SNRV Sun River Energy, Inc. featured news, full reports, and detailed charts
Sun River Energy, Inc. (SNRV/SNRV.OB) Wrap Up:
Sun River Energy, Inc., an independent energy company, engages in the exploration of oil and gas properties in North America. Sun River Energy is based in Wheat Ridge, Colorado.www.sunriverenergy.com
Sun River Energy, Inc. (SNRV:OTC Bulletin Board Market)
LAST $1.50 USD
CHANGE TODAY -0.35 -18.92%
VOLUME 22.3K
As of 3:59 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Sun River Energy, Inc. (SNRV)
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OPEN
$1.75
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PREVIOUS CLOSE
$1.85
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DAY HIGH
$1.75
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DAY LOW
$1.50
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52 WEEK HIGH
09/30/09 - $2.73
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52 WEEK LOW
02/18/09 - $0.30
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MARKET CAP
26.3M
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AVERAGE VOLUME 3 mo
851.0
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DILUTED EPS TTM
--
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SHARES OUTSTANDING
17.5M
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SNRV Does Not Pay Dividends
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P/E TTM
NM
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SNRV Top Compensated Officers
Mr. Redgie Green
Chief Executive Officer, Principal Accounting...
Age: 54
Total Annual Compensation: --
Executives, Board Directors
Compensation as of Fiscal Year 2009.
Key developments for Sun River Energy, Inc. (SNRV)
Sun River Energy Inc. Announces Management and Board Appointments
10/21/2009
Sun River Energy Inc. announced the addition of three outstanding members to its nascent management team. The Board of Directors have appointed Joe Kelloff as COO of Sun River Energy Inc. Joe Kelloff is highly experienced in drilling and production in the oil and gas industry with extensive experience in Rocky Mountain exploration and production. He was a Director of Western Production at Petroleum Development Corporation from 2006 to 2008. Mr. Kelloff, as COO, will coordinate with the company's President, Mr. Jay Leaver, the exploration of both of Sun River's existing prospects as well as seeking new projects in the Rocky Mountain Region. The company also announced that Mr. Jim Sullivan, a member of the Advisory Board of Sun River, has been appointed Vice President of Land Management and will coordinate acquisition/leasing of mineral prospects and acquisition negotiations. Mr. Sullivan has over 35 years of experience in all phases of oil and gas land work, which has included both domestic and offshore projects. He began providing independent land brokerage services in 1978 and currently owns Energy West Corporation. The company also announced that Mr. Erwin Single has been appointed to the Advisory Board. Mr. Single was employed 15 years with Shell Oil Company, advancing in technical and management capacities to the level of Division Geologist where he was responsible for all geological activities in the Rocky Mountain Region with a staff of 50 people.
District Court Denies Sun River Energy's Notion to Compel LPC Investments to Deliver Disputed Shares
10/14/2009
On September 24, 2009, LPC Investments, LLC filed suit in the District Court of Jefferson County, Colorado against Sun River Energy Inc. Among other things, the suit asks that the Court issue a declaratory judgment in requesting that 2.2 million shares previously purchased by LPC Investments are indeed owned by LPC Investments, and to direct the Company to co-operate with LPC Investment's outstanding legend removal requests submitted to the Company's transfer agent by LPC Investments. LPC Investments is also seeking payment of attorney fees and costs. In that same litigation, on October 2, 2009, the Company filed Counterclaims and Third Party Claims in the District Court of Jefferson County, Colorado against LPC Investments and Kevin Paul. The claims and the relief sought by the Company are substantially similar to the claims and relief previously sought in the Douglas County litigation. Following a hearing on October 9, 2009, the District Court denied the Company's notion to compel LPC Investments to deliver the Disputed Shares to the Company, and issued findings relating to an option contract that existed between the Company and LPC Investments. Among other things, the Court found that the Company was in material breach of the contract as March 1, 2009 and that a material breach deprives the breaching part of the right to demand performance from the other party.
Sun River Energy Inc. Appoints Jay Leaver as President
09/25/2009
Sun River Energy Inc. announced that the Board of Directors have appointed Jay Leaver as President. Jay Leaver is a highly experienced explorationist in the oil and gas industry with extensive experience in Rocky Mountain exploration and production. Mr. Leaver is a member of the American Association of Petroleum Geologists and the Society of Exploration Geophysicists. He is currently Secretary of the local AAPG Section, the Rocky Mountain Association of Geologists.
SNRV Competitors
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Industry Analysis
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More Recent News About Sun River Energy, Inc.
More news for SNRV
SUN RIVER ENERGY, INC Files SEC form 8-K, Change in Directors or Principal Officers, Regulation FD Disclosure, Other
ITEM 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Appointment of Chief Operating Officer On October 20, 2009, Mr. Joe Kelloff was appointed the Chief Operating Officer of Sun River Energy, Inc. ("the Company"). As part of Mr. Kelloff's appointment as the Chief Operating Officer of the Company, he has entered into a Consultant Engagement Agreement ("Engagement Agreement"), effective November 1, 2009. As part of the Engagement Agreement, Mr. Kelloff's services as Chief Operating Officer are engaged on a consultant basis, rather than an employment basis. In return for his services in the development and operations of the Company's oil and gas exploration projects, Mr. Kelloff will receive a cash fee of $8,333 per month. As part of the signing of the Engagement Agreement, Mr. Kelloff is to be issued 30,000 shares of the Company's restricted common stock upon the signing of the Contract and each quarter thereafter, Mr. Kelloff is to receive 15,000 shares of restricted common stock, contingent upon the continuation of the Engagement Agreement for a term of at least 6 months. The Engagement Agreement has a term of 6 months and if not terminated at that time by either the Company or Mr. Kelloff, shall renew annually until termination by either party. In May 1994, Mr. Kelloff received his Bachelor of Science in Petroleum Engineering from the Colorado School of Mines. He has been a member of the Society of Petroleum Engineers since 1992 and has been a member of CM Production, LLC's Board of Advisors since 2008. From 1994 to 2000, Mr. Kelloff held several positions with Mobile Exploration and Producing U.S., Inc. where from 1994 to 1997, he worked as a Production Engineer and from 1996 to 1997, he worked as a Business Analyst. In addition, whi...Click here to read the whole Article (external link)
Sun River Energy, Inc. Announces Additions to Its Staff and Advisors
WHEAT RIDGE, Colo., Oct. 21 /PRNewswire-FirstCall/ -- Sun River Energy, Inc. (OTC Bulletin Board: SNRV - News) is pleased to announce the addition of three outstanding members to its nascent management team. With these additions, the company is taking a significant step forward along its plan to become a major player in oil and gas exploration and production in the Rockies. The company's plan hinges on developing business assets through successful exploration, rather than production purchases. "Typically, the only upside in purchasing an existing field occurs if prices rise faster than the seller thinks they will, or if the buyer has significantly better operational costs. In both cases, gains tend to be marginal compared to being the company in control of a major new discovery" according to Mr. Jay Leaver, President of Sun River. Sun River is pleased to announce that the Board of Directors have appointed Joe Kelloff as COO of Sun River Energy, Inc. Joe Kelloff is highly experienced in drilling and production in the oil and gas industry with extensive experience in Rocky Mountain exploration and production.In May 1994, Mr. Kelloff received his Bachelor of Science in Petroleum Engineering from the Colorado School of Mines. He has been a member of the Society of Petroleum Engineers since 1992 and has been a member of CM Production, LLC's Board of Advisors since 2008.From 1994 to 2000, Mr. Kelloff held several positions with Mobile Exploration and Producing U.S., Inc. where from 1994 to 1997, he worked as a Prod...Click here to read the whole Article (external link)
SUN RIVER ENERGY, INC Files SEC form 8-K, Other Events
Show all filings for SUN RIVER ENERGY, INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for SUN RIVER ENERGY, INC 14-Oct-2009Other Events 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 for trad...Click here to read the whole Article (external link)
SUN RIVER ENERGY, INC Files SEC form 8-K, Other Events
ITEM 8.01 - OTHER EVENTS Litigation On September 24, 2009, Sun River Energy, Inc. (the Company), filed suit in the District Court of Douglas County, Colorado against LPC Investments, LLC (LPC Investments) and its manager, Kevin Paul, asserting various claims, including breach of contract and common law fraud. The suit alleged, among other things that in October 2008, LPC Investments and Mr. Paul made false and misleading representations in requesting the removal of the restrictive legend on 150,000 shares of the Company's common stock comprising a portion of 2.2 million shares previouly purchased by LPC Investments (the Disputed Shares). According to the suit, in November 2008, LPC Investments exercised its option to convert the Disputed Shares into debt, thereby creating a valid contract. However, LPC Investments later breached the contract by refusing to deliver any of the Disputed Shares to the Company and selling 150,000 of the Disputed Shares. The Company asked the District Court of Douglas County to compel LPC Investments to deliver the Disputed Shares to the Company. The Company also sought payment of attorney fees and costs. To avoid litigating the same dispute in two different courts, on October 1, 2009, the Company filed a motion to dismiss the matter and instead filed a Counterclaims and Third Party Claims in the District Court of Jefferson County, Colorado as discussed below. On September 24, 2009, LPC Investments filed suit in the District Court of Jefferson County, Colorado against the Company. Among other things, the suit asks that Court to issue a declaratory judgment that the Disputed Shares are indeed owned by LPC Investments, and to direct the Company co-operate with LPC Investment's outstanding legend removal requests submitted to the Company's transfer agent by LPC Investments. LPC Investments is also seeking payment of attorney fees and costs. In that same litigation...Click here to read the whole Article (external link)
SUN RIVER ENERGY, INC Files SEC form 8-K, Other Events
ITEM 8.01 - OTHER EVENTS Litigation On April 2007, Sun River Energy, Inc. (the "Company") sold 2,200,0000 shares of its restricted common stock ("Disputed Shares") to LPC Investments, LLC ("LPC Investments") in exchange for $1,100,0000. In November 2007, the Company entered into a unsecured 8.75% promissory note. On December 12, 2008, LPC Investments filed a lawsuit, in the Jefferson County District Court, against the Company. The lawsuit alleged a breach of contract against the Company in connection with the payment of an unsecured, 8.75% promissory note and conversion of the 2,200,000 shares into a preferred note. LPC Investments sought not only payment of the unsecured, 8.75% promissory note and accrued interest but also attorney fees. A payment of $70,000 has been made on the promissory note. On August 18, 2009, the Jefferson County District Court granted the Motion to Dismiss filed by LPC Investments in July 2009. The case has been dismissed without prejudice and all claims against the Company have been dropped, however LPC Investments has not withdrawn its conversion notice and demand. Therefore, the Company has recorded a $400,000 litigation liability in connection with the conversion notice and demand. On September 24, 2009, the Company, filed suit in the District Court of Douglas County, Colorado against LPC Investments and its manager, Kevin Paul, asserting various claims, including breach of contract and common law fraud. The suit alleges, among other things that in October 2008 LPC Investments and Mr. Paul made false and misleading representations in requesting the removal of the restrictive legend on 150,000 of the Disputed Shares in October 2008, which were later sold, and that LPC breached an option contract created in November 2008, under which LPC was required to deliver the Disputed Shares to the Company. The Company is asking the District Court of Douglas County to...Click here to read the whole Article (external link)
SUN RIVER ENERGY, INC 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)
Sun River Energy Names Jay Leaver as President
WHEAT RIDGE, Colo., Sept. 25 /PRNewswire-FirstCall/ -- Sun River Energy, Inc. (OTC Bulletin Board: SNRV - News) is pleased to announce that the Board of Directors have appointed Jay Leaver as President of Sun River Energy, Inc. Jay Leaver is a highly experienced explorationist in the oil and gas industry with extensive experience in Rocky Mountain exploration and production.Mr. Leaver received his B.S. degree in Geological Engineering from the Colorado School of Mines in 1986. His initial work as an exploration geologist included projects in the Sedgewick, Powder River, Sacramento, Illinois, Appalachian, and Anadarko basins. His work included mapping, economic analyses and geophysical modeling. He later worked for a mining company, where he was responsible for maintaining drillhole databases and assisting in the development of geological models for precious metal deposits. He has been working for Thomasson Partners Associates, Inc. (TPA) for last nineteen years on prospect development in the Rocky Mountain region, and in the Appalachian, Michigan, and Illinois Basins. Additionally, he has worked on projects in New Zealand and Australia.Mr. Leaver has wide-ranging familiarity with gravity, magnetic, surface geochemical, digital elevation model, surface linear, and petrophysical data. He has specialized in integrating these data sets with standard subsurface and 2D and 3D seismic data sets. This synthesis of different data types has often yielded insight into the mechanisms of hydrocarbon entrapment in a pla...Click here to read the whole Article (external link)
SUN RIVER ENERGY, INC Files SEC form 8-K, Change in Directors or Principal Officers, Regulation FD Disclosure, Financ
ITEM 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Resignation of President On September 23, 2009, Mr. Redgie Green, the Chief Executive Officer, President and Director of Sun River Energy, Inc. ("the Company") resigned his position as the President of the Company. Mr. Green will remain as the Chief Executive Officer and Director of the Company. Appointment of President On September 23, 2009, Mr. Jay Leaver was appointed the President of Sun River Energy, Inc. Prior to his appointment as the President of the Company, Mr. Leaver has served as a consultant to the Company and sits on the Advisory Board to the Board of Directors of the Company. As part of Mr. Leaver's appointment as the President of the Company, he has entered into a Consultant Engagement Agreement ("Engagement Agreement"), effective October 1, 2009. As part of the Engagement Agreement, Mr. Leaver's services as President are engaged on a consultant basis, rather than an employment basis. In return for his services in the development and operations of the Company's oil and gas exploration projects, Mr. Leaver will receive a cash fee of $6,000 per month. As part of the signing of the Engagement Agreement, Mr. Leaver is to be issued 10,000 shares of the Company's restricted common stock upon the signing of the Contract and each quarter thereafter, Mr. Leaver is to receive 10,000 shares of restricted common stock, contingent upon the continuation of the Engagement Agreement for a term of at least 6 months. Prior to the signing on the Engagement Agreement, in July 2009, Mr. Leaver had been issued 35,000 shares of the Company's restricted common stock under a then existing Corporate Advisor Agreement. The Corporate Advisor Agreement has been superseded by the Engagement Agreement. The E...Click here to read the whole Article (external link)
SUN RIVER ENERGY, INC Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. The following discussion should be read in conjunction with our unaudited financial statements and notes thereto included herein. In connection with, and because we desire to take advantage of, the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, we caution readers regarding certain forward looking statements in the following discussion and elsewhere in this report and in any other statement made by, or on our behalf, whether or not in future filings with the Securities and Exchange Commission. Forward-looking statements are statements not based on historical information and which relate to future operations, strategies, financial results or other developments. Forward looking statements are necessarily based upon estimates and assumptions that are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control and many of which, with respect to future business decisions, are subject to change. These uncertainties and contingencies can affect actual results and could cause actual results to differ materially from those expressed in any forward looking statements. The independent registered public accounting firm's report on the Company's financial statements as of April 30, 2009, and for each of the years in the two-year period then ended, includes a "going concern" explanatory paragraph that describes substantial doubt about the Company's ability to continue as a going concern. Management's plans in regard to the factors prompting the explanatory paragraph are discussed below and also in Note 1 to the unaudited quarterly financial statements. OVERVIEW The Company had no revenues during the three months ended July 31, 2009. The Company has minimal capital and minimal cash...Click here to read the whole Article (external link)
SUN RIVER ENERGY, INC Files SEC form 8-K, Other Events
Show all filings for SUN RIVER ENERGY, INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for SUN RIVER ENERGY, INC 19-Aug-2009Other Events 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 for trad...Click here to read the whole Article (external link)
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