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Carbon Minerals Ltd

ASX:CRM
A$0.310Latest close held · delayed

Past year: ▲ 0%(25.0c – 36.0c AUD)

Market cap
A$5.8m
Shares on issue
18.8m
In-ground value
A$2.07bn
Risked multiple
under review
Story beats
33 since 2006
Last event
14 Feb 2024

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

27 Mar 2018annual report● Neutral

2017 annual report: field work stayed at care and maintenance, with no NSW advice on the PEL 1 and PEL 12 renewals. Loss $280,074 (2016: $217,677); cash $4.54M. Santos advises exploration should restart in the near future.

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27 Mar 2018other● Neutral

Appendix 4G governance checklist filed with the 2017 annual report, pointing to pages 13-18. Compliance paperwork with no new business information.

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30 Jan 2018director officer appointment● Neutral

Raphael P. Lincoln-Smith appointed executive director at $4,000 a year plus super. The surname matches chairman Marcus Lincoln Smith; a family relationship is an inference, not stated in the text.

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24 Jan 2018quarterly activities report● Neutral

December 2017 quarter: maintenance only, with no NSW advice on the PEL 1 and PEL 12 renewals. Spend $22,477; cash $4.54M, down from $4.78M a year earlier.

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19 Oct 2017quarterly activities report● Neutral

September 2017 quarter: maintenance only, plus a company site inspection in July 2017. Still no NSW advice on the PEL 1 and PEL 12 renewals. Spend $74,064. Cash is not in the text provided.

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27 July 2017quarterly activities report● Neutral

June 2017 quarter: maintenance only, and still no advice from NSW on the PEL 1 and PEL 12 renewals. Spend $28,552. The cash figure is not in the text provided.

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26 Apr 2017quarterly activities report● Neutral

March 2017 quarter: field work stayed at routine inspection and maintenance, with no word from NSW on the PEL 1 and PEL 12 renewals. Spend $67,692; cash $4.78M.

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31 Mar 2017agm notice● Neutral

Cover letter to shareholders enclosing the AGM notice, proxy form and 2016 annual report, all already lodged with ASX. No substance beyond administration.

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23 Mar 2017other● Neutral

Appendix 4G governance checklist filed with the 2016 annual report, pointing to pages 11-16 of the report. Compliance paperwork with no new business information.

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23 Mar 2017annual report● Neutral

2016 annual report: field work stayed at care and maintenance, and neither PEL 1 nor PEL 12 renewal has been granted. Loss was $217,677; cash $4.78M. The 2017 budgeted share of spend is $327,250.

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20 Jan 2017quarterly activities report● Neutral

December 2016 quarter: maintenance only, with no advice from the NSW government on the PEL 1 and PEL 12 renewal applications. Spend $19,166; cash $4.78M.

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20 Oct 2016quarterly activities report● Neutral

September 2016 quarter: maintenance and leak checks found no leaks. A PEL 12 renewal application was lodged in August, but like PEL 1 it is not expected until NSW administrative procedures are ready. Spend $23,687; cash $4.80M.

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12 Sept 2016half year report● Neutral

Half-year to 30 June 2016 loss was $103,879, against $43,491 a year earlier. Field work was maintenance only, and PEL 1 renewal is still awaited; no NSW petroleum titles have been granted or renewed since August 2014. Cash $4.82M.

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19 July 2016quarterly activities report● Neutral

June 2016 quarter: field work limited to routine maintenance, with Santos filing the annual PEL 1 safety report and continuing community consultation. Spend $57,511. The cash figure is not in the text provided.

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20 Apr 2016quarterly activities report● Neutral

March 2016 quarter: maintenance and well integrity testing only. PEL 1 renewal stays pending until new NSW petroleum legislation is fully operational. Spend $81,616; cash $4.85M.

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4 Apr 2016agm notice● Neutral

Cover letter to shareholders enclosing the AGM notice, proxy form and 2015 annual report, all already lodged with ASX. No substance beyond administration.

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24 Mar 2016other● Neutral

Appendix 4G corporate governance checklist filed with the 2015 annual report, pointing to the governance statement in the report. Compliance paperwork with no new business information.

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24 Mar 2016annual report▼ BadMajor

2015 annual report: field work stayed on hold apart from maintenance, and PEL 1 renewal is pending. Loss was $7.24M, mainly a $7.142M write-down of asset book value (versus $31,311 loss in 2014). Cash $4.99M; 2016 budgeted share of spend $341,250.

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11 Mar 2016admin correction● Neutral

From 14 March 2016 the registered office and share register move to Mitchell & Partners, 66 Clarence Street, Sydney. Administrative only; no change to the business.

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29 Jan 2016quarterly activities report● Neutral

December 2015 quarter: maintenance only, with extra methane-in-air and groundwater baseline work. The JV approved a 2016 work program and budget, and PEL 1 renewal is anticipated early in 2016. Spend $90,804; cash $4.99M.

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29 Oct 2015quarterly activities report● Neutral

September 2015 quarter: field work stayed at routine well maintenance, and an EPA leak survey of the Kahlua wells found no leakage. The PEL 1 renewal is still pending while the JV finalises extra documents under new minimum standards. Spend $34,205; cash $5.11M.

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11 Sept 2015half year report● Neutral

Half-year to 30 June 2015 loss was $43,491, versus $12,302 a year earlier. Field work remained on hold apart from maintenance, and PEL 1 renewal is pending. Cash was $5.14M.

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21 July 2015quarterly activities report● Neutral

June 2015 quarter: PEL 1 renewal is still pending, as the regulator asked Santos for more work-program information under new standards. NSW reintroduced a licence buy-back scheme; neither the company nor Santos plans to surrender. Spend $111,955; cash $5.14M.

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30 Apr 2015quarterly activities report● Neutral

March 2015 quarter: field work was routine maintenance only. Santos delivered the two-year surface water baseline report, and PEL 1 renewal is awaited with no impediment foreseen. Spend $169,870; cash $5.36M.

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23 Mar 2015annual report● Neutral

2014 annual report: exploration drilling and seismic stayed suspended over PELs 1 and 12 all year; work was maintenance and environmental baseline surveys. The company still believes Gunnedah will prove commercial. Cash was $5.48M at year end.

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30 Jan 2015quarterly activities report● Neutral

December 2014 quarter: surface water baseline sampling completed (18th round) and PEL 1 renewal applied for in December. Company and Santos are setting a 2015 work program that could include resuming on-ground exploration. Spend $313,918; cash $5.47M.

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28 Oct 2014quarterly activities report● Neutral

September 2014 quarter: the NSW Chief Scientist's final CSG report, expected in 2014, was released on 30 September and said risks can be managed with effective controls. NSW extended the freeze on new licence applications by a year; existing tenure is unaffected. Spend $241,895.

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9 Sept 2014half year report● Neutral

Half-year to 30 June 2014 loss was $12,302, against a $767,584 loss a year earlier. Field operations remained on hold apart from maintenance. Cash was $5.997M.

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31 July 2014quarterly activities report● Neutral

June 2014 quarter: Santos received an NSW EPA licence in May for future work in PELs 1 and 12, but a groundwater plan must be approved before pilot wells restart. Field work was maintenance only. Spend $98,783; cash $5.997M.

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28 Apr 2014quarterly activities report● Neutral

March 2014 quarter: field work stayed on hold apart from well site maintenance at Kahlua and earlier sites. Santos made submissions on the draft Land Access Code, and the water-quality baseline should finish by end December 2014. Spend $40,089.

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