Each one in plain English, with the numbers worked through for a shareholder.
19 Sept 2007director officer appointment▲ GoodMajor
Peter Willcox, former BHP Petroleum chief executive (1986–94) and Telstra director, is named chairman from 5 November, on $120,000 a year plus 4 million options. Resolves the vacancy left by Ian Gorman's resignation.
7 Sept 2007director officer appointment▼ BadMajor
Chairman Ian Gorman resigns from 21 September 2007 due to ill health. Campbell Horsfall will act as chairman while a replacement is sought.
24 Aug 2007investor presentation● Neutral
August investor update repeating known facts: 100% of Vic/P57 and T41-P, West Seahorse 10.3 million barrels, final 15c call on 6 December 2007, first production anticipated early 2010. Market capitalisation about $78 million fully paid.
30 July 2007quarterly activities report● Neutral
Quarterly report: drilling slots secured on the West Triton rig for 2008 for West Seahorse-3 and an exploration well. T41-P seismic is delayed under a 12-month suspension; the company plans to seek a farm-out partner there.
27 July 2007investor presentation● Neutral
Presentation on VIC/P57 repeating known facts: 100% of two permits, 10.3 million barrels at West Seahorse, two wells planned early 2008, first oil 2010. States the IPO raised $44 million.
11 July 2007other● Neutral
4,692,050 ordinary shares come out of ASX escrow on 21 July 2007 but stay under voluntary escrow until 22 May 2009. Administrative notice.
6 July 2007regulatory community update● Neutral
3D Oil signed a Heads of Agreement with five other companies to hire a 2D seismic vessel for Bass Basin permit T41-P. The Joint Authority granted a 12-month suspension of the Year 2 work commitment (2,200km of 2D seismic) because no vessel was available.
8 June 2007director officer appointment▲ Good
Jon Keall, ex-BHP Billiton with almost 20 years' experience, joins as exploration manager. Strengthens the technical team ahead of West Seahorse appraisal, planned January 2008, with production expected from 2009.
23 May 2007other▲ Good
Shares debuted on ASX closing 6% above the 25c issue price. The company reiterates 100% of VIC/P57 and West Seahorse (10.3 million barrels), with an appraisal well and then Sea Lion (up to 20.7 million barrels) planned early 2008.
21 May 2007other● Neutral
Top 20 holder list for the partly paid shares. The top 20 hold 65.12% of the 110,000,000 shares, led by HSBC Custody Nominees at 12.99%. Administrative.
21 May 2007other● Neutral
Company constitution lodged on ASX listing. It is the governing rulebook for shares, meetings, directors and dividends. No operational or financial news.
21 May 2007other● Neutral
Distribution schedule for the 110,000,000 partly paid shares, held by 533 holders as at 14 May 2007. Administrative listing document with no new information.
21 May 2007other▲ GoodMajor
ASX confirms 3D Oil was admitted to the Official List on 16 May 2007. Quotation of 110,000,000 partly paid shares (paid to 25c, 15c more due 6 December 2007) starts 22 May.
21 May 2007other● Neutral
Corporate governance compliance summary against ASX principles. Most recommendations are met; no nomination committee is set up, which the company says is not cost-effective given its size. Administrative disclosure only.
21 May 2007other● Neutral
Restricted securities summary: 110,000,000 partly paid shares (paid to 25c, 15c due 6 December 2007), 83,060,000 fully paid shares and 12,725,000 options at 50c or 60c expiring January 2011. Much of the stock is escrowed two years.
