Past year: ▲ 4%(8.60c – 13.0c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
17 Mar 2025capital raising announcement▲ GoodMajor
Carnarvon starts a process to potentially return up to 7c per share (A$125m) to shareholders, citing the Dorado delay and no better opportunity yet found. It would keep at least A$62m. Needs shareholder vote and an ATO ruling, expected within six months.
29 Mar 2022capital raising announcement▲ GoodMajor
The A$70m placement was successful: 234,806,987 new shares at A$0.30, settling 4 April and allotted 5 April, with trading resuming. Proceeds are for Dorado FID in 2022 and testing nearby tie-in targets including Apus-1.
What it means for a shareholder
235m new shares at A$0.300 to raise about A$70.0m. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held A$1,000 of shares (3,333 at the issue price), your slice goes from 0.000213% to 0.000185% of the company. To keep it you'd need 500 more shares - about A$150 at the issue price.
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28 Mar 2022capital raising announcement● NeutralMajor
Carnarvon launches a fully underwritten institutional placement of 234.8 million shares at A$0.30 to raise about A$70m, a 9.1% discount to the last close. Funds go to Dorado equity and FEED, the Apus-1 well, Pavo-1 appraisal and corporate costs. This follows the 4 March start of a financing process.
What it means for a shareholder
235m new shares at A$0.300 to raise about A$70.0m. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held A$1,000 of shares (3,333 at the issue price), your slice goes from 0.000213% to 0.000185% of the company. To keep it you'd need 500 more shares - about A$150 at the issue price.
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19 Aug 2019capital raising announcement● Neutral
The share purchase plan closed having raised about A$3.5m, short of the roughly A$5m aimed for, on top of the A$79m placement. Shares are to be allotted 23 August.
2 Aug 2019capital raising announcement● Neutral
Offer documents for the share purchase plan were sent to eligible shareholders, who can buy up to A$15,000 of shares. The offer closes 16 August. Administrative paperwork for the raise already announced.
25 July 2019capital raising announcement▲ GoodMajor
The placement succeeded: 202.6m new shares at 39c (about A$79m), settling 29 July. The share purchase plan, aiming for about A$5m, opens 1 August. Completes the raise announced the day before.
What it means for a shareholder
203m new shares at A$0.390 to raise about A$79.0m. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held A$1,000 of shares (2,564 at the issue price), your slice goes from 0.00019% to 0.000165% of the company. To keep it you'd need 385 more shares - about A$150 at the issue price.
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24 July 2019capital raising announcement● NeutralMajor
Carnarvon launched a fully underwritten A$79m placement at 39c, an 8.2% discount to the last close, plus a roughly A$5m share purchase plan. Funds go to Dorado appraisal, FEED and its equity share of the initial development.
14 Feb 2019capital raising announcement▲ GoodMajor
The placement is completed: A$50m before costs from 151.6m new shares at 33c, with Euroz and RBC as joint lead managers. It funds Dorado-2 and -3, Roc South-1 and studies; management calls the funding position robust.
What it means for a shareholder
152m new shares at A$0.330 to raise about A$50.0m. That's 11% dilution: every existing holder's slice gets 11% smaller. If you held A$1,000 of shares (3,030 at the issue price), your slice goes from 0.000254% to 0.000226% of the company. To keep it you'd need 386 more shares - about A$127 at the issue price.
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12 Feb 2019capital raising announcement● NeutralMajor
Carnarvon launches a ~A$50m placement of 151.6m shares at 33c, a 10.8% discount to the last close. It funds Dorado-2 and -3, Roc South-1, engineering studies and possible 3D seismic. About 13% of shares on issue; not underwritten.
What it means for a shareholder
152m new shares at A$0.330 to raise about A$50.0m. That's 11% dilution: every existing holder's slice gets 11% smaller. If you held A$1,000 of shares (3,030 at the issue price), your slice goes from 0.000254% to 0.000226% of the company. To keep it you'd need 386 more shares - about A$127 at the issue price.
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4 June 2018capital raising announcement▲ Good
The share purchase plan was oversubscribed and will be scaled back pro-rata, completing the A$4m SPP. Together with the 11 May placement, this makes the A$20m raising complete. Allotment is 6 June.
16 May 2018capital raising announcement● Neutral
Offer documents for the share purchase plan (SPP) were sent to eligible shareholders, allowing up to A$15,000 each. The SPP closes 1 June 2018 with allotment on 6 June. This is the retail part of the 11 May raising; the price is not restated in this extract.
11 May 2018capital raising announcement● NeutralMajor
Carnarvon raised A$16m via a placement of about 123m shares at 13c, a 25.7% discount to last close, plus a share purchase plan of up to A$4m. Funds Buffalo-10 drilling, now expected March to September 2019, and working capital.
What it means for a shareholder
123m new shares at A$0.130 to raise about A$16.0m. That's 11% dilution: every existing holder's slice gets 11% smaller. If you held A$1,000 of shares (7,692 at the issue price), your slice goes from 0.000747% to 0.000667% of the company. To keep it you'd need 919 more shares - about A$119 at the issue price.
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20 Dec 2013capital raising announcement▼ BadMajor
The entitlement offer was heavily undersubscribed: applications for 48.5m shares raised A$3.1m, against 187.6m shares offered. That left 139.0m shares unsubscribed, well short of the roughly A$12m target.
3 Dec 2013capital raising announcement● Neutral
Administrative notice that the entitlement offer prospectus was dispatched on 3 December. The offer is open and closes 17 December. No new substance.
20 Nov 2013capital raising announcement● NeutralMajor
Prospectus for the 1-for-5 non-renounceable entitlement offer at A$0.064 per share, with a free A$0.10 option per share expiring 29 December 2015, to raise up to about A$12m. Offer closes 17 December. Not underwritten.
20 Nov 2013capital raising announcement● NeutralMajor
Carnarvon launches a 1-for-5 entitlement offer at A$0.064 with a free A$0.10 option, to raise up to about A$12m. Funds are to cover possible Phoenix South-1 costs beyond the US$50m free-carry, such as deeper drilling or cyclone delays. Non-participants are diluted.
30 Oct 2012capital raising announcement▲ Good
The Share Purchase Plan was oversubscribed beyond A$5 million and will be scaled back pro-rata, so no shortfall placement is needed. Shares are allotted 2 November and trade from 6 November. Completes the raising; the SPP shortfall resolution is withdrawn from the 16 November AGM.
12 Oct 2012capital raising announcement● Neutral
Share Purchase Plan offer documents, announced 4 October, have been sent to eligible shareholders. Eligible holders can buy shares without brokerage; the cover letter says up to A$5 million is sought, with scale-back if oversubscribed. Administrative step in the existing raising.
4 Oct 2012capital raising announcement● NeutralMajor
Carnarvon said it would raise up to about A$15.0m by placing up to 182.9m shares at A$0.082. A$8.4m is unconditional and A$6.6m needs shareholder approval at a meeting expected on 16 November. A Share Purchase Plan capped at A$5m at the same price will follow, with proceeds funding mainly Thai drilling.
What it means for a shareholder
183m new shares at A$0.082 to raise about A$15.0m. That's 21% dilution: every existing holder's slice gets 21% smaller. If you held A$1,000 of shares (12,195 at the issue price), your slice goes from 0.00176% to 0.00139% of the company. To keep it you'd need 3,211 more shares - about A$263 at the issue price.
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11 Apr 2007capital raising announcement● Neutral
Administrative notice that 70 million shares, the first tranche of the 7.7 cent placement, were issued on 5 and 11 April without a disclosure document.
21 Mar 2007capital raising announcement▲ GoodMajor
Carnarvon places 160 million shares at 7.7 cents to raise about $12.32 million via Hartleys, to fund the expanded Phase 2 programme. 70 million shares are issued now and 90 million need shareholder approval in late April. Funds also support talks on two new production opportunities.
What it means for a shareholder
160m new shares at A$0.077 to raise about A$12.3m. That's 25% dilution: every existing holder's slice gets 25% smaller. If you held A$1,000 of shares (12,987 at the issue price), your slice goes from 0.0027% to 0.00202% of the company. To keep it you'd need 4,313 more shares - about A$332 at the issue price.
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1 Sept 2006capital raising announcement▲ Good
The share purchase plan closed oversubscribed, with $1.46 million of applications against the $1 million target, so applications are scaled back. 348 shareholders applied. This completes the 5-cent raising alongside the Hartleys placement.
2 Aug 2006capital raising announcement● NeutralMajor
Carnarvon agreed in principle with Hartleys to place up to 50 million shares at 5 cents (up to $2.5 million), plus a $1 million share purchase plan for existing holders at the same price, an 11.2% discount. Funds go to Phase 1 drilling, new opportunities and working capital.
What it means for a shareholder
50.0m new shares at A$0.050 to raise about A$2.5m. That's 11% dilution: every existing holder's slice gets 11% smaller. If you held A$1,000 of shares (20,000 at the issue price), your slice goes from 0.00486% to 0.00433% of the company. To keep it you'd need 2,428 more shares - about A$121 at the issue price.
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15 Feb 2006capital raising announcement▲ GoodMajor
Carnarvon agreed to place 88.9 million shares at 4.5 cents to raise about $4 million via Hartleys, to fund 3D seismic and drilling at Wichian Buri. Second tranche of 41.4 million shares needs shareholder approval; follows the 1.8c raise in 2005.
What it means for a shareholder
88.9m new shares at A$0.045 to raise about A$4.0m. That's 22% dilution: every existing holder's slice gets 22% smaller. If you held A$1,000 of shares (22,222 at the issue price), your slice goes from 0.007% to 0.00547% of the company. To keep it you'd need 6,219 more shares - about A$280 at the issue price.
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