On Tuesday, PostRock Energy Corporation (NASDAQ:PSTR)’s shares enhanced 139.01%, and closed at $4.35, as the PostRock Energy Corporation declared its results for the year ended December 31, 2014.
Based on a 21:1 oil-to-gas economic equivalency, production rose over 2% from the preceding year; at the traditional 6:1 oil-to-gas energy equivalency, production declined 5%.
Proceed totaled $83.5 million, up 16% from the preceding year.
Total operating expenses, counting lease operating, gathering, production taxes and general and administrative expenses, reduced $1.3 million from the preceding year.
Bank debt reduced 10% to $83 million.
Cost reduction initiatives implemented subsequent to year-end are predictable to further reduce costs by nearly $4.0 million annually.
The 2015 capital budget is set at $5.4 million, a reduction of over 85% from the preceding year.
The Corporation has engaged Evercore Group L.L.C. to assist the Board in evaluating planned alternatives.
PostRock Energy Corporation, an independent oil and gas corporation, engages in the attainment, exploration, development, production, and gathering of crude oil and natural gas.
Sysorex Global Holdings Corp (NASDAQ:SYRX), inclined 52.89%, and closed at $1.85, as the Big data software and infrastructure solutions provider Sysorex declared it been awarded a contract in the National Aeronautics and Space Administration’s (NASA) fifth Solutions for Enterprise-Wide Procurement (SEWP) contract vehicle. Sysorex received the contract award as part of the small business group otherwise known as “Group C”.
The new vehicle has a maximum value of $20 billion with a base period of 5 years and one 5 year option period.
Sysorex Global Holdings Corp., through its auxiliaries, provides data analytics and location based solutions and services to commercial and government customers worldwide. It operates through four segments: IT Commercial, IT Government, eSolutions, and Location-Based Technology.
At the end of Tuesday’s trade, Lucas Energy, Inc. (NYSEMKT:LEI), surged 26.96%, and closed at $0.235, as On April 6, 2015, Lucas Energy, Inc. an independent oil and gas corporation with its operations in Texas, recently declared that the NYSE MKT (the “Exchange”) has notified the Corporation that it has been granted an extension with a targeted completion date of August 28, 2015 to regain compliance with the NYSE MKT continued listing standards.
On February 28, 2014, Lucas received notice that the Corporation was below certain of the NYSE MKT continued listing standards, as set forth in Section 1003(a)(iii) of the NYSE MKT Corporation Guide, due to its financial condition. Based on information offered by the Corporation through March 31, 2015, the Exchange has determined that Lucas Energy has made a reasonable demonstration of its ability to regain compliance by the end of the revised period which has been extended to August 28, 2015.
Lucas Energy, Inc. operates as an independent oil and gas corporation in Texas. It is engaged in the attainment and development of crude oil and natural gas from various formations, counting the Austin Chalk, Eagle Ford, and Buda formations located primarily in Gonzales, Wilson, Karnes, and Atascosa counties south of the city of San Antonio; and the Eaglebine, Buda, and Glen Rose formations located in Leon and Madison counties north of the city of Houston, Texas.
Altisource Portfolio Solutions S.A. (NASDAQ:ASPS), gained 17.71%, and closed at $19.38, as the Owners.com® a division of Altisource Portfolio Solutions S.A. released data identifying the top 20 U.S. real estate markets where consumers sold their homes using its leading self-directed flat fee multiple listing service (MLS) model in 2014. New York topped the list, followed by Chicago, Tampa-St. Petersburg-Sarasota, Dallas-Ft. Worth and Philadelphia.
The ranking is based on total unique listings on Owners.com in 2014 in each designated market area (DMA), a standardized method for identifying city centers and immediate suburban areas.
Altisource Portfolio Solutions S.A. operates as a marketplace and transaction solutions provider for the real estate, mortgage, and consumer debt industries in the United States. Its Mortgage Services segment offers services that span the mortgage and real estate lifecycle outsourced by loan servicers, loan originators, investors, and other sellers of single family homes.
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