Each one in plain English, with the numbers worked through for a shareholder.
11 Dec 2019drilling progress report▲ Good
The Siciny-2 hydraulic frac was pumped across the perforations at 3,413 m and 3,272 m with stable rate and pressure. Frac fluid is flowing back; the flow test is now due in late December, after workover rig work.
10 Dec 2019drilling progress report● Neutral
A small test injection ('mini-frac') at Siciny-2 was completed on 9 December, ahead of the two-stage frac scheduled for 10 December. Flow test is still planned for December, with a pressure build-up test moved to January-February 2020.
6 Dec 2019drilling progress report▲ Good
Siciny-2 was cleaned up and perforated, and casing and cement logs passed, so the frac can go ahead through casing. Wellhead pressure rose from 5 to 28 bar. Frac fleet is mobilising for the planned December frac and test of the 1.6 Tcf resource.
6 Dec 2019admin correction▼ BadMajor
Company retracts the 5 December economic evaluation (US$1,649m NPV, 62.6% IRR, US$242m risked) after the ASX said no reasonable basis was disclosed. Investors should disregard it. The Siciny-2 frac and test still proceed in December.
6 Dec 2019admin correction● Neutral
Final director interest notices for departed directors Sanders and Lane. 12,000,000 unlisted options at $0.065 expired unexercised on 30 November 2019. Fully paid shares on issue are 485,349,635; no new information on the operations.
5 Dec 2019resource reserve update● Neutral
Xodus development plan, audited by NSAI, for the 1.6 Tcf Siciny-2 resource gave an unrisked pre-tax NPV10 of US$1,649m (US$577m net to Ansila) and US$242m risked. Ansila's share of capital would be US$52m. Retracted the next day.
2 Dec 2019investor presentation● Neutral
December 2019 presentation repeats the Polish earn-in, 1.6 Tcf and 36 MMbbl contingent resources and 210 Bcf prospective. It adds management chance-of-success estimates (42% Siciny-2, 28% Jany-C1) and says a new ventures pipeline is under review. Frac results are still expected by year-end.
29 Nov 2019director officer appointment● Neutral
AGM resolutions all passed. Non-executive directors David Sanders and Bruce Lane resigned, described as streamlining the board after the Matharu and Lewis appointments. Company secretary John Kay is replaced by Ben Secrett from 2 December.
26 Nov 2019other● Neutral
Company took brokers and investors from seven firms to the Siciny-2 and Jany-C1 wellsites in Poland on 25 November. It states no new material information about upcoming operations was disclosed.
25 Nov 2019contract award▲ Good
Gemini hired Ekranpol for a workover rig at Siciny-2 and a coiled tubing unit reached site on 25 November, with well clean-out due 27 November. The frac and flow test of the 1.6 Tcf resource stay planned for December.
13 Nov 2019regulatory community update▲ Good
Polish Ministry of Mines approved the Plan Ruchu, the state operating approval for the Siciny-2 re-entry, frac and flow test. Site preparation is finished; mobilisation is due late November and the frac and test in December 2019.
7 Nov 2019admin correction● Neutral
Re-release of the 7 November contract award announcement with added qualified person and resource-estimate disclaimer wording. No change to the contracts or the December frac and test schedule.
7 Nov 2019contract award▲ Good
Operator Gemini (65%) has awarded Halliburton the frac equipment and pumping work and Weatherford the well testing for Siciny-2. Frac and test remain on a December 2019 timetable, so the Siciny-2 programme is progressing as planned.
31 Oct 2019investor presentation● Neutral
Notice that Ansila will give an investor update at the Oil Capital Conference in London on 31 October 2019. Restates the Polish earn-in for 35% at A$6.15m; no new information.
31 Oct 2019investor presentation● Neutral
October 2019 conference presentation repeats known figures: 35% Polish earn-in for A$6.15m, 1.6 Tcf and 36 MMbbl contingent resources, 210 Bcf prospective, A$3.7m raised. Frac and flow test results still expected by year-end 2019. Nothing new.
17 Oct 2019drilling scheduled▲ Good
Operating committee approves the budget for the Siciny-2 re-entry and frac after independent review. Site preparation runs in October, the two-stage frac in November and the well test from December 2019. Reviewers say work should fit the budget barring problems.
16 Oct 2019other● Neutral
Company name changes from Pura Vida Energy NL to Ansila Energy NL, trading under new ASX code ANA, with a new website. Name change only.
14 Oct 2019capital raising announcement▲ GoodMajor
Pura Vida Energy completed its entitlement issue, raising a total of $2,732,098 before costs. Holding statements were to be mailed to eligible shareholders that week.
9 Oct 2019capital raising announcement● Neutral
Entitlement offer closed 4 October: applications covered 88.8m of 151.8m shares (A$1.60m). The remaining 63.0m shares (A$1.13m) are the shortfall, to be placed with the underwriter CPS, with issue expected 11 October.
3 Oct 2019other● Neutral
Company hires Xodus to produce a conceptual development plan and pre-tax valuation for the 1.6 Tcf Siciny-2 contingent resource, due by end-November 2019. Siciny-2 site work is due to start in October, with results by year-end.
25 Sept 2019annual report● Neutral
2019 annual report for the year to 30 June. The chairman describes the Polish 35% earn-in as repositioning the company, and says Ambilobe farm-out talks continue. Gabon force majeure is unchanged. Financial statements not visible in the excerpt.
25 Sept 2019other● Neutral
Appendix 4G corporate governance checklist lodged with the annual report. Administrative filing with no new information.
24 Sept 2019farm in farm out completion▲ GoodMajor
Completes the Gemini deal, so the company now earns 35% of the Gora and Nowa Sol projects in Poland by spending A$6.15m. Dr Andrew Matharu and Christopher Lewis join the board. Siciny-2 testing is due Nov/Dec 2019; Jany-C1 in Q2 2020.
24 Sept 2019capital raising announcement● Neutral
Entitlement offer closing date extended from 30 September to 4 October 2019, with share issue moved to 11 October. Timetable change only.
23 Sept 2019investor presentation● Neutral
Presentation on the Polish projects repeats known figures: 1.6 Tcf gas and 36 MMbbl oil contingent resources, 210 Bcf prospective, A$6.15m earn-in for 35%. Siciny-2 work to start October, with results in Q4 2019. Nothing new.
18 Sept 2019capital raising announcement● Neutral
Prospectus and entitlement forms sent to shareholders. Timetable now targets Gemini completion and board appointments on 20 September, with the offer closing 30 September and shares issued 7 October.
12 Sept 2019capital raising announcement▼ Bad
Supplementary prospectus: deadline for the Gemini deal's conditions is extended to 23 September 2019, though completion is still expected 16 September. If completion fails, directors will decide whether to extend or withdraw the offer.
10 Sept 2019capital raising announcement● Neutral
Letter to optionholders explaining the A$2.73m offer. CPS gets 25m shares, 20m options at 4 cents and a 6% fee (A$223,926). Shares on issue would rise from 303.6m to 455.3m. About A$326k has been invested in UK private Hartshead Resources Ltd, which is applying for North Sea licences.
10 Sept 2019capital raising announcement● Neutral
Letter to eligible shareholders on the A$2.73m, 1-for-2 entitlement offer at A$0.018, underwritten by CPS. Proceeds mainly fund the Polish work programmes (A$6.15m total). Repeats the prospectus; no new information.
10 Sept 2019capital raising announcement● Neutral
Announces the fully underwritten 1-for-2 entitlement offer at A$0.018 to raise A$2.73m, record date 16 September and closing 30 September. Funds go to the Polish work programmes. It repeats the prospectus.
