Past year: ▲ 230%(1.00c – 3.30c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
8 Dec 2023debt financing▲ GoodMajor
Macquarie agreed a new Facility C, optional to draw by 7 March 2024, expected about US$6m, repaid over 24 months from oil swap hedges. Drawing would cut Facility A repayments to US$0.5m a quarter and extend its maturity to May 2026.
18 Sept 2023admin correction● Neutral
Computershare's Perth registry office moved to Level 17, 221 St Georges Terrace from 18 September 2023. Administrative notice only; no impact on the company's operations or finances.
23 Aug 2023half year report▼ Bad
First-half 2023: net loss US$13.8m, mainly non-cash charges of US$9.4m for expired leases written off and US$2.4m depletion. Adjusted EBITDA US$0.9m. Debt US$10m. Several partner candidates completed diligence but no deal was reached in the half.
4 May 2023other● Neutral
A recording of the 2 May 2023 AGM webinar, with the chairman's address and CEO presentation, is on the company website. Administrative, with no new information.
2 May 2023investor presentation● Neutral
AGM chairman's address and presentation. Chairman Stewart says returns have taken longer than expected, but he is confident of value and expects third-party engagement in several forms. He urges shareholders to stay the course. No new deals disclosed in the text shown.
24 Feb 2023annual report▲ Good
Australis's 2022 annual report showed oil sales revenue of US$33.6m before royalties and hedges, a hedge loss of US$5.2m, EBITDA of US$6.1m and net profit of US$2.0m. Year-end cash was US$7.8m and borrowings US$12.0m, and the AGM was set for 2 May 2023.
24 Feb 2023annual report● Neutral
Appendix 4G and corporate governance statement for 2022. Compliance disclosure only, with no new operating or financial information in the text shown.
9 Feb 2023resource reserve update▼ BadMajor
Year-end 2022 Ryder Scott update: 2P developed reserves 3.14 MMbbl (down 15%); 2C contingent resource 117.06 MMbbl (down 21%), reflecting only reduced leased acreage. PDP NPV10 rose to US$82m on a higher oil price. No undeveloped reserves, as no partner is secured.
22 Aug 2022half year report▲ Good
First-half 2022: EBITDA US$3.2m (US$1.1m a year earlier), net profit US$1.1m versus a US$1.7m loss. Macquarie facility extended 18 months, to May 2025. Painter 5H reached IP30 of 640 bopd. Partner talks continue with several parties; no deal.
27 May 2022other● Neutral
A recording of the 25 May 2022 AGM webinar, including the CEO presentation, is available on the company website. Administrative, with no new information.
25 May 2022investor presentation● Neutral
AGM chairman's address and presentation. Chairman Stewart says higher oil prices should raise demand for quality development opportunities and that third-party engagement is likely. He urges shareholders to stay the course. No new figures or deals.
14 Mar 2022investor presentation● Neutral
Audio of the 10 March conference presentation has been posted on the company website. Administrative, with no new information.
10 Mar 2022investor presentation● Neutral
Euroz Hartleys Rottnest conference presentation. It restates known points: over 95,000 net acres, 33 producing wells, about 1,000 bopd, 150 MMbbl net resource, cash US$9m and debt US$16m. It notes third-party activity, with Reese 11H No.1 now flowing oil. No new announcement.
24 Feb 2022annual report● Neutral
2021 annual report: oil sales revenue US$28.3m before royalties and hedges, hedging loss US$5.4m, EBITDA US$2.7m, net loss US$2.4m. Cash US$9.3m, borrowings US$16m. AGM set for 25 May 2022. Management says it remains patient in its partner search.
24 Feb 2022annual report● Neutral
Appendix 4G and corporate governance statement for 2021. Compliance disclosure only, with no new operating or financial information in the text shown.
7 Feb 2022resource reserve update▼ BadMajor
Year-end 2021 Ryder Scott update: 2P developed reserves 3.67 MMbbl (down 11%); 2C contingent resource 148.99 MMbbl (flat). No undeveloped reserves were booked because there is no development plan while the company seeks a partner. Acreage about 98,000 net; five marginal wells sold.
1 Dec 2021security holder rights change● Neutral
420,000 director options at A$0.3125 expired unexercised on 30 November 2021. 27 million shares are to be issued to the employee share trust to cover vested performance rights likely exercised in 2022. Administrative, with minor dilution.
4 Nov 2021investor presentation● Neutral
Presentation for the Euroz Hartleys Energy Snapshot conference. It repeats known points: 170 MMbbl resource, 33 operated wells producing over 1,250 bbl/day, and third-party activity in the field. No new announcement.
26 Oct 2021regulatory community update● Neutral
Statutory notice: subsidiaries received JobKeeper payments of A$159,300 for 8 individuals in FY2020 and A$57,600 for 6 in FY2021. No repayments made. Administrative.
31 Aug 2021regulatory community update● Neutral
Hurricane Ida passed through the TMS field with no material damage or environmental impact, but power outages halted some production. Wells restart as power is restored, which is expected within days.
24 Aug 2021half year report● Neutral
First half 2021: revenue US$13.2m, EBITDA US$1.1m, net loss US$1.7m, a sharp improvement on 2020's impairment-driven loss. Cash US$10.2m, borrowings US$18m. Core acreage exceeds 100,000 net acres, over 37% held by production.
7 June 2021security holder rights change● Neutral
30m Macquarie facility options (20m at A$0.49, 10m at A$0.51) expired unexercised on 4 June 2021. Shares on issue are now 1,211,463,649. Administrative.
13 May 2021other● Neutral
A recording of the 11 May AGM webinar is available on the company website. Administrative, no new information.
11 May 2021investor presentation● Neutral
AGM chairman's address and presentation. Chairman Stewart says the priority is keeping control of the TMS asset, notes improving though low-base partner discussions, and says the board will resist unfunded approaches. No new figures.
30 Mar 2021capital raising announcement▲ Good
The share purchase plan was oversubscribed by about 36%, with applications for A$3.123m against a A$2m target at A$0.05. Applications are scaled back pro rata to 64.041%, completing the equity raising.
11 Mar 2021investor presentation● Neutral
Presentation for the Euroz Hartleys Rottnest conference. The text provided is only the disclaimer section, so no new information is visible.
8 Mar 2021capital raising announcement● Neutral
Tranche 1 completed: 150m new shares issued at A$0.05, about A$7.5m. The share purchase plan opens, closing 26 March. Directors' 13.5m-share tranche (A$0.675m) still needs shareholder approval at the May AGM.
What it means for a shareholder
150m new shares at A$0.050 to raise about A$7.5m. That's 11% dilution: every existing holder's slice gets 11% smaller. If you held A$1,000 of shares (20,000 at the issue price), your slice goes from 0.00173% to 0.00153% of the company. To keep it you'd need 2,591 more shares - about A$130 at the issue price.
Create a free account to see this worked out for your own holding.
1 Mar 2021capital raising announcement● NeutralMajor
Australis raises A$8.175m in a placement at A$0.05 (12.3% discount): 150m shares now, plus 13.5m to directors subject to AGM approval. A share purchase plan of up to A$2m follows. Funds go to restarting TMS leasing and working capital, backing partner talks.
1 Mar 2021investor presentation● Neutral
Presentation supporting the 1 March capital raising. The text provided is mostly disclaimers and does not show new figures beyond the placement announcement.
23 Feb 2021admin correction● Neutral
Corporate governance statement and Appendix 4G lodged for the year ended 31 December 2020. Administrative, no new information.
