Past year: ▲ 47%(7.40c – 13.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
13 Mar 2026capital raising announcement▲ GoodMajor
EMP raised about $17.5M through a placement of about 145.8M shares at $0.12, a 14.3% discount to the last close. Funds go to a Valaris 107 rig deposit for February 2027, services, the environment plan and a seabed survey. The funding process continues.
9 July 2025capital raising announcement▲ GoodMajor
EMP raised about $3.7M via a placement of 120.0M shares at $0.031, led by Argonaut, up from $0.023 in December 2024. Funds go toward Judith-2 work, an option fee on the Valaris 107 jack-up rig and long-lead items. A formal farm-out process is to follow.
What it means for a shareholder
120m new shares at A$0.031 to raise about A$3.7m. That's 14% dilution: every existing holder's slice gets 14% smaller. If you held A$1,000 of shares (32,258 at the issue price), your slice goes from 0.00454% to 0.00388% of the company. To keep it you'd need 5,449 more shares - about A$169 at the issue price.
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18 Dec 2024capital raising announcement▲ GoodMajor
EMP raised $3.0M via a placement of about 130.4M shares at $0.023, over three times the October price of $0.007. Funds go to the Judith-2 environment plan and well design. AGR, GaffneyCline, Xodus, Jasco and RPS are appointed; the environment plan is due to be submitted in January 2025.
What it means for a shareholder
130m new shares at A$0.023 to raise about A$3.0m. That's 22% dilution: every existing holder's slice gets 22% smaller. If you held A$1,000 of shares (43,478 at the issue price), your slice goes from 0.0096% to 0.00746% of the company. To keep it you'd need 12,522 more shares - about A$288 at the issue price.
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30 Sept 2024capital raising announcement▲ Good
Tranche 1 of the placement completed: about 62.0M shares issued at $0.007, raising about $0.43M. Tranche 2 (about 127.3M shares, $0.81M) is fully subscribed but awaits shareholder approval at the AGM.
What it means for a shareholder
62.0m new shares at A$0.007 to raise about A$430,000. That's 14% dilution: every existing holder's slice gets 14% smaller. If you held A$1,000 of shares (142,857 at the issue price), your slice goes from 0.0367% to 0.0316% of the company. To keep it you'd need 22,727 more shares - about A$159 at the issue price.
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23 Sept 2024capital raising announcement▲ GoodMajor
EMP raised $1.25M via a placement of about 178.6M shares at $0.007, led by Argonaut, with Nero, Perennial and Regal to become substantial holders. Argonaut is also appointed strategic adviser to assemble a consortium to drill Judith-2. Second tranche needs AGM approval.
What it means for a shareholder
179m new shares at A$0.007 to raise about A$1.3m. That's 31% dilution: every existing holder's slice gets 31% smaller. If you held A$1,000 of shares (142,857 at the issue price), your slice goes from 0.0367% to 0.0251% of the company. To keep it you'd need 65,469 more shares - about A$458 at the issue price.
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29 Apr 2024capital raising announcement▲ GoodMajor
The Share Purchase Plan raised $460,000 through 41.8 million shares at $0.011, plus a $10,000 placement, totalling $470,000. All applications were accepted, well above the $200,000 target, and the proceeds are for continuing exploration activities.
What it means for a shareholder
41.8m new shares at A$0.011 to raise about A$460,000. That's 11% dilution: every existing holder's slice gets 11% smaller. If you held A$1,000 of shares (90,909 at the issue price), your slice goes from 0.0267% to 0.0238% of the company. To keep it you'd need 11,152 more shares - about A$123 at the issue price.
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9 Apr 2024capital raising announcement● NeutralMajor
EMP offers eligible shareholders a Share Purchase Plan of up to $30,000 each at $0.011 per share, targeting about $200,000. It closes 24 April 2024. Follows the October 2023 raise at $0.008.
31 Oct 2023capital raising announcement▼ BadMajor
EMP raised $300,000 by placing 37.5 million shares at $0.008, well below the 3.2c paid in the October 2022 placement. Directors are to seek approval at the 30 November AGM to put in a further $50,000 at the same price.
What it means for a shareholder
37.5m new shares at A$0.008 to raise about A$300,000. That's 12% dilution: every existing holder's slice gets 12% smaller. If you held A$1,000 of shares (125,000 at the issue price), your slice goes from 0.0465% to 0.0408% of the company. To keep it you'd need 17,435 more shares - about A$139 at the issue price.
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25 Oct 2022capital raising announcement● NeutralMajor
EMP raised $1,122,000 through 35M shares at 3.2 cents, a 17.9% discount to the 15-day VWAP, led by EverBlu Capital. Investors get one free option per share ($0.05 strike, 2 years), subject to shareholder approval at the November AGM. Lead manager fee is 6%.
What it means for a shareholder
35.0m new shares at A$0.032 to raise about A$1.1m. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held A$1,000 of shares (31,250 at the issue price), your slice goes from 0.0134% to 0.0116% of the company. To keep it you'd need 4,678 more shares - about A$150 at the issue price.
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10 Feb 2022capital raising announcement● Neutral
The February placement is completed: $1,500,000 raised from 35.3M new shares at 4.25 cents. Creditor settlement is now 2.84M shares worth $120,700, up from the 2.24M shares ($95,200) planned on 3 February. No related parties took part.
What it means for a shareholder
35.3m new shares at A$0.0425 to raise about A$1.5m. That's 14% dilution: every existing holder's slice gets 14% smaller. If you held A$1,000 of shares (23,529 at the issue price), your slice goes from 0.0105% to 0.00904% of the company. To keep it you'd need 3,693 more shares - about A$157 at the issue price.
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3 Feb 2022capital raising announcement● NeutralMajor
EMP raised $1,500,000 via a placement of 35.3M shares at 4.25 cents, a 15% discount to the 5-day VWAP, led by 180 Markets. It also plans to settle $95,200 of creditors with 2.24M shares. Follows cash falling to $294K at December.
What it means for a shareholder
35.3m new shares at A$0.0425 to raise about A$1.5m. That's 16% dilution: every existing holder's slice gets 16% smaller. If you held A$1,000 of shares (23,529 at the issue price), your slice goes from 0.0126% to 0.0106% of the company. To keep it you'd need 4,447 more shares - about A$189 at the issue price.
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18 June 2021capital raising announcement● NeutralMajor
EMP raised $1,000,000 via a non-brokered placement of 33.33M shares at 3 cents, a 14% discount to the 5-day VWAP. It also plans to settle $25,000 of creditor debts with 833,333 shares at 3 cents.
18 Jan 2021capital raising announcement● Neutral
EMP settles its final delayed payment to geological consultant 3D-Geo by issuing 3,500,000 shares at 3.3 cents, worth $115,500. This finalises payment for three years of Judith studies, paid in shares rather than cash.
What it means for a shareholder
3.5m new shares at A$0.033 to raise about A$115,500. That's 2.5% dilution: every existing holder's slice gets 2.5% smaller. If you held A$1,000 of shares (30,303 at the issue price), your slice goes from 0.0221% to 0.0216% of the company. To keep it you'd need 775 more shares - about A$26 at the issue price.
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16 Oct 2020capital raising announcement▲ GoodMajor
The share purchase plan raised $656,000, above the $300,000 target, through 23,428,571 new shares at 2.8 cents. EMP accepted all commitments. This adds to the $500,000 May placement and funds continued exploration.
What it means for a shareholder
23.4m new shares at A$0.028 to raise about A$656,000. That's 19% dilution: every existing holder's slice gets 19% smaller. If you held A$1,000 of shares (35,714 at the issue price), your slice goes from 0.0358% to 0.029% of the company. To keep it you'd need 8,388 more shares - about A$235 at the issue price.
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29 Sept 2020capital raising announcement● NeutralMajor
EMP offers eligible shareholders a share purchase plan of $1,000 to $30,000 each, at the lower of 3.5 cents or a 10% discount to the 5-day VWAP. It targets $300,000, not underwritten, for exploration work and working capital. Follows the May placement.
27 May 2020capital raising announcement● NeutralMajor
EMP raises $500,000 through a non-brokered placement of 18 million shares at 2.75 cents, a 32% discount to the 15-day VWAP of 4.1 cents. Follows the April warning that a small raise was needed. Funds exploration activities.
What it means for a shareholder
18.0m new shares at A$0.0275 to raise about A$500,000. That's 18% dilution: every existing holder's slice gets 18% smaller. If you held A$1,000 of shares (36,364 at the issue price), your slice goes from 0.0446% to 0.0365% of the company. To keep it you'd need 8,023 more shares - about A$221 at the issue price.
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30 Apr 2018capital raising announcement● NeutralMajor
Placement of 43.1m shares at $0.003 raised $126,006 gross, the same price as the November rights issue. Funds go to reservoir engineering ahead of a Q3 2018 resource statement for Vic/P47; partnership talks are planned for Q4 2018.
What it means for a shareholder
43.1m new shares at A$0.003 to raise about A$126,006. That's 4.7% dilution: every existing holder's slice gets 4.7% smaller. If you held A$1,000 of shares (333,333 at the issue price), your slice goes from 0.0385% to 0.0367% of the company. To keep it you'd need 16,592 more shares - about A$50 at the issue price.
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10 Nov 2017capital raising announcement▲ GoodMajor
Rights issue completed, raising $1,554,154 before costs through 518.05m new shares at $0.003 plus 518.05m attaching options. Shares on issue rise from 287.8m to 805.9m. Resolves the raise that was delayed twice; the full amount was raised including the underwritten shortfall.
What it means for a shareholder
518m new shares at A$0.003 to raise about A$1.6m. That's 39% dilution: every existing holder's slice gets 39% smaller. If you held A$1,000 of shares (333,333 at the issue price), your slice goes from 0.0414% to 0.0252% of the company. To keep it you'd need 214,285 more shares - about A$643 at the issue price.
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7 Nov 2017capital raising announcement● Neutral
Rights issue closed with applications for 341.3m of the 518.1m new shares, about $1.02m. The remaining 176.7m shares are a shortfall for underwriter Patersons to place. Shares expected to be issued 9 November.
20 Oct 2017capital raising announcement▼ Bad
A second supplementary prospectus extends the rights issue closing date again, from 27 October to 2 November 2017, so the company can attend the 30 October Doyle dismissal hearing. Second delay to the raise.
18 Oct 2017capital raising announcement● Neutral
A supplementary prospectus extends the rights issue closing date from 20 to 27 October 2017, on lawyers' advice to deal with the Doyle claim and give investors time to assess it. Restates the 1.8 Tcf Vic/P47 estimate.
5 Oct 2017capital raising announcement● Neutral
Confirms the rights issue offer document was posted to eligible shareholders on 5 October 2017. The offer closes 20 October. Administrative only.
27 Sept 2017capital raising announcement● Neutral
Letter to shareholders restating the rights issue terms (9-for-5 at $0.003, about $1.55m). It says proceeds will fund working capital to finalise legacy issues from the previous board and management pending Vic/P47 renewal. Notice only; no new terms.
27 Sept 2017capital raising announcement● Neutral
Notice to option holders: they can join the rights issue only if they exercise existing options before the record date and have an Australian or New Zealand address. Administrative notice.
27 Sept 2017capital raising announcement● Neutral
Prospectus lodged for the rights issue: 9 new shares for every 5 held at $0.003, raising about $1,554,154, with one attaching option per share (exercise $0.005, expiring 31 March 2020). Patersons is lead manager and underwriter. Offer closes 20 October 2017. Formal document for the announced raise.
27 Sept 2017capital raising announcement● Neutral
Letter to overseas shareholders says they are excluded from the rights issue. Patersons will sell their rights as nominee and pay any net proceeds back. Administrative notice.
25 Sept 2017capital raising announcement● NeutralMajor
Oil Basins announces a 9-for-5 renounceable rights issue at $0.003 per share to raise about $1.55 million, with a free option (exercise $0.005, expiring 31 March 2020) per share. Patersons is intended to underwrite. Funds go to exploration ($870k), environmental costs and working capital.
21 Oct 2016capital raising announcement● NeutralMajor
The Share Purchase Plan closed 19 October raising $315,000 from 32 shareholders through 39,375,000 shares at 0.8 cents, allotted 26 October. This is well short of the $516,000 maximum.
What it means for a shareholder
39.4m new shares at A$0.008 to raise about A$315,000. That's 15% dilution: every existing holder's slice gets 15% smaller. If you held A$1,000 of shares (125,000 at the issue price), your slice goes from 0.058% to 0.0491% of the company. To keep it you'd need 22,851 more shares - about A$183 at the issue price.
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12 Oct 2016capital raising announcement● Neutral
OBL extends the Share Purchase Plan again, now closing 19 October 2016, with allotment on 26 October. Price still 0.8 cents. Administrative timetable change.
23 Sept 2016capital raising announcement● Neutral
OBL extends the Share Purchase Plan close from 28 September to 12 October 2016, with allotment moved to 19 October. Price unchanged at 0.8 cents. Administrative timetable change.
