22 Mar 2018other● Neutral
Trading resumes after the suspension, following release of the capital raising announcement. Administrative.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
22 Mar 2018capital raising announcement▲ GoodMajor
Placement of 115.28m shares at A$0.34 raises about A$39.2m, a 5.6% discount to the last close. Pro forma cash is about US$47m, to fund 4-10 initial TMS wells from second half 2018. This answers the open financing thread, with debt still being sought.
22 Mar 2018investor presentation● Neutral
Equity raising presentation supporting the A$39.2m placement at A$0.34. Slides repeat known reserve and acreage figures; no new figures in the available text.
21 Mar 2018other● Neutral
Shares suspended from quotation at the company's request, pending an announcement about a capital raising. A trading halt before the placement was announced; it resolved the next day.
13 Mar 2018investor presentation● Neutral
March 2018 corporate presentation repeating known figures: 1P 29 and 2P 47 MMbbl, and about 4 MMbbl of producing reserves valued at US$80m NPV10. No new information in the available text.
9 Mar 2018other● Neutral
S&P Dow Jones index rebalance notice lists Australis among additions to the All Ordinaries index, effective 19 March 2018. Index housekeeping, no company business news.
9 Mar 2018annual report● Neutral
Corporate governance statement for 2017, approved by the board and current at 8 March 2018. Administrative disclosure, no business news in the available text.
9 Mar 2018annual report● Neutral
2017 annual report: the Encana TMS acquisition closed for US$68.1m, acreage rose to 95,000 net acres from 19,000, and year-end net cash was US$17m. Drilling is planned for the second half of 2018, with financing alternatives still being explored.
9 Mar 2018annual report● Neutral
Corporate governance checklist lodged with the annual report, dated 9 March 2018. Administrative compliance filing, no business news.
9 Feb 2018other● Neutral
Notice that a recording of the 8 February webinar is on the company website. Administrative, no business news.
8 Feb 2018other● Neutral
Same-day reminder that the investor webinar on the reserve update is being held today. Administrative, no business news.
2 Feb 2018other● Neutral
Notice of an investor webinar on 8 February 2018 to cover the January reserve update and presentation. Administrative, no business news.
30 Jan 2018investor presentation● Neutral
January 2018 presentation repeating the new year-end reserves (1P 29, 2P 47 MMbbl), 98 MMbbl 2C resource and 95,000 net acres. No new information in the available text.
30 Jan 2018quarterly activities report▲ Good
December quarter: 153,000 bbl sold for US$8.2m, field netback US$3.8m. Core acreage reached 95,000 net acres and Australis now operates all its Mississippi and Louisiana acreage. Drilling preparation is under way in 2018 and financing options are being investigated.
30 Jan 2018resource reserve update▲ GoodMajor
Ryder Scott's year-end 2017 estimate books first undeveloped reserves: 1P 28.9, 2P 46.6 and 3P 60.2 MMbbl net, on a 126-well plan covering about 35% of acreage. 2C resource falls to 98.0 MMbbl from 107 as part moves to reserves. Producing reserves NPV10 is US$79.5m.
18 Dec 2017director officer appointment● Neutral
Darren Wasylucha, who held similar roles at Aurora Oil & Gas in 2011-2014, joins as Chief Corporate Officer, based in North America, ahead of planned 2018 drilling. He receives 1.5 million incentive options at A$0.285-$0.40; 196,102 performance rights lapsed.
17 Nov 2017other● Neutral
Notice that a recording of the 17 November investor webinar is on the company website. Administrative, no business news.
17 Nov 2017investor presentation● Neutral
Same-day notice and slides for the 17 November investor webinar. The slides repeat the existing investor presentation; no new figures in the available text.
10 Nov 2017other● Neutral
Notice of an investor webinar with Managing Director Ian Lusted on 17 November 2017. Administrative, no business news.
6 Nov 2017investor presentation▲ Good
Updated presentation says the land program has lifted TMS core leasehold to over 95,000 net acres, up from 81,000, with 80% expiring beyond January 2020 or held by production. Continues the leasing thread.
31 Oct 2017quarterly activities report▲ Good
September quarter: 167,530 bbl sold at US$48.19, revenue US$8m. Cash US$20.8m. Leasing lifted acreage held by production to 27,400 net acres, up from 22,000, with over 81,000 net core acres retained and 75% running beyond January 2020.
28 Sept 2017investor presentation● Neutral
September 2017 corporate presentation repeating known points: 5 million bbl proved producing reserves (US$95m NPV10), 107 million bbl TMS 2C resource, 458 Bcf in Portugal, and 291 net TMS well locations. No new results in the available text.
13 Sept 2017half year report● Neutral
Half-year results presentation says the Encana purchase made Australis the largest operator in the TMS core, citing about 100,000 largely contiguous net acres including 22,000 held by production. Financial figures are not in the available text.
31 July 2017quarterly activities report● Neutral
June quarter, first after the Encana deal: 148,900 bbl sold at US$47.21, revenue US$7.0m, field netback US$25.44/bbl. Cash US$16.9m, no debt. An active leasing program is under way to extend lease lives across the 81,000-acre focus area.
8 June 2017investor presentation● Neutral
June 2017 roadshow presentation repeating the strategy and the Encana acquisition story. The available text shows no new figures.
16 May 2017security holder rights change● Neutral
16,835,933 unlisted $0.275 options released from escrow on 16 May 2017. Shares on issue are now 776,339,475, reflecting the April placement. Administrative.
4 May 2017investor presentation● Neutral
Presentation for the 4 May 2017 AGM, themed on the corporate strategy creating a growth platform. The available text shows only disclaimers and no new figures.
28 Apr 2017quarterly activities report● Neutral
March quarter: Encana deal announced and completed after quarter end (13 April). Net cash was US$11m at 31 March with no debt; June quarter outflows forecast at US$7.6m excluding production receipts. March production about 1,700 bbl/d.
18 Apr 2017farm in farm out completion▲ GoodMajor
Completion of the Encana TMS acquisition, settled 13 April 2017 for US$68.3m (US$80m less US$11.7m adjustments). Australis now holds 81,000 net core acres and about 1,700 bbl/d from 31 producing gross wells. Resolves the February deal.
13 Apr 2017admin correction● Neutral
Standard notice under the Corporations Act that 434,782,609 new shares were issued without a prospectus, allowing them to be on-sold. Administrative.