osage exploration & developm (OEDV) Key Developments
Osage Exploration and Development Mulls Acquisitions
Aug 14 15
Osage Exploration and Development, Inc. (OTCPK:OEDV) is seeking acquistions. Osage Exploration and Development said, “Management of the Company has undertaken steps as part of a plan to improve operations with the goal of sustaining our operations for the next 12 months and beyond. These steps include (i) seeking potential merger and combination opportunities, (ii) attempting to refinance our current debt with some combination of new debt and equity, and (iii) considering the potential acquisition of oil and gas properties for equity; all in an effort to stabilize the Company and provide an increased base of operating cash flow.”
Osage Exploration and Development, Inc. Reports Earnings and Production Results for the Full Year Ended December 31, 2014; Reports Impairment Charge for the Fourth Quarter of 2014
Apr 1 15
Osage Exploration and Development, Inc. reported earnings and production results for the full year ended December 31, 2014. For the year, the company reported net loss from continuing operations of $34,509,882 compared to $3,514,895 a year ago. Adjusted EBITDA was $7,610,861 compared to $4,254,153 a year ago. The company achieved revenue growth of 57.9%. Total revenues were $12,678,516, an increase of $4,649,428 compared to $8,029,088 for the year ended December 31, 2013.
For the year, the company’s total production of oil equivalent was 213,274 barrels against 104,872 barrels a year ago.
Due to the violent contraction in oil prices during the fourth quarter of 2014, the company was forced to incur a non-cash asset impairment charge of $29,858,178.
Osage Exploration and Development, Inc. Auditor Raises 'Going Concern' Doubt
Mar 31 15
Osage Exploration and Development, Inc. filed its 10-K on Mar 31, 2015 for the period ending Dec 31, 2014. In this report its auditor, Mayer Hoffman McCann P.C., gave an unqualified opinion expressing doubt that the company can continue as a going concern.
Osage Exploration and Development, Inc. Presents at Noble Financial Capital Markets Eleventh Annual Investor Conference, Jan-20-2015 01:30 PM
Jan 20 15
Osage Exploration and Development, Inc. Presents at Noble Financial Capital Markets Eleventh Annual Investor Conference, Jan-20-2015 01:30 PM. Venue: Club Med, Sandpiper Bay, Florida, United States. Speakers: Jack Zedlitz, Executive Vice President.
Osage Exploration and Development, Inc. Promotes Jack Zedlitz as Executive Vice President
Jan 5 15
Osage Exploration and Development, Inc. announced the promotion of Mr. Jack Zedlitz to the position of Executive Vice President, effective January 1, 2015. Mr. Zedlitz's responsibilities will now include asset acquisition and divestitures, and leading the company's capital markets activities. Mr. Zedlitz will report to Osage's Chairman and CEO, Mr. Kim Bradford. With the most recent well, Osage has substantially all of its acreage held by production.