Past year: ▲ 0%(25.0c – 36.0c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
27 July 2021quarterly activities report● Neutral
June 2021 quarter: maintenance and environmental reviews for proposed seismic and core hole sites. No NSW advice on the renewals, though Santos keeps liaising with agencies. Spend $22,405; cash $3.29M.
26 Apr 2021quarterly activities report● Neutral
March 2021 quarter: JV parties approved Santos's 2021 work program of about $16.5M, for pilot reactivation and drilling, subject to permit renewals and approvals. No advice on renewals. Spend $97,166; cash $3.37M.
6 Apr 2021agm notice● Neutral
Cover letter enclosing the AGM notice, proxy form and 2020 annual report, all already lodged with ASX. The AGM will be held by Zoom, with proxies due 23 May 2021. No other substance.
31 Mar 2021annual report● Neutral
2020 annual report: field work stayed at maintenance and environmental studies; no NSW advice on the renewals. Loss $640,064 (2019: $333,826); cash $3.38M. Budgeted 2021 commitment for the 35% share is $3.244M; $1.25M loan facility remains available.
31 Mar 2021other● Neutral
Appendix 4G governance checklist filed with the 2020 annual report, pointing to pages 13-20. Compliance paperwork with no new business information.
29 Jan 2021quarterly activities report● Neutral
December 2020 quarter: environmental surveys and reviews for proposed seismic and core hole sites done. Renewals are with agencies; Santos tabled a 2021 work program for JV approval. Spend $153,258; cash $3.38M, down from $3.59M.
22 Dec 2020regulatory community update▲ Good
Environmental studies for PEL 1 and 12 are complete and will go to regulators via the operator. They cover possible seismic routes and drilling sites. The company says this further exploration could start before the licences are renewed.
26 Oct 2020quarterly activities report● Neutral
September 2020 quarter: field work still maintenance only, with no NSW advice on the PEL 1 and PEL 12 renewals. Nearby Narrabri Gas Project, in PEL 238 next to both licences, won conditional approval on 30 Sept. Spend $54,010; cash $3.59M.
28 Aug 2020half year report● Neutral
Only the PwC independence declaration and review report for the half-year to 30 June 2020 are included. PwC found nothing indicating the accounts are misstated. The financial figures are not in the text provided.
31 July 2020quarterly activities report● Neutral
June 2020 quarter: still maintenance only, with no NSW advice on the PEL 1 and PEL 12 renewals. Exploration spend $77,858; cash $3.72M, down from $3.87M. No sign yet of the planned pilot reactivation.
7 Apr 2020quarterly activities report● Neutral
March 2020 quarter: maintenance only, with no NSW advice on the PEL 1 and PEL 12 renewals. Exploration spend $30,276; cash $3.87M, from $3.89M at the start of the quarter. The Palmarc loan was not drawn.
31 Mar 2020agm notice● Neutral
Cover letter enclosing the AGM notice, proxy form and 2019 annual report, all already lodged with ASX. Due to COVID-19, shareholders cannot attend in person; the AGM will be held by Zoom, with proxies due 25 May 2020. No other substance.
30 Mar 2020annual report● Neutral
2019 annual report: field work remained maintenance only and renewals of PEL 1 and PEL 12 still await ministerial approval. Loss $333,826 (2018: $318,636); cash $3.89M. Budgeted 2020 commitment for the 35% share is $3.543M.
30 Mar 2020other● Neutral
Appendix 4G governance checklist filed with the 2019 annual report, pointing to pages 13-20. Compliance paperwork with no new business information.
25 Mar 2020debt financing● NeutralMajor
Unsecured loan facility of up to $1.25M for up to 5 years from Palmarc Investments, a company associated with the Lincoln Smith directors. Each draw is repayable within 12 months at the bank bill rate, and repayment may be made in shares, subject to shareholder approval.
19 Mar 2020drilling scheduled▲ GoodMajor
Approved 2020 NSW work program and budget of $9.865M, ending the long hold on field work if approvals come. This includes reactivating the Kahlua pilot ($6.775M) with a 6-month production test. CRM's 35% share is $3.453M from cash; it assumes licence renewal by end Q2 2020.
31 Jan 2020quarterly activities report● Neutral
December 2019 quarter: maintenance only, with no NSW advice on the PEL 1 and PEL 12 renewals. Exploration spend $6,104; cash $3.89M, down from $4.38M a year earlier.
10 Oct 2019quarterly activities report● Neutral
September 2019 quarter: maintenance only, with no NSW advice on the PEL 1 and PEL 12 renewals. Exploration spend $41,756; cash $3.92M.
4 Sept 2019half year report● Neutral
Only the PwC independence declaration and review report for the half-year to 30 June 2019 are included. PwC found nothing indicating the accounts are misstated. The financial figures are not in the text provided.
12 July 2019quarterly activities report● Neutral
June 2019 quarter: maintenance only, with no NSW advice on the PEL 1 and PEL 12 renewals. Exploration spend $113,179; cash $4.10M.
24 Apr 2019quarterly activities report● Neutral
March 2019 quarter: maintenance only, with no NSW advice on the PEL 1 and PEL 12 renewals. Exploration spend $37,432; cash $4.14M, down from $4.38M at the start of the quarter.
1 Apr 2019agm notice● Neutral
Cover letter to shareholders enclosing the AGM notice, explanatory memorandum, proxy form and 2018 annual report, all already lodged with ASX. No substance beyond administration.
26 Mar 2019other● Neutral
Appendix 4G governance checklist filed with the 2018 annual report, pointing to pages 13-18. Compliance paperwork with no new business information.
26 Mar 2019annual report● Neutral
2018 annual report: field work stayed at maintenance only, with no NSW advice on the PEL 1 and PEL 12 renewals. Loss $318,636 (2017: $280,074); cash $4.38M. Budgeted 2019 commitment for the 35% share is $426,000; Santos says exploration should restart soon.
22 Jan 2019quarterly activities report● Neutral
December 2018 quarter: maintenance only, with no NSW advice on the PEL 1 and PEL 12 renewals. Spend $125,754; cash $4.38M, down from $4.54M a year earlier.
26 Oct 2018quarterly activities report● Neutral
September 2018 quarter: maintenance only, with no NSW advice on the PEL 1 and PEL 12 renewals. Spend $59,070. Cash is not in the text provided.
11 Sept 2018half year report● Neutral
Half-year to 30 June 2018 loss was $121,160, against $139,990 a year earlier. Field work was maintenance only and the PEL renewals are still unanswered. After balance date, directors wrote off $799,166 owed by two gold subsidiaries, with no effect on group accounts.
13 July 2018quarterly activities report● Neutral
June 2018 quarter: maintenance only, with no NSW advice on the PEL 1 and PEL 12 renewals. Spend $2,691; cash $4.45M.
18 Apr 2018quarterly activities report● Neutral
March 2018 quarter: maintenance only, with no NSW advice on the PEL 1 and PEL 12 renewals. Spend $68,952. Cash is not in the text provided.
3 Apr 2018agm notice● Neutral
Cover letter to shareholders enclosing the AGM notice, explanatory memorandum, proxy form and 2017 annual report, all already lodged with ASX. No substance beyond administration.
