Business Context and Reporting Period
This Form 8-K Current Report was filed by Halcón Resources Corporation (not Battalion Oil Corp) on July 3, 2013. The report details a material definitive agreement entered into on the same date regarding the company's registration rights obligations.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a contractual agreement and does not contain financial performance data.
Material Changes
The primary material change reported is the extension of a filing deadline:
- Original Obligation: Under a Registration Rights Agreement dated December 6, 2012, the Company was required to file a shelf registration statement for the resale of shares held by Petro-Hunt Holdings, LLC and Pillar Holdings, LLC by July 4, 2013.
- New Agreement: On July 3, 2013, the Company and the Stockholders entered into a Waiver extending this deadline to October 2, 2013.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook. The only risk or contingency noted is the potential failure to meet the original July 4, 2013 deadline, which has been mitigated by the executed Waiver extending the obligation to October 2, 2013.
Investor Verification Checklist
- Verify the identity of the registrant as Halcón Resources Corporation, noting the discrepancy with the requested company name "Battalion Oil Corp."
- Confirm the new deadline of October 2, 2013, for the filing of the shelf registration statement.
- Review the full text of the Waiver (Exhibit 4.1) for any conditions or covenants attached to the deadline extension.
- Check subsequent filings to ensure the registration statement was filed by the new October 2, 2013, deadline.