Escalera Resources Co. announced today its intention to voluntarily delist its common stock from The Nasdaq Stock Market due to the Company's non-compliance with the minimum stockholders' equity and closing bid requirements for continued listing on the Nasdaq Capital Market. On August 20, 2015, the Company received a non-compliance letter from [...]
Escalera Resources Co. announced today that, effective July 31, 2015, the borrowing base under its credit facility has been decreased from $50 million to $44 million in connection with the Company's regularly scheduled semi-annual redetermination by its lenders. This decrease has resulted in a borrowing base deficiency of approximately $3.5 [...]
Escalera Resources Co. announced today that it has signed an asset purchase and sale agreement for the strategic acquisition of producing wells and leasehold interests from Warren Resources Inc. The assets, located in the Atlantic Rim Area of the Washakie Basin, Wyoming, are highly complementary to Escalera's existing holdings and consist primarily [...]
DENVER, CO and HOUSTON, TX--(Marketwired - June 09, 2015) - Escalera Resources Co. (NASDAQ: ESCR) announced today that it would not declare the quarterly dividend for the quarter ending June 30, 2015 on its 9.25% Series A Cumulative Preferred Stock ("Series A Preferred Stock"), and that such quarterly dividends are being suspended indefinitely to [...]
DENVER, CO and HOUSTON, TX--(Marketwired - April 15, 2015) - Escalera Resources Co. (NASDAQ: ESCR) today reported its full-year 2014 financial and operating results and provided a Company update. Financial and Operating Results The Company incurred a net loss attributable to common stock of $11.3 million, or $0.83 per share for 2014, as compared to [...]
DENVER, CO and HOUSTON, TX--(Marketwired - March 09, 2015) - Escalera Resources Co. (NASDAQ: ESCR) announced today that it would not declare the quarterly dividend for the quarter ending March 31, 2015 on its 9.25% Series A Cumulative Preferred Stock ("Series A Preferred Stock") in order to preserve its cash resources. Payment of future dividends [...]
DENVER and HOUSTON, Dec. 22, 2014 /PRNewswire/ -- Escalera Resources Co. (Nasdaq: ESCR) announced today that the borrowing base under its $250 million credit facility with Societe Generale has been reaffirmed following completion of its fall 2014 semi-annual redetermination. As of December 19, 2014 Escalera's borrowing base remains at $50.0 [...]
DENVER and HOUSTON, Dec. 8, 2014 /PRNewswire/ -- Escalera Resources Co. (NASDAQ: ESCR) reported today that its Board of Directors declared a cash dividend on its 9.25% Series A Cumulative Preferred Stock ("Series A Preferred Stock") in the amount of $0.578125 per share, payable on December 31, 2014 to stockholders of record as of December 19 [...]
DENVER and HOUSTON, Nov. 25, 2014 /PRNewswire/ -- Escalera Resources Co. today announced the extension of its initial letter agreement (the "Letter Agreement') with Wyoming GTL, LLC ("WYGTL") to jointly explore the feasibility of developing a gas-to-liquids ("GTL") plant to be located in Wyoming (the "GTL Plant"). This extension allows for [...]
DENVER and HOUSTON, Nov. 14, 2014 /PRNewswire/ -- Escalera Resources Co. (NASDAQ: ESCR) today reported financial and operating results for the three and nine months ended September 30, 2014. The Company incurred a net loss attributable to common stock of $3.4 million, or $(0.24) per share, for the third quarter of 2014, compared to a net loss of [...]
DENVER, Sept. 9, 2014 /PRNewswire/ -- Escalera Resources Co. (NASDAQ: ESCR) reported today that its Board of Directors declared a cash dividend on its 9.25% Series A Cumulative Preferred Stock ("Series A Preferred Stock") in the amount of $0.578125 per share, payable on September 30, 2014 to stockholders of record as of September 19, 2014. The [...]
DENVER and HOUSTON, Sept. 2, 2014 /PRNewswire/ -- Escalera Resources Co. (NASDAQ: ESCR) is pleased to announce that it has entered into a new $250 million credit facility with Societe Generale, who is acting as both the Administrative Agent and initial Lender, and SG Americas Securities, LLC as Bookrunner and Sole Lead Arranger. The facility has a [...]
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