intent (LOI) to sell Regional, its sole operating asset. As disclosed in Rio Vista's Current Report filed on August 11, 2009, in the event that the sale of Regional takes place as prescribed in the LOI, Rio Vista believes that the amount of cash received from the sale will be sufficient for Rio Vista to satisfy all of its currently outstanding obligations. Rio Vista would no longer have any operating assets and Rio Vista estimates it would have minimal remaining cash. Rio Vista...Click here to read the whole Article (external link)
RIO VISTA ENERGY PARTNERS LP Files SEC form 8-K, Other Events, Financial Statements and Exhibits
Item 8.01. Other Events On August 10, 2009, Rio Vista Energy Partners L.P. (Rio Vista) issued a press release (see Item 9.01 below) regarding the entering into a non-binding letter of intent (LOI) on July 29, 2009 to sell its wholly-owned subsidiary, Regional Enterprises Inc. (Regional) to an undisclosed buyer (Buyer). Under the terms of the LOI, the purchase price for Buyer to acquire 100% of the outstanding stock of Regional held by Rio Vista will be $5,000,000, less certain adjustments as described in the LOI and less deposits of $250,000 received from Buyer in connection with the LOI. Buyer will assume all the obligations of Regional, except for obligations of Regional to Rio Vista and/or any of its affiliates, totaling approximately $2,500,000 at June 30, 2009 (Affiliate Obligations) for which a portion of the purchase price will be applied for payment of the Affiliate Obligations by Regional at closing. The closing is to occur no later than September 28, 2009, unless extended as a result of permitted delays as prescribed in the LOI (Permitted Delays). The Permitted Delays generally consist of Rio Vista's requirement to deliver financial statements of Regional to Buyer by August 21, 2009, Rio Vista's decision to seek a satisfactory fairness opinion for the transaction, Rio Vista's decision to seek the necessary unitholder approval for the transaction, delays associated with Regional's collateralized lender to approve and finalize the required consent for Buyer to assume such obligation, and/or any other condition which Rio Vista believes is required to consummate the transaction. The LOI is non-binding and an actual closing as prescribed in the LOI is subject to many conditions and uncertainties related to both Buyer and/or Rio Vista. In the event that the sale of Regional takes place as prescribed in the LOI, Rio Vista believes that the amount of cash received from Buyer will be sufficient for Rio Vista to satisfy all of its obligations to its creditors. Upon the sale of Regional to...Click here to read the whole Article (external link)
RIO VISTA ENERGY PARTNERS LP Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and
Item 1.01. Entry into a Material Definitive Agreement. Effective June 16, 2009, Rio Vista Energy Partners L.P.("Rio Vista") and its wholly-owned subsidiary, Regional Enterprises Inc. ("Regional") entered into a Sixth Amendment, Assumption of Obligations and Release Agreement with RZB Finance LLC ("RZB") (the "Sixth Amendment"), dated June 15, 2009, in connection with the original Loan Agreement between Rio Vista and RZB dated as of July 26, 2007 (as amended, supplemented or otherwise modified from time to time prior to the date hereof, the "Loan Agreement") issued in connection with Rio Vista's purchase of Regional on July 27, 2007. The Loan Agreement matured on April 30, 2009 and Rio Vista did not repay the principal and accrued interest thereunder. Prior to closing of the Sixth Amendment, there was an outstanding principal balance of $4,000,000 plus accrued interest due under the Loan Agreement. Under the terms of the Sixth Amendment, (i) Regional assumed all of the obligations under the Loan Agreement and Rio Vista was released from all such obligations (except in respect of the Pledge Agreement, the Assignment of Agreement, and the Escrow Agreement, as defined under the Sixth Amendment), (ii) Penn Octane Corporation ("POC") and Rio Vista Operating Partnership LP ("RVOP") were released as guarantors of the obligations under the Loan Agreement, (iii) POC and RVOP were released from their obligations under their respective security agreements delivered in connection with the Loan Agreement (but in respect of Rio Vista, excluding the Pledge Agreement, the Assignment of Agreement, and the Escrow Agreement) and were released from their liens granted thereunder, and (iv) Rio Vista Operating GP LLC was released from its obligations under the agreement of subordination and assignment to which it was a party. In addition, under the terms of the Sixth Amendment, RZB loaned Regional an additional $250,000, which proceeds were u...Click here to read the whole Article (external link)
Rio Vista Energy Partners L.P. Receives Nasdaq Notice of Minimum Bid Price Non-Compliance
BROWNSVILLE, Texas--(BUSINESS WIRE)--Rio Vista Energy Partners L.P. (NASDAQ: RVEP - News), an energy services master limited partnership, announced today that it received on September 16, 2009 written notification from The Nasdaq Stock Market’s Listing Qualification Department stating that, for the last 30 consecutive business days, the closing bid price of Rio Vista’s common units has been below the minimum $1.00 per share requirement for continued inclusion under Marketplace Rule 5550(a)(2) (the “Ruleâ€). In accordance with Marketplace Rule 5810(c)(3)(A), Rio Vista will be provided with 180 calendar days, or until March 15, 2010, to regain compliance. If at any time before March 15, 2010, the bid price of Rio Vista’s common units closes at $1.00 per share or more for a minimum of 10 consecutive business days, Nasdaq staff will provide written notification that Rio Vista complies with the Rule. If compliance with the Rule cannot be demonstrated by March 15, 2010, Nasdaq will issue Rio Vista written notification that its common units are subject to delisting. Rio Vista will also be entitled to an additional 180 calendar day compliance period if Rio Vista can demonstrate that it meets the initial listing standards, with the exception of the Rule, for The Nasdaq Capital Market. About Rio Vista Energy Partners L.P.Rio Vista is a master limited partnership engaged in liqui...Click here to read the whole Article (external link)
RIO VISTA ENERGY PARTNERS LP Files SEC form 8-K, Notice of Delisting or Failure to Satisfy a Continued Listing Rule o
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing On August 18, 2009, Rio Vista Energy Partners L.P. ("Rio Vista") received a letter from the Nasdaq Stock Market ("Nasdaq") staff indicating that since Nasdaq did not receive Rio Vista's Report on Form 10-Q for the period ended June 30, 2009 (June 2009 Delinquent Filing), Rio Vista was not in compliance with Nasdaq Listing Rule 5250(c)(1) for continued listing on The Nasdaq Capital Market. Rio Vista previously disclosed in its Current Report on Form 8-K filed on August 17, 2009 that the filing of its June 30, 2009 Form 10-Q was going to be delayed. As previously reported, Nasdaq has informed Rio Vista that it is delinquent in connection with Rio Vista's March 31, 2009 Form 10-Q (Initial Delinquent Filing) and Nasdaq is currently reviewing Rio Vista's plan to regain compliance with the Initial Delinquent Filing (March 2009 Plan). If the March 2009 Plan is accepted by Nasdaq, Nasdaq may grant Rio Vista an extension until November 11, 2009, to satisfy the deficiencies in the Initial Delinquent Filing. In connection with the June 2009 Delinquent Filing, Nasdaq has provided Rio Vista until October 19, 2009 to submit its plan to regain compliance (June 2009 Plan) and if the June 2009 Plan is approved, Nasdaq may provide an extension of up to 180 calendar days from the due date of the Initial Delinquent Filing, or November 11, 2009. ...Click here to read the whole Article (external link)
RIO VISTA ENERGY PARTNERS LP Files SEC form 8-K, Notice of Delisting or Failure to Satisfy a Continued Listing Rule o
Show all filings for RIO VISTA ENERGY PARTNERS LP | Request a Trial to NEW EDGAR Online Pro Form 8-K for RIO VISTA ENERGY PARTNERS LP 2-Oct-2009Notice of Delisting or Failure to Satisfy a Continued Listing Rule o 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 informat...Click here to read the whole Article (external link)
Rio Vista Energy Partners L.P. Receives Listing Determination Letter
BROWNSVILLE, Texas--(BUSINESS WIRE)--Rio Vista Energy Partners L.P. (NASDAQ: RVEP - News), an energy services master limited partnership, announced today that it had received on September 28, 2009 a written Staff Determination (“Staff Determinationâ€) from The Nasdaq Stock Market’s Listing Qualifications Department stating that Rio Vista’s plan of compliance with respect to Rio Vista’s failure to comply with Nasdaq’s filing requirements for continued inclusion set forth in Listing Rule 5250(c)(1) (as previously reported in Rio Vista’s Current Report filed on June 2, 2009), was denied. Therefore, Rio Vista’s common units will be delisted from the NASDAQ Capital Market at the opening of business on October 9, 2009, unless Rio Vista requests an appeal of the Staff Determination by 4:00 p.m. Eastern Time on October 7, 2009 (“Appealâ€). The Appeal would be made before a Nasdaq Listing Qualifications Panel (the “Hearing Panelâ€). A timely request for the Appeal will stay the delisting for 15 calendar days. Rio Vista may request a further stay until the Appeal which the Hearing Panel must approve (Additional Stay). There can be no assurance that the Hearing Panel would grant Rio Vista’s request for the Additional Stay and/or Rio Vista’s request for continued listing in connection with the Appeal. An adverse determination by the Hearing...Click here to read the whole Article (external link)
RIO VISTA ENERGY PARTNERS LP Files SEC form 8-K, Notice of Delisting or Failure to Satisfy a Continued Listing Rule o
Show all filings for RIO VISTA ENERGY PARTNERS LP | Request a Trial to NEW EDGAR Online Pro Form 8-K for RIO VISTA ENERGY PARTNERS LP 18-Sep-2009Notice of Delisting or Failure to Satisfy a Continued Listing Rule o 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 informa...Click here to read the whole Article (external link)
Rio Vista shares close to delisting
ONLINE: home | business news | small business | sales & marketing | real estate | events | community | careers | city guide | advertise | about us | rss PRINT: subscribe | renew | advertise | book of lists | business intelligence | classifieds | view digital edition | ...Click here to read the whole Article (external link)