Each one in plain English, with the numbers worked through for a shareholder.
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.
29 Jan 2021quarterly activities report● Neutral
December quarter: shares stayed suspended pending the Hartshead deal, with the A$7.0m placement at A$0.025 and completion targeted for 1 February. Cash was A$1.1m plus about A$460,000 of investments. Gora work remains a seismic review before any Siciny-2 re-entry.
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.
18 Jan 2021agm notice● Neutral
The venue for the 2020 AGM changes to Bennett + Co, 28 The Esplanade, Perth. Date and time are unchanged: 29 January 2021 at 4pm WST. Administrative.
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.
4 Nov 2020agm notice● Neutral
Ansila expects to hold its AGM in the week of 14 December 2020, using ASIC's COVID relief. The notice is expected to include resolutions on the proposed material investment behind the suspension. Director nominations close 11 November.
30 Oct 2020quarterly activities report● Neutral
September quarter report repeats the Gora review: Siciny-2 unconventional gas blocked by low permeability and water, focus on conventional Rotliegendes with about 210 Bcf prospects and four new prospects. No new work or results reported.
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.
31 July 2020quarterly activities report● Neutral
June quarter report repeats the Siciny-2 analysis and the 15 July OCM review, with no substantive on-ground work in the period. Gabon force majeure continues, with no further resources committed and the US$9m signing bonus claim reserved.
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.
30 Apr 2020quarterly activities report● Neutral
March quarter report repeats the Siciny-2 analysis (0.001 mD permeability, water blocking gas flow) and the 19 March Nowa Sol withdrawal. Gora conventional prospects total 210 Bcf, with well cost about US$0.85m net to Ansila. Gabon force majeure continues.
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.
31 Jan 2020quarterly activities report● Neutral
December quarter report: Siciny-2 was fracked and showed methane at surface, with the isochronal flow test omitted and the pressure build-up test in progress. Gabon force majeure continues with no further spend planned, and the US$9m signing bonus claim is reserved. Repeats known facts.
