Saratoga Resources Inc. (NYSE MKT: SARA; the “Company” or “Saratoga”) announced that it has received various inquiries regarding interest payments mistakenly credited to certain debt holder accounts and subsequently reversed. The interest payments scheduled to be made on December 31, 2014 and January 1, 2015 were not made on those dates. However, the interest payments are not in default under the applicable indentures [...]
Saratoga Resources Inc. (NYSE MKT:SARA; the “Company” or “Saratoga”) today provided an update on results of recent operations and measures being taken to reduce costs and enhance operational efficiencies in the current challenging environment with oil prices declining to five year lows. The Company has successfully completed several thru-tubing plugback operations with total capital expenditure of approximately $400,000 [...]
Saratoga Resources Inc. (NYSE MKT:SARA; the “Company” or “Saratoga”) today announced financial and operating results for the quarter ended September 30, 2014. Key Financial Results Oil and gas revenues of $15.9 million for Q3 2014 compared to $15.1 million for Q2 2014; Discretionary cash flow of $(0.9) million, or $(0.03) per fully diluted share, for Q3 2014 compared to $(0.5) million, or $(0.01) per fully diluted [...]
Saratoga Resources Inc. (NYSE MKT:SARA; the “Company” or “Saratoga”) today announced it will host a conference call to discuss results of operations for the third quarter of 2014. The conference call will be held on Monday, November 17, 2014 at 9:30 AM Central Time; 10:30 AM Eastern Time; 7:30 AM Pacific Time. For those located in the U.S. the call in number is (866) 501-1535, conference ID is 28110519. For those [...]
Saratoga Resources Inc. (NYSE MKT: SARA; the “Company” or “Saratoga”) today announced they will present at The Oil & Gas Investment Symposium West hosted by the Independent Petroleum Association of American (IPAA). The presentation will be at 4:00 PM PT (6:00 PM CT, 7:00 PM ET) on Tuesday, September 23, 2014. The conference is being held at the Palace Hotel in San Francisco and the presentation will be web cast and can be [...]
Saratoga Resources Inc. (NYSE MKT:SARA; the “Company” or “Saratoga”) today announced financial and operating results for the quarter ended June 30, 2014. Key Financial Results Oil and gas revenues of $15.1 million for Q2 2014 compared to $10.6 million for Q1 2014; Discretionary cash flow of $(0.5) million, or $(0.01) per fully diluted share, for Q2 2014 compared to discretionary cash flow of $(5.2) million, or [...]
Saratoga Resources Inc. (NYSE MKT:SARA) (the “Company” or “Saratoga”) today announced they will present at The Oil & Gas Conference hosted by EnerCom, Inc. The presentation will be at 10:30 AM, MT on Tuesday, August 19, 2014. Mr. Andy Clifford, President, will be making the presentation which will be webcast and can be viewed at the Company website, www.saratogaresources.com. About Saratoga Resources Saratoga [...]
Saratoga Resources Inc. (NYSE MKT: SARA; the “Company” or “Saratoga”) today announced it will host a conference call to discuss results of operations for the second quarter of 2014. The conference call will be held on Friday, August 15, 2014 at 9:30 AM Central Time; 10:30 AM Eastern Time; 7:30 AM Pacific Time. For those located in the U.S. the call in number is (866) 501-1535, conference ID is 69583261. For those [...]
Saratoga Resources Inc. (NYSE MKT: SARA; the “Company” or “Saratoga”) today provided an operations update pertaining to handling capacity upgrades in Breton Sound 32 Field and recompletion of the Company’s SL 195QQ #25 well in Main Pass 47 Field. The Company has commenced construction of an additional sales line to expand production capacity in Breton Sound 32 Field. The added capacity, anticipated to be online by the [...]
Saratoga Resources Inc. (NYSE MKT: SARA; the “Company” or “Saratoga”) today provided an update on its recent Rocky 3 horizontal development well in Breton Sound Block 32 field and recompletion in the QQ #24 well in Main Pass Block 47 field. The SL 1227-29 “Rocky 3” well, in 14 feet of water depth, was spud on May 3rd using the Parker 72B barge rig and reached a TD of 7,178’ MD/5,818’ TVD on May 15th. The well was [...]
Saratoga Resources Inc. (NYSE MKT: SARA; the “Company” or “Saratoga”) today announced financial and operating results for the quarter ended March 31, 2014. Key Financial Results Oil and gas revenues of $10.6 million for Q1 2014 compared to $19.3 million for Q1 2013; Discretionary cash flow of $(5.2) million, or $(0.17) per fully diluted share, for Q1 2014 compared to discretionary cash flow of $4.9 million, or [...]
Saratoga Resources Inc. (NYSE MKT: SARA; the “Company” or “Saratoga”) today announced it will host a conference call to discuss results of the first quarter of 2014. The conference call will be held on Friday, May 16, 2014, at 9:30 AM Central Time (10:30 AM ET; 7:30 AM PT). The call in number for those wishing to participate is (866) 501-1535 for U.S. participants and (216) 672-5582 for participants outside the U.S. The [...]
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