Spindletop Oil & Gas Co. (OTC: SPND) is a publicly traded company engaged in the exploration, development, and production of crude oil and natural gas in the United States. The Company operates oil and natural gas wells in several states with a large concentration of production in Texas. For more information, contact Chris Mazzini, President, at cmazzini@spindletopoil.com or visit www.spindletopoil.com. Information on such website referred above in this press release is not incorporated by reference into this press release.
Company profile
Ticker
SPND
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
752063001
Calendar
23 May 22
12 Aug 22
31 Dec 22
Financial summary
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 8.72M | 8.72M | 8.72M | 8.72M | 8.72M | 8.72M |
Cash burn (monthly) | 651.67K | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 2.87M | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 5.85M | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 9.0 | n/a | n/a | n/a | n/a | n/a |
Financial report summary
?Management Discussion
- This Report on Form 10-K may contain forward-looking statements within the meaning of the federal securities laws, principally, but not only, under the caption “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” We caution investors that any forward-looking statements in this report, or which management may make orally or in writing from time to time, are based on management’s beliefs and on assumptions made by, and information currently available to, management. When used, the words “anticipate,” “believe,” “expect,” “intend,” “may,” “might,” “plan,” “estimate,” “project,” “should,” “will,” “result” and similar expressions which do not relate solely to historical matters are intended to identify forward-looking statements. These statements are subject to risks, uncertainties, and assumptions and are not guarantees of future performance, which may be affected by known and unknown risks, trends, uncertainties, and factors, that are beyond our control. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, or projected. We caution you that while forward-looking statements reflect our good faith beliefs when we make them, they are not guarantees of future performance and are impacted by actual events when they occur after we make such statements. We expressly disclaim any responsibility to update our forward-looking statements, whether as a result of new information, future events or otherwise. Accordingly, investors should use caution in relying on past forward-looking statements, which are based on results and trends at the time they are made, to anticipate future results or trends.
Content analysis
?Positive | ||
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Readability |
H.S. sophomore Avg
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New words:
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Current reports
8-K
SPINDLETOP OIL & GAS CO. Announces Board Review of Strategic Alternatives
27 Jul 21
8-K
Entry into a Material Definitive Agreement
1 Nov 12
8-K
Departure of Directors or Certain Officers
16 Feb 12
8-K
Departure of Directors or Certain Officers
4 Jan 12
8-K
Termination of a Material Definitive Agreement
24 Sep 08
8-K
Results of Operations and Financial Condition
18 Aug 08
8-K
Results of Operations and Financial Condition
21 May 08
8-K
Results of Operations and Financial Condition
17 Apr 08
8-K
Departure of Directors or Principal Officers
3 Apr 08
8-K
Departure of Directors or Principal Officers
5 Nov 07
Registration and prospectus
No filings
Proxies
No filings
Other
UPLOAD
Letter from SEC
1 Mar 11
CORRESP
Correspondence with SEC
3 Jan 11
UPLOAD
Letter from SEC
15 Dec 10
CORRESP
Correspondence with SEC
7 Dec 10
CORRESP
Correspondence with SEC
22 Nov 10
UPLOAD
Letter from SEC
7 Nov 10
UPLOAD
Letter from SEC
21 Jan 09
CORRESP
Correspondence with SEC
15 Jan 09
CORRESP
Correspondence with SEC
6 Jan 09
CORRESP
Correspondence with SEC
17 Dec 08