Each one in plain English, with the numbers worked through for a shareholder.
10 Feb 2021drilling progress report● Neutral
Post-completion, work has begun on the Phase I development plan and Phase II subsurface analysis, with service contracts still to be awarded. Resource figures repeat known numbers (354 Bcf 2C total, 217 Bcf Phase I). No new results.
8 Feb 2021other● Neutral
Ansila lodges its new constitution, adopted by shareholders at the 29 January 2021 AGM. Standard governance document; no new operational or financial information in the text seen.
3 Feb 2021other● Neutral
ASX lifts the suspension from the start of trading on 3 February 2021, following Ansila's acquisition announcement. Ends the suspension in place since 7 September 2020.
3 Feb 2021business combination▲ GoodMajor
Ansila completes the Hartshead acquisition after shareholder approval, issuing 1,000,000,000 shares to vendors (12-month escrow), and raises an oversubscribed A$8.0m placement at A$0.025 (A$1.0m above plan). The A$7.0m funds Phase I work through to the preliminary FDP. Trading resumes today.
2 Feb 2021capital raising announcement● Neutral
Cleansing prospectus for up to 1,000 shares at $0.025, issued only so the acquisition consideration, placement and adviser shares can be traded freely. It raises no meaningful money; offer closes 3 February.
25 Jan 2021regulatory community update▲ GoodMajor
UK regulator confirms Seaward Licence P2607 over the five Southern North Sea blocks is executed and live. Ansila then held 21.6% of Hartshead; this finalises the provisional award of September 2020 that underpins the pending acquisition vote on 29 January.
21 Dec 2020investor presentation● Neutral
December 2020 presentation repeats the 14 December Hartshead acquisition: 354 Bcf 2C contingent resources, 141 Bcf prospective resources, and Ansila's existing 21.6% stake. No new information.
14 Dec 2020business combination▲ GoodMajor
Ansila agreed to buy the remaining 78.4% of Hartshead Resources in an all-share deal subject to shareholder approval, alongside a A$7.0m placement. The licence holds four discoveries totalling 354 Bcf of 2C contingent resources, and Lewis and Matharu are to become CEO and CFO.
11 Dec 2020director officer appointment● Neutral
Matthew Foy is appointed Company Secretary, replacing Ben Secrett, who has resigned.
5 Nov 2020regulatory community update▲ Good
Hartshead (21.6% Ansila) received the UK regulator's data verification letter for a single licence over the five blocks: 5-year initial term, 2-year second term, 18-year production term. Formal award follows, with provisional start 1 December 2020.
30 Sept 2020annual report● Neutral
Corporate governance statement and Appendix 4G for FY2020, describing board practices against ASX principles. Administrative, with no new operational or financial information.
30 Sept 2020annual report● Neutral
Annual report for the year to 30 June 2020. The visible text repeats the Siciny-2 result (0.001 mD permeability, water blocking gas flow) and the shift to conventional Rotliegendes gas at Gora; financial figures are not in the excerpt.
21 Sept 2020other● Neutral
Ansila asks for a further extension of the voluntary suspension, now until the capital raising and material investment announcement is released, with no end date. Administrative.
14 Sept 2020other● Neutral
Ansila asks to extend its voluntary suspension to 21 September, still pending an announcement on a potential capital raising and material investment, after ASX reviews its submissions. Administrative.
7 Sept 2020other● NeutralMajor
At Ansila's request, ASX suspended its shares from 7 September pending an announcement on a potential capital raising and material investment, following the 3 September pause. Requested to last until the announcement or 14 September.
7 Sept 2020asset acquisition disposition▲ GoodMajor
The UK regulator provisionally awarded Hartshead Resources Ltd, in which Ansila holds 21.6%, five contiguous Southern North Sea blocks from the 32nd round. This resolves the pending application; the blocks hold undeveloped gas resources and drill-ready prospects.
3 Sept 2020other● Neutral
Duplicate of the 3 September ASX notice pausing trading in Ansila's securities pending a further announcement. No new information.
3 Sept 2020other● Neutral
ASX paused trading in Ansila's securities pending a further announcement. No reason is given in the notice itself.
24 Aug 2020price query● Neutral
Responding to an ASX query after the share price rose from $0.02 to an intraday $0.033, Ansila says it knows of no undisclosed information. It notes its UK private holding Hartshead Resources Ltd awaits a decision on seven North Sea blocks.
15 July 2020joint venture update● Neutral
After a virtual OCM, the operator listed options for the Carboniferous gas but flagged material cost and high risk, and said its economics would need revisiting. Focus is conventional Rotliegendes: a Siciny-2 re-entry could start by end-2020, and four new prospects were identified. Licence conversion is delayed by COVID-19.
28 May 2020price query● Neutral
Responding to an ASX price query after the share price rose from $0.008 to $0.013, Ansila says it knows of no undisclosed information. It notes Hartshead Resources Ltd, the UK private entity it holds, applied for seven North Sea blocks and awaits a decision.
20 Apr 2020drilling result▼ BadMajor
Operator analysis of Siciny-2 finds average permeability of 0.001 mD, well below the 0.026 mD from the 2013 mini-frac, and mobile water blocked natural gas flow. Further unconventional attempts would need a new or horizontal well. Focus shifts to conventional Rotliegendes gas; the 1.6 Tcf resource stays unproven.
19 Mar 2020asset acquisition disposition▼ BadMajor
Ansila withdraws from the Nowa Sol concession and the A$2.241m Jany-C1 programme, so its proposed 35% reverts to Gemini. The company cites COVID-19 turmoil, weaker oil and investor aversion to unconventional risk, and says it will preserve cash. Only Gora remains in Poland.
16 Mar 2020half year report▼ Bad
Half-year to 31 Dec 2019: net loss $8,021,506 (prior period $1,306,893). Cash fell to $2,697,981 from $5,794,861 at June 2019; net assets $2,875,378 versus $6,318,290. Operational content repeats earlier Siciny-2 and Gora updates.
27 Feb 2020drilling result● Neutral
The Siciny-2 long-term pressure build-up test is finished and gauges recovered, ending field operations. Data analysis now decides next steps at Gora. An OCM is planned for late Q1 or early Q2 2020; Jany-C1 is still said to be Q2 2020.
3 Feb 2020investor presentation● Neutral
February 2020 presentation repeats known facts: Siciny-2 (1.6 Tcf 2C contingent) pressure test underway, 209 Bcf conventional Gora prospects, Jany-C1 appraisal in Q2 2020 and new ventures. Notes two UK 32nd Round applications via a private North Sea vehicle.
28 Jan 2020investor presentation● Neutral
Corporate update: Siciny-2 pressure build-up test runs to February, with analysis to set next steps. Company turns attention to conventional Rotliegendes gas at Gora (210 Bcf prospective) and a new-ventures strategy; Jany-C1 stays Q2 2020, with a Nowa Sol production licence expected by end Q1.
20 Jan 2020well test result▼ BadMajor
Siciny-2 showed methane at surface, but formation water inflow stopped free gas flowing, so the planned flow tests were dropped for a long-term pressure build-up test ending in February. No gas rate was reported, so commerciality of the 1.6 Tcf resource remains unproven; the company says the work was on time and on budget.
7 Jan 2020drilling progress report● Neutral
Siciny-2 is still flowing fluid rather than gas: 373 m3 of the 850 m3 of frac fluid has come back, and nitrogen is being used to help. Flow tests slip from December into January-February 2020.
17 Dec 2019drilling progress report▲ Good
Frac fluid flowed back through casing with very little proppant returned, which the company says shows proppant stayed in the fracture. Production tubing is to be run after a 24-26 December shutdown, so the well test slips toward year-end or later.
