In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Lonestar Resources US Inc. (NASDAQ:LONE) reported that Leucadia National has picked up 4,478,488 of common stock as of 2017-06-21.
The acquisition brings the aggregate amount owned by Leucadia National to a total of 4,478,488 representing a 20.1% stake in the company.
For those not familiar with the company, Lonestar Resources US, Inc. is a leading independent oil and gas company involved in exploration, production, and acquisition of unconventional oil and gas reserves. Our company’s growth is focused on the Crude Oil Window of the Eagle Ford Shale, where we anticipate spending 95% of our capital for the next several years on our leasehold which currently exceeds 30,000 net acres. Lonestar is also evaluating the resource potential of its 50,000 acre block in the Williston Basin.
A glance at Lonestar Resources US Inc. (NASDAQ:LONE)’s key stats reveals a current market capitalization of $79.65 Million based on $21.82 Million shares outstanding and a price at last close of $3.70 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-04-13, Lambilliotte picked up 50,000 at a purchase price of $5.00. This brings their total holding to 177,170 as of the date of the filing.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an Lonestar Resources US Inc. (NASDAQ:LONE) as things move forward to see if its progress aligns with these transactions.
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