Past year: ▼ 6%(5.80c – 9.30c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
8 Aug 2025capital raising announcement▲ GoodMajor
Central announces its first shareholder return: an on-market buy-back of up to 10% of shares over 12 months from 15 September 2025, about $4M at recent prices. This delivers the long-flagged return strategy. It will also cash-settle some executive share rights.
5 Sept 2017capital raising announcement▲ GoodMajor
The 5-for-12 entitlement offer at 10c closed with about 61.2% take-up by eligible shareholders, raising about A$11.05m. The roughly 70m-share (about A$7.0m) shortfall goes to the underwriters, Macquarie Capital and Morgans, completing the A$27.2m raising announced 10 August.
18 Aug 2017capital raising announcement● Neutral
Administrative notice that the entitlement offer booklet and personalised forms are being sent to eligible shareholders on 18 August. Applications close 5pm AEST on 31 August 2017. No new substance.
15 Aug 2017capital raising announcement● Neutral
Information booklet for the 5-for-12 non-renounceable entitlement offer at $0.10, fully underwritten. Applications close 5pm AEST on 31 August 2017 unless extended. It repeats already announced terms.
14 Aug 2017capital raising announcement● Neutral
Administrative notice that letters to eligible and ineligible shareholders for the 5-for-12 entitlement offer at 10c are being sent. Record date is 16 August 2017. No new substance.
10 Aug 2017capital raising announcement▲ GoodMajor
Central is raising about A$27.2m at 10c a share: a A$9.2m placement plus a 5-for-12 entitlement offer of about A$18.0m, fully underwritten. Proceeds fund a A$25m, four-well horizontal drilling programme. This answers the chairman's call for equity.
11 Dec 2015capital raising announcement▲ GoodMajor
Central issued 9.17m shares to retail holders under the share purchase plan, raising $1.74m. With the $10.5m placement, the total raised is $12.24m. Management says this funds its capital needs to first NGP gas revenue in 2018 and targets a gas sales agreement in Q1 2016.
What it means for a shareholder
9.2m new shares at about A$0.1897 to raise about A$1.7m. That's 2.1% dilution: every existing holder's slice gets 2.1% smaller. If you held A$1,000 of shares (5,270 at the issue price), your slice goes from 0.00124% to 0.00122% of the company. To keep it you'd need 114 more shares - about A$22 at the issue price.
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16 Nov 2015capital raising announcement● Neutral
MD letter promoting the SPP: funds aim to maximise reserves over two years so Central can fill the NEGI pipeline. It says over 120 PJ is ready to sell and expects contract value over $500m over 10 years. NEGI winner expected mid-November.
16 Nov 2015capital raising announcement● Neutral
Chairman's letter offering the share purchase plan at $0.19, with applications of $2,500 to $15,000 per shareholder. It is capped at $10.5m with pro-rata scale-back, and closes 4 December 2015. Eligible directors intend to participate.
10 Nov 2015capital raising announcement● NeutralMajor
Central placed 55,307,843 shares at $0.19 to institutions, raising about $10.5m gross, a 20.7% discount to the 5-day VWAP. A further SPP of up to $10.5m is planned. Funds go to reserves upgrades and the June 2016 Mereenie payment. First equity raise since Oct 2014.
What it means for a shareholder
55.3m new shares at A$0.190 to raise about A$10.5m. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held A$1,000 of shares (5,263 at the issue price), your slice goes from 0.00143% to 0.00124% of the company. To keep it you'd need 789 more shares - about A$150 at the issue price.
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24 Sept 2014capital raising announcement● NeutralMajor
Central placed 20 million shares at $0.30 to institutions in Australia and Hong Kong, raising $6 million, a 1.7% discount to the 10-day VWAP. DJ Carmichael was lead manager. Funds, with existing cash, are for gas exploration and running costs. Ends the trading suspension.
What it means for a shareholder
20.0m new shares at A$0.300 to raise about A$6.0m. That's 5.4% dilution: every existing holder's slice gets 5.4% smaller. If you held A$1,000 of shares (3,333 at the issue price), your slice goes from 0.000956% to 0.000904% of the company. To keep it you'd need 191 more shares - about A$57 at the issue price.
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26 July 2013capital raising announcement▲ GoodMajor
Central places 100 million shares at $0.10 to raise $10 million, about a 5% premium to the 5-day VWAP, with three institutions taking over 80%. It says this funds Surprise West and Surprise East #1 to production, and expects about $20m free cash flow next year if they perform.
What it means for a shareholder
100m new shares at A$0.100 to raise about A$10.0m. That's 6.5% dilution: every existing holder's slice gets 6.5% smaller. If you held A$1,000 of shares (10,000 at the issue price), your slice goes from 0.000694% to 0.000649% of the company. To keep it you'd need 694 more shares - about A$69 at the issue price.
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4 Apr 2012capital raising announcement▲ GoodMajor
Central completed an $11m placement of 130m shares at 8.5c, a 6% discount to the 5-day VWAP, to fund Surprise appraisal and support farm-out talks. Placees get one free 12.5c option per two shares, subject to shareholder approval. Follows the 5.5c raisings in February.
What it means for a shareholder
130m new shares at A$0.085 to raise about A$11.0m. That's 9.4% dilution: every existing holder's slice gets 9.4% smaller. If you held A$1,000 of shares (11,765 at the issue price), your slice goes from 0.000939% to 0.00085% of the company. To keep it you'd need 1,220 more shares - about A$104 at the issue price.
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6 Feb 2012capital raising announcement▲ GoodMajor
Central raised $9.9m before costs via the share purchase plan and a 50m-share top-up placement at 5.5c, to fund Surprise appraisal (EPT, 3D seismic, drilling). EPT is planned for April and may run six months or more; an oil sales contract is expected within weeks.
3 Feb 2012capital raising announcement● Neutral
Central's shares and options are placed in voluntary suspension from 3 February 2012 pending an announcement on a material capital raising, to last no later than trading on 6 February. No size or price is given.
16 Dec 2011capital raising announcement● Neutral
The share purchase plan closing is extended a fourth time, to 25 January 2012, described as the final extension, to allow for the horizontal drilling and testing at Surprise-1 ST-1. Patersons' $5.5m underwriting is extended but can still be withdrawn.
5 Dec 2011capital raising announcement● Neutral
The share purchase plan closing is extended a third time, from 6 to 16 December 2011, so shareholders can see more Surprise-1 results. Patersons' $5.5m underwriting is extended too, but can still be withdrawn on market conditions or the share price.
23 Nov 2011capital raising announcement● Neutral
Central extends the SPP closing a second time, from 28 November to 6 December 2011, so shareholders can see Surprise-1 ST1 results first. Patersons' $5.5m underwriting is extended but can still be withdrawn on market conditions or the share price.
18 Oct 2011capital raising announcement● Neutral
Central extends the SPP closing date from 20 October to 28 November 2011 so shareholders can see Surprise ST-1 drilling results first. The $5.5m Patersons underwriting is extended but can be withdrawn on market conditions or share price.
23 Sept 2011capital raising announcement● Neutral
Central sent out the terms of its Share Purchase Plan, announced 15 September. Eligible shareholders could buy A$2,500 to A$15,000 of shares at A$0.055, an 18% discount, with allotment on 1 November 2011. No new figures were given.
21 Sept 2011capital raising announcement● Neutral
Central confirms the Share Purchase Plan is underwritten by Patersons to $5.5m at 5.5 cents, offered to existing shareholders on the same terms as the 91m-share, ~$5m placement. Opens 26 September, closes 20 October 2011. Funds go to drilling and working capital.
15 Sept 2011capital raising announcement● NeutralMajor
Central completes a placement of 91.0 million shares at 5.5 cents, raising about $5.0m via Patersons, for its drilling strategy and working capital. A Share Purchase Plan underwritten for $5.5m is planned. Price is well below the 8.6c placement of September 2010.
What it means for a shareholder
91.0m new shares at A$0.055 to raise about A$5.0m. That's 8.5% dilution: every existing holder's slice gets 8.5% smaller. If you held A$1,000 of shares (18,182 at the issue price), your slice goes from 0.00185% to 0.00169% of the company. To keep it you'd need 1,684 more shares - about A$93 at the issue price.
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12 Sept 2011capital raising announcement● NeutralMajor
At Central's request, CTP shares and CTPO options are suspended from 13 September 2011 pending an announcement of a material capital raising, for up to two trading days (to 15 September). Size and price are not yet disclosed; it follows the failed SPP and ACBO termination.
22 Aug 2011capital raising announcement● NeutralMajor
Central mandates Canaccord Genuity and Cormark Securities as financial advisers for a proposed TSXV listing in Q4 2011 to Q1 2012. Surprise-ST1 re-entry is now 'contingent', mid to late September. A 12-18 month programme includes Mt Kitty-1 and Madigan-1. Listing is not yet done.
17 Jan 2011capital raising announcement▼ BadMajor
The share purchase plan, which closed 14 January 2011, drew minimal applications, so it will not be extended and all money will be returned. It resolves the SPP extended twice and no longer underwritten; the $6.45m placement is not mentioned.
30 Nov 2010capital raising announcement● Neutral
Central extends the share purchase plan again, from 6 December 2010 to 14 January 2011, to let shareholders weigh Surprise-1 flow test results. Allotment moves to 24 January 2011. The first extension was already made on 3 November.
3 Nov 2010capital raising announcement▼ BadMajor
Central extends its share purchase plan closing date from 3 November to 6 December 2010, so shareholders can see Surprise-1 results first. Patersons advised the underwriting of the first $12.9m no longer applies, so that minimum is no longer guaranteed.
5 Oct 2010capital raising announcement● Neutral
Central opens its share purchase plan at 8.6c per share, with parcels of $2,500 to $15,000, closing 3 November and shares allotted 12 November. Proceeds fund Johnstone West evaluation, 3D and 2D seismic, and working capital. This is the SPP detail of the 28 September raising.
28 Sept 2010capital raising announcement● NeutralMajor
Central raised $19.35m at 8.6c per share, an 18% discount to the 10.5c close: a $6.45m placement of 75m shares plus an underwritten share purchase plan of at least $12.9m. Funds go to about 300km2 of 3D seismic and appraisal at Johnstone and Surprise.
4 May 2010capital raising announcement▲ Good
Central completes the retail part of its rights issue: $13.65m received, with 182.06m new shares and 36.4m options (16c, expiring 31 March 2014) issued. The roughly 120m-share shortfall (about $9.0m) and about 60m underwriter options follow. Top 20 lists are included.
