Each one in plain English, with the numbers worked through for a shareholder.
9 Mar 2026capital raising announcement● NeutralMajor
This replaced the earlier A$800,000 announcement with a A$946,000 placement of 78.83M shares at A$0.012, a 6.24% discount to the 15-day VWAP. It lifted shares on issue to about 454.7M and funds Oklahoma development and new lease or farm-in opportunities.
What it means for a shareholder
78.8m new shares at A$0.012 to raise about A$946,000. That's 17% dilution: every existing holder's slice gets 17% smaller. If you held A$1,000 of shares (83,333 at the issue price), your slice goes from 0.0222% to 0.0183% of the company. To keep it you'd need 17,476 more shares - about A$210 at the issue price.
AXP announced an A$800,000 placement of 66.67M shares at A$0.012, a 7.7% discount to the last close, to fund Oklahoma development and farm-in or lease opportunities. This was replaced the same day by a larger version.
What it means for a shareholder
66.7m new shares at A$0.012 to raise about A$800,000. That's 15% dilution: every existing holder's slice gets 15% smaller. If you held A$1,000 of shares (83,333 at the issue price), your slice goes from 0.0222% to 0.0188% of the company. To keep it you'd need 14,781 more shares - about A$177 at the issue price.
16 Oct 2025capital raising announcement▲ GoodMajor
Tranche 2 of the placement settled on 13 October, raising A$947,409.93 after costs, completing the A$2.7M raise. Charlie #1 fracturing is set for 20 October and Charlie #2 is being permitted on a 40-acre offset.
11 Aug 2025capital raising announcement● NeutralMajor
AXP has firm commitments for a A$2.7M placement of 2.7bn shares at A$0.001 (nil discount to 15-day VWAP), with 1-for-3 free options at A$0.002. Funds go to Oklahoma leases, two vertical wells and bitcoin gas-to-power. Tranche 2 needs shareholder approval.
What it means for a shareholder
2.70bn new shares at A$0.001 to raise about A$2.7m. That's 29% dilution: every existing holder's slice gets 29% smaller. If you held A$1,000 of shares (1,000,000 at the issue price), your slice goes from 0.015% to 0.0107% of the company. To keep it you'd need 403,909 more shares - about A$404 at the issue price.
4 Feb 2025capital raising announcement● NeutralMajor
AXP received firm commitments to raise A$1.25M through a two-tranche placement of about 833.3 million shares at A$0.0015, a 9.2% premium to the 15-day VWAP. Directors committed A$165,000, subject to shareholder approval, and funds go to the data-centre roll-out and working capital. It was the first placement since November 2020.
What it means for a shareholder
833m new shares at A$0.0015 to raise about A$1.3m. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held A$1,000 of shares (666,667 at the issue price), your slice goes from 0.0114% to 0.01% of the company. To keep it you'd need 95,376 more shares - about A$143 at the issue price.
Another cleansing prospectus offers up to 10,000 shares at A$0.012 to raise up to A$120. It exists to remove trading restrictions on previously issued shares, not to raise money.
What it means for a shareholder
10,000 new shares at A$0.012 to raise about A$120. That's 0.000176% dilution: every existing holder's slice gets 0.000176% smaller. If you held A$1,000 of shares (83,333 at the issue price), your slice goes from 0.00146% to 0.00146% of the company. To keep it you'd need 0 more shares - about A$0 at the issue price.
A cleansing prospectus offers one nominal share (up to 10,000 at A$0.007), 300 million options to December placement participants and 95 million broker options. It raises almost nothing and fixes past share-issue paperwork, a step in lifting the trading suspension.
Cleansing prospectus offering 10,000 shares at A$0.003 (A$30) purely to lift resale restrictions on shares from the recent placement. No new money or business information.
What it means for a shareholder
10,000 new shares at A$0.003 to raise about A$30. That's 0.000214% dilution: every existing holder's slice gets 0.000214% smaller. If you held A$1,000 of shares (333,333 at the issue price), your slice goes from 0.00713% to 0.00713% of the company. To keep it you'd need 1 more shares - about A$0 at the issue price.
18 Dec 2020capital raising announcement● NeutralMajor
Raises A$1.8m placing 600,000,000 shares at A$0.003, with a one-for-two option at A$0.005 for 18 months (subject to shareholder approval). Funds go to working capital and workovers. Production is about 131 barrels a day, across roughly 170 wells.
What it means for a shareholder
600m new shares at A$0.003 to raise about A$1.8m. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held A$1,000 of shares (333,333 at the issue price), your slice goes from 0.00818% to 0.00713% of the company. To keep it you'd need 49,078 more shares - about A$147 at the issue price.
Completes the second tranche of the April A$3m placement with the last 66,666,667 shares at A$0.003, raising A$200k, plus the attaching options. Closes out the April raising.
What it means for a shareholder
66.7m new shares at A$0.003 to raise about A$200,000. That's 1.6% dilution: every existing holder's slice gets 1.6% smaller. If you held A$1,000 of shares (333,333 at the issue price), your slice goes from 0.00832% to 0.00818% of the company. To keep it you'd need 5,544 more shares - about A$17 at the issue price.
A$3m placement from three family offices at A$0.003 per share with a free one-for-one option at A$0.003 (12 months). Convertible noteholders agree to convert debt at A$0.003 versus the original 0.7c; the undrawn portion of the A$6m facility (A$3.025m drawn) is cancelled. Subject to shareholder approval; funds are for working capital and possible US acquisitions.
Shareholders approved Tranche 2 of the March placement: 76,920,045 shares at $0.013, completing the A$5.1m raise announced 26 March. This resolves the open approval and funds continued Pathfinder drilling.
What it means for a shareholder
76.9m new shares at A$0.013 to raise about A$999,961. That's 4.6% dilution: every existing holder's slice gets 4.6% smaller. If you held A$1,000 of shares (76,923 at the issue price), your slice goes from 0.00483% to 0.00461% of the company. To keep it you'd need 3,718 more shares - about A$48 at the issue price.
26 Mar 2019capital raising announcement▲ GoodMajor
Completed a A$5.1m placement of 395.2m shares at $0.013, with Bell Potter as lead manager. Tranche 1 (318.3m shares) is issued; Tranche 2 (76.9m) needs shareholder approval at a May meeting. Funds go to Vespucci, 3D seismic, a resource update and gas sales work.
What it means for a shareholder
395m new shares at A$0.013 to raise about A$5.1m. That's 24% dilution: every existing holder's slice gets 24% smaller. If you held A$1,000 of shares (76,923 at the issue price), your slice goes from 0.00604% to 0.00461% of the company. To keep it you'd need 23,878 more shares - about A$310 at the issue price.
Prospectus offering options linked to the September placement: 257.1m options to placement participants (one per two shares), 50m to advisors, 13.6m to directors and 357,143 to a previous placement subscriber. No new cash is raised from the shares; this is the paperwork for the promised options.
Raises A$3.75m through a two-tranche placement of 535.7m shares at $0.007, with one free 2c option per two shares. Funds two 2018 Pathfinder wells, Vespucci #1 spudding early October. Tranche 2 (362.9m shares) and the options need shareholder approval; shares would reach about 1.23bn.
What it means for a shareholder
536m new shares at A$0.007 to raise about A$3.8m. That's 44% dilution: every existing holder's slice gets 44% smaller. If you held A$1,000 of shares (142,857 at the issue price), your slice goes from 0.0207% to 0.0116% of the company. To keep it you'd need 110,696 more shares - about A$775 at the issue price.
Prospectus for the free options promised with the placement and SPP: up to 143m placement options, 41.0m SPP options and 2.14m director options, all 2c options. It is a disclosure document with no new money raised; options are described as highly speculative.
29 Mar 2018capital raising announcement▲ GoodMajor
The share purchase plan closed raising $518,245 at $0.007 with attaching 2c options, or $548,245 with directors' participation. Options need approval at a May general meeting. Company says it will reach 100 bopd next quarter; gas sales talks continue.
Offers shareholders a share purchase plan of up to A$500,000 (up to 71.4m shares) at $0.007, up to $15,000 each, with one free 2c option per two shares. Options need shareholder approval; applications close 27 March. Follows the February placement.
What it means for a shareholder
71.4m new shares at A$0.007 to raise about A$500,000. That's 11% dilution: every existing holder's slice gets 11% smaller. If you held A$1,000 of shares (142,857 at the issue price), your slice goes from 0.024% to 0.0214% of the company. To keep it you'd need 17,139 more shares - about A$120 at the issue price.
26 Feb 2018capital raising announcement● NeutralMajor
Fremont completes a A$2m placement of 286m shares at $0.007, with one free 2c option per two shares (to March 2020). A further share purchase plan of up to A$500,000 is planned. It is left with only a US$250,000 facility at 6%. Delivers the equity raise flagged on 12 December.
What it means for a shareholder
286m new shares at A$0.007 to raise about A$2.0m. That's 34% dilution: every existing holder's slice gets 34% smaller. If you held A$1,000 of shares (142,857 at the issue price), your slice goes from 0.0263% to 0.0172% of the company. To keep it you'd need 75,164 more shares - about A$526 at the issue price.
After the Bird setback, Fremont cut staff pay 55% (monthly employee costs from US$77,000 to US$35,000). Directors take fees in shares, and it has begun selling its 50% Kentucky wells. The board resolved on 9 December to raise equity; size and price not given. Production is 70-80 Bopd.
Second tranche of the July placement is completed after shareholder approval, taking the total raised to $2,078,000. Funds go to Pathfinder development drilling and working capital. Completes the raise announced 11 July (originally A$1.7m at 2c).
11 July 2017capital raising announcement● NeutralMajor
Raises A$1.7m placement at 2c a share (48.9m shares in Tranche 1), with one free 4.5c option per two shares. A further 50m shares need approval at an August meeting. Funds go to Pathfinder drilling; total shares could reach 297m.
22 Feb 2017capital raising announcement▲ GoodMajor
Shortfall from the priority offer placed: A$1m (166.7m shares at 0.6c) on top of A$576,158 raised, taking the offer past A$1.5m. With the December placement, company says the Florence purchase is fully funded. Each share gets a free 1:4 2019 option.
What it means for a shareholder
167m new shares at A$0.006 to raise about A$1.0m. That's 9.0% dilution: every existing holder's slice gets 9.0% smaller. If you held A$1,000 of shares (166,667 at the issue price), your slice goes from 0.00993% to 0.00903% of the company. To keep it you'd need 16,547 more shares - about A$99 at the issue price.
Priority offer closed with 96.0m shares taken up (A$576,158), a 38.4% take-up of the 250m on offer. Short of the A$1.5m target; company says it is working to place the shortfall and has had approaches from interested parties.
Priority offer closing date is extended from 27 January to 15 February 2017 so shareholders can see the maiden Pathfinder reserve and resource statement first, which is due within days. The company says there will be no further extension.
Patersons terminated its underwriting of the priority offer after the share price closed at 0.5c on 16 December, below the 0.6c trigger. The offer now has no minimum, and the A$1.7m placement alone may not cover the US$2m Florence purchase. Any shortfall may need another placement.
16 Dec 2016capital raising announcement● NeutralMajor
Prospectus offers eligible shareholders up to 250m shares at 0.6c (about A$1.5m, plus A$1m oversubscriptions) with one free option per four shares, plus 70.8m placement options and 20m contractor options. Patersons underwrites; all subject to shareholder approval. Funds the Florence acquisition.
Prospectus offers up to 92m free options (1 per 3 placement shares) and 53.12m broker options to Patersons, plus a 10,000-share cleansing offer at 0.6c. It documents the 26 Sept A$1.65m placement; broker options need November AGM approval.
Austin raises A$1.65m by placing 276m shares at 0.6c, with one free option per three shares (exercisable at 0.6c to June 2019). Patersons leads; the raise is not underwritten. Shares on issue rise from about 1.119bn to 1.395bn (19.8% dilution), funding drilling and more 3D seismic.
What it means for a shareholder
276m new shares at A$0.006 to raise about A$1.6m. That's 20% dilution: every existing holder's slice gets 20% smaller. If you held A$1,000 of shares (166,667 at the issue price), your slice goes from 0.0149% to 0.0119% of the company. To keep it you'd need 41,105 more shares - about A$247 at the issue price.
