Past year: ▼ 74%(0.60c – 2.40c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
29 Apr 2022quarterly activities report● Neutral
March quarter: seismic plan approved, Terrex Seismic awarded the 130km 2D survey, and a variation lodged with the EPA to avoid a marshland. Offtake talks continue; EPA feedback on the review document is still awaited. No new financial figures in the excerpt.
28 Apr 2022material agreement▲ GoodMajor
A gas blending study by Australian Gas Infrastructure Group found Valhalla gas suitable for blending into existing WA pipelines (Dampier Bunbury Pipeline) and for LNG conversion. The study is qualitative; no offtake deal or pipeline agreement is announced.
1 Apr 2022regulatory community update▲ GoodMajor
The WA mines regulator (DMIRS) approved the environmental plan for the 130km 2D seismic survey at Valhalla (EP 371), resolving the open approval thread. Surveys found no threatened flora or ecological communities and no Greater Bilby sightings; heritage survey found no impact.
29 Mar 2022other● Neutral
Corporate governance statement current at 28 March 2022, setting out board roles and policies against ASX recommendations. Administrative; no new commercial information.
29 Mar 2022other● Neutral
Appendix 4G governance checklist dated 28 March 2022, pointing to where the company's governance disclosures are found. Administrative; no commercial information.
29 Mar 2022annual report● Neutral
First annual report since listing, for the period to 31 December 2021. The chairman's letter recaps the $11m IPO, export exemption, heritage surveys and the lodged seismic plan, and plans 2D seismic work ahead. Financial figures not readable in the excerpt.
28 Mar 2022agm notice● Neutral
AGM set for 27 May 2022, with director nominations closing 4 April 2022. Administrative notice.
3 Mar 2022investor presentation● Neutral
Notice that Rhett Bennett will present at a ShareCafe small-cap webinar on 4 March 2022. It repeats the known 1.5 TCF contingent and 11.8 TCF prospective gas resources; no new information.
7 Feb 2022director officer appointment● Neutral
Ashley Zumwalt-Forbes, already a senior adviser, was appointed alternate director for Rhett Bennett from 7 February 2022 for up to one year. She is also CEO of Black Mountain Carbon Lock, a private company.
31 Jan 2022quarterly activities report▲ Good
December quarter: heritage surveys finished with two Traditional Owner groups, and a seismic environmental plan lodged for a 130km 2D survey. An environmental review document was lodged with the EPA; the March quarter plans a seismic contractor appointment.
23 Dec 2021other▲ GoodMajor
BME began ASX trading on 23 December 2021 after its $11m IPO (55m shares at $0.20), with an indicative market value of $51m. EP371 is estimated to hold 11.8 TCF prospective and 1.5 TCF contingent gas; a September 2021 gas export exemption was granted.
23 Dec 2021investor presentation● Neutral
IPO presentation for the December 2021 listing, repeating prospectus content. States a 100% working interest in EP 371, with prospective resources reported on a best-estimate basis. Nothing new beyond the prospectus.
21 Dec 2021other● NeutralMajor
Replacement prospectus for the IPO of 55 million shares at $0.20 to raise $11 million, offer closing 27 November 2021. It holds Valhalla (EP 371) via subsidiaries, with BM Canning LLC as largest shareholder; risks are flagged as highly speculative.
21 Dec 2021annual report● Neutral
Historical accounts of subsidiary Black Mountain Exploration Australia for 9 July–31 December 2019: net loss $1.182m. It paid about $14.9m in September 2019 to buy the Valhalla project from Mitsubishi's Australian arm, funded by parent BM Canning LLC.
21 Dec 2021half year report● Neutral
Historical half-year accounts of subsidiary to 30 June 2020: net loss $1.308m, no production, Valhalla still in appraisal. Funded by parent BM Canning LLC; nothing new for current shareholders.
21 Dec 2021other● Neutral
Oil and gas annexure to the listing checklist, pointing to where the prospectus covers resource estimates under SPE-PRMS standards. It notes contingent and prospective resource estimates are unrisked. Administrative; no figures given in the readable text.
21 Dec 2021annual report● Neutral
Historical 2020 accounts of subsidiary Black Mountain Exploration Australia: net loss $2.615m (2019: $1.182m), no production, Valhalla still in appraisal. An environmental referral for Valhalla exploration drilling in EP 371 was lodged on 21 January 2021.
21 Dec 2021other● Neutral
Rules of the company's employee securities incentive plan, filed as part of listing. Governing document only; no grants or amounts stated in the readable text.
21 Dec 2021other● Neutral
ASX listing information form naming Rhett Bennett as CEO and Executive Chairman, KPMG as auditor, Automic as registry, and a 31 December balance date. Administrative listing paperwork, no new commercial information.
21 Dec 2021half year report● Neutral
Historical half-year accounts of subsidiary to 30 June 2021: net loss $1.135m (2020: $1.308m), no production. The Valhalla drilling proposal remains with the environmental regulator; nothing new for current shareholders.
21 Dec 2021other● Neutral
Formal application form for admission to the ASX Official List, dated 3 November 2021, for up to 255,000,001 fully paid ordinary shares. Administrative listing paperwork with no new information beyond the admission itself.
21 Dec 2021other● Neutral
Securities trading policy, approved 14 October 2021, setting blackout periods and insider-trading rules for directors and staff. Governing document only; no commercial information for shareholders.
21 Dec 2021other● Neutral
Shareholder distribution as at 16 December 2021: 466 holders of 255,000,001 shares. BM Canning LLC holds 199,968,253 shares (78.42%); the top 20 hold 91.51%. Administrative listing disclosure.
21 Dec 2021other● Neutral
The company's constitution, effective 26 July 2021, filed as part of listing. It is a governing document with no new commercial information for shareholders.
21 Dec 2021other▲ GoodMajor
Black Mountain Energy was admitted to the ASX on 21 December 2021, with trading starting 23 December. Its IPO raised $11 million at $0.20 per share (55 million shares). 200 million existing shares are escrowed for 24 months.
21 Dec 2021other● Neutral
Confirms the IPO closed with 55m shares issued at $0.20 ($11m) and 200m shares issued to BM Canning and an affiliate for the Valhalla holding company. Also issued 20.3m options at $0.286 and 4.54m performance rights; 200m shares are escrowed 24 months.
