Past year: ▼ 82%(0.20c – 1.10c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
2 Oct 2017annual report● Neutral
Full-year accounts to 30 June 2017 (Dated 2 October). Confirm the shift to Texas oil and gas, $13M raised in the year plus $5.01M after year end, and two Presidio wells drilled. Nicholas Ong joined the board on 4 August 2017.
11 Aug 2017capital raising announcement▲ GoodMajor
The capital raising closed at a total of $18,011,858, just under the $18.88M maximum, and all ASX reinstatement conditions are met. Trading resumes 11 August 2017, ending the suspension since October 2015.
9 Aug 2017other● Neutral
Updated capital structure: 1,283,592,963 shares, 955,197,878 options and 240M performance rights in total. Of these, 1,018,592,963 shares and 300,197,878 options are quoted; the rest are restricted.
9 Aug 2017other● Neutral
Securities trading policy filed as a reinstatement requirement. It bars directors and executives from trading on inside information and in set blackout periods. Administrative.
9 Aug 2017other● Neutral
Top 20 shareholder list at 4 August 2017: Notable Pioneer Limited holds 30.75%, PAA Energy LLC 5.85%, and the top 20 together hold 77.49%. Ownership is highly concentrated.
9 Aug 2017other● Neutral
Option distribution schedule at 4 August 2017: 955,197,878 options (2c, expiring 31 December 2021) held by 480 holders. The 91 largest holders have 98.18%. Administrative disclosure.
9 Aug 2017other● Neutral
Helios listed 265M shares, 240M performance rights and 655M options (2c, expiring 31 December 2021) as restricted securities. All are escrowed for 24 months from the date of official quotation.
9 Aug 2017other● Neutral
ASX pre-reinstatement disclosure cover list: shares return to quotation on 11 August 2017 after the company met Chapters 1 and 2. It lists the documents released alongside it; no new figures of its own.
9 Aug 2017other● Neutral
ASX formal notice confirming reinstatement on 11 August 2017 at 10:00am AEST after the suspension since 13 October 2015. Lists 265M shares, 240M performance rights and 655M options as restricted for 24 months.
9 Aug 2017other● Neutral
Top 20 optionholders at 4 August 2017: Antlers Energy holds 17.59%, PAA Energy 16.93% and Notable Pioneer 13.77%. The top 20 hold 91.43% of the 955M options.
9 Aug 2017other● Neutral
Company confirms the Trinity and Presidio acquisitions completed with conditions satisfied, that nothing stops it spending its cash as planned, and that it complies with the listing rules. Standard reinstatement confirmations.
9 Aug 2017other● Neutral
Updated statement of commitments: total raised was $18,011,858, with pro-forma cash of $11,640,336 at 30 June 2017 after $4.75M spent and $1.63M of acquisition costs. Planned use: about $11.9M on acquisitions and drilling, $2.45M on working capital.
9 Aug 2017other● Neutral
Share distribution schedule at 4 August 2017: 1,283,592,963 shares held by 888 holders. The 347 largest holders (over 100,000 shares each) hold 97.6%. Administrative disclosure required for reinstatement.
9 Aug 2017other● Neutral
Pro-forma balance sheet at 30 June 2017 showed cash of about $11.64M (after an $8.46M adjustment) and exploration assets of about $10.49M. Total assets were about $22.15M, liabilities $747,798 and net assets $21,404,324.
9 Aug 2017other▲ GoodMajor
Shares reinstated to ASX trading from 11 August 2017 under code HE8, ending the suspension that began 13 October 2015. Quoted: 1,018,592,963 shares and 300,197,878 options at 2c expiring 31 December 2021.
9 Aug 2017other● Neutral
The company's constitution, filed as a reinstatement requirement. Covers share rights, minimum shareholding, liens and similar standard governance rules; the text provided is truncated and no new business development is stated.
19 July 2017listing compliance notice● Neutral
The capital raising has reached $17,442,858 of the $18.88M target. The Federal Court has pushed the quotation deadline to 11 August 2017, as ASX reinstatement conditions are still not complete.
10 July 2017listing compliance notice● Neutral
ASX waives Listing Rule 14.7 so the company can issue up to 630M options at 2c (expiring 31 December 2021) after the usual three-month limit, provided they are issued by 19 July 2017. Procedural relief for the planned options placement.
4 July 2017drilling result▲ GoodMajor
Quinn Mesa 113 reached 4,000 feet with oil and gas shows from 2,400 feet; logs show zones worth testing. The well is cased and the rig released, with testing at a date to be set. Two of three Presidio wells are now drilled.
28 June 2017listing compliance notice▲ GoodMajor
Federal Court extends the quotation deadline to 19 July 2017 and confirms the securities issued under the prospectus, subject to quotation by then. Resolves the June risk over the issued shares, but reinstatement is still pending.
27 June 2017drilling result▲ GoodMajor
Quinn Creek 141 hit oil and gas shows between 3,000 and 4,500 feet, and oil to surface, but the Edwards Limestone is deeper than expected. The well is suspended awaiting completion. Second well Quinn Mesa 113 spudded 16 June, at 2,747 feet.
19 June 2017listing compliance notice▼ BadMajor
ASIC says the company cannot rely on the 15 May refresh relief because securities were already issued. The company applied to the Federal Court on 16 June for more time to get quoted, putting the issued securities at risk.
15 May 2017capital raising announcement● Neutral
Second supplementary prospectus refreshes the quotation period; 650M shares ($13M) and 216.7M options have been issued. Applicants may withdraw by 15 June 2017. Administrative step to keep the issue valid while reinstatement is pending.
26 Apr 2017drilling spud● NeutralMajor
Quinn Creek 141, the first Presidio well, spudded 23 April 2017, targeting 6,000 feet over about 10 days. It is the first of three wells needed to earn the 70% working interest.
21 Apr 2017quarterly activities report▲ GoodMajor
March 2017 quarter: on 7 April the Trinity and Presidio acquisitions completed and A$13M was raised under the partly underwritten rights issue. Cash was $206K at quarter end (down from $471K); the company is now placing the shortfall and meeting ASX reinstatement conditions.
29 Mar 2017capital raising announcement● Neutral
Rights issue closed 27 March with only about $304K from shareholders, leaving a $12.7M shortfall against the $13M underwritten amount. Offers remain conditional on the Trinity acquisition and ASX conditional approval for re-quotation.
24 Mar 2017capital raising announcement● Neutral
Clarifies the $13.34M banked: only about $238K came from shareholders, while $13.1M came from CPS Capital's sub-underwriters. So the minimum was reached mainly through underwriting, not shareholder take-up.
21 Mar 2017capital raising announcement▲ Good
CPS Capital underwrites $13M of the rights issue; $13.175M banked so far, above the $12M minimum. Offer closes 27 March; first Presidio well is planned for early April. Reinstatement now expected around 24 April 2017.
17 Mar 2017capital raising announcement● Neutral
Rights issue closing date extended again, now to 27 March 2017 (from 22 March). Terms unchanged: 8 shares per 1 held at 2c, up to $18.88M, with a free 2c option per 3 shares.
17 Mar 2017capital raising announcement▲ GoodMajor
Supplementary prospectus: CPS Capital partially underwrites the rights issue for $13M (650M shares) for a $780K fee. Vendor agreements also varied on board composition and the date of the first Presidio well.
