Past year: ▼ 50%(1.50c – 3.00c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
1 Sept 2026debt financing▲ GoodMajor
The four noteholders extended the interest-free period on their notes from 31 December 2026 to 31 December 2028, resolving the earlier May 2025 proposal. A further US$300,000 was repaid in late August, leaving US$13.87m. The text does not mention the AIX listing.
28 Aug 2026security holder rights change● Neutral
Gander and Kruzhkov were each issued 1,000,000 share rights on 26 August 2026 in lieu of director fees for January to June 2026, at a deemed price of A$0.03. Routine fee-in-securities issue.
2 July 2026security holder rights change● Neutral
833,333 shares will be released from voluntary escrow on 10 July 2026. Routine notice; no new shares are issued.
16 Mar 2026half year report● Neutral
Half-year to 31 Dec 2025: loss A$58,302 (prior period A$1.197m loss), with ~88,600 barrels produced and sold domestically (prior ~98,000). J-53 and J-55 remain shut in awaiting funding. All three fields are now gas-integrated, completing the Phase 2 project.
10 Mar 2026security holder rights change● Neutral
Gander and Kruzhkov were each issued 1,000,000 share rights on 4 March 2026 in lieu of director fees for July to December 2025, at a deemed price of A$0.03. Routine fee-in-securities issue.
16 Feb 2026security holder rights change● Neutral
833,334 shares will be released from voluntary escrow on 26 February 2026. Routine notice; no new shares issued.
2 Feb 2026admin correction● Neutral
Registered office moved to Suite 303, 365 Little Collins Street, Melbourne, effective 2 February 2026. Phone number unchanged. Administrative.
12 Dec 2025production update▲ GoodMajor
The West Zhetybai gas pipeline was commissioned and the first associated gas was sold to neighbouring producer MMG. All three oilfields are now tied into neighbouring gas utilisation infrastructure, so gas produced during full-field drilling can be utilised in an approved manner.
30 Sept 2025annual report● Neutral
Corporate governance statement for the year to 30 June 2025, stating compliance with ASX principles. Standard governance disclosure with no new business developments.
30 Sept 2025annual report▼ Bad
FY2025 loss A$2.88m (FY2024: profit A$1.85m); ~195,000 barrels produced, revenue ~A$10.28m at ~A$53/bbl, all domestic. Net liabilities A$566k; cash A$3.23m. Accounts rely on going concern and ability to raise cash; debt US$15.17m, funding options still under review.
27 Aug 2025security holder rights change● Neutral
3,321,933 shares issued to director Keith Martens in August 2024 in lieu of fees will leave voluntary escrow on 3 September 2025. Routine administrative notice; no new shares are created.
18 July 2025director officer appointment● NeutralMajor
Alexey Kruzhkov, a director since 2016 and Waterford's board representative, becomes Non-Executive Chairman. Geoff Gander moves from Chairman/CEO to Managing Director/CEO. Pay is unchanged and no new director is expected after Kuandykov's death.
9 July 2025security holder rights change● Neutral
Directors Kruzhkov and Gander were each issued 1,000,000 share rights on 9 July 2025 in lieu of fees for January to June 2025, at a deemed price of A$0.03. Routine fee-in-securities issue.
10 June 2025director officer appointment▼ Bad
Non-executive director Baltabek Kuandykov, on the board since 2010, has died after a short illness. The board will update shareholders on its composition and says it still meets ASX guidelines.
22 May 2025debt financing▲ GoodMajor
All four noteholders agreed to extend the interest-free period from end-2026 to 31 December 2028 and cap repayments at US$1.5m in 2025 and US$1m in 2026. Both changes depend on the AIX dual listing completing. Eases debt pressure if the listing proceeds.
14 Mar 2025half year report▼ Bad
Half-year to 31 December 2024: loss A$1.2m (prior-year half: profit A$142,750), including a A$1.44m foreign exchange loss. About 98,000 barrels produced (prior year 113,000), all sold domestically. J-53 and J-55 remain shut in awaiting funding.
3 Mar 2025security holder rights change● Neutral
Shares on issue now 1,279,885,521 after 3,666,666 shares to the employee share plan trust and 833,334 to director Keith Martens for fees on 26 February 2025. Includes 31,646,800 shares held on trust. Routine.
3 Mar 2025capital raising announcement▼ BadMajor
The A$3m placement at A$0.03 will not proceed because the A$3m minimum subscription was not met; application money will be returned. The company will keep exploring Australian raising options and intends a dual listing on Kazakhstan's Astana International Exchange to raise from Kazakh investors. The new Akkar East well's funding is now open again.
13 Feb 2025capital raising announcement● Neutral
The general and director offers of the placement were extended from 7 February to 3 March 2025, with share issue moved to 5 and 10 March. The shareholder offer had closed on 7 February. This delays the A$3m raise.
23 Dec 2024regulatory community update▲ Good
Kazakh authorities gave written permission to issue new shares, valid to 19 December 2025. This was a required condition for closing the 11 December placement prospectus, whose timetable is unchanged.
11 Dec 2024capital raising announcement● NeutralMajor
Plans to raise A$3m at A$0.03 per share, up to A$4m with oversubscriptions, led by Vested Equities for a 6% commission. Funds go to a new Akkar East well expected to spud 1Q 2025, targeting ~640 to ~1,000 bbl/d. Resolves the funding question for the next well, if the raise completes.
11 Dec 2024capital raising announcement● Neutral
Placement prospectus lodged for 100m shares at A$0.03 to raise ~A$3m, with up to 33.3m more in oversubscriptions. It includes a A$500k shareholder offer and a A$100k director offer needing shareholder approval. Not underwritten; described as highly speculative.
What it means for a shareholder
100m new shares at A$0.030 to raise about A$3.0m. That's 5.4% dilution: every existing holder's slice gets 5.4% smaller. If you held A$1,000 of shares (33,333 at the issue price), your slice goes from 0.00192% to 0.00181% of the company. To keep it you'd need 1,918 more shares - about A$58 at the issue price.
Create a free account to see this worked out for your own holding.
21 Nov 2024security holder rights change● Neutral
3,321,933 shares, issued in February 2024 to Keith Martens in lieu of 2023 director fees, leave voluntary escrow on 9 December 2024. Routine release.
15 Nov 2024material agreement▲ GoodMajor
Gas pipeline project completed and commissioned, with first associated gas sold to MangistauMunaiGas. This delivers the Stage 2 plan agreed in March for Akkar East and Akkar North (EB). West Zhetybai is to be connected during 2025.
27 Sept 2024annual report● Neutral
Corporate governance statement for the year to 30 June 2024, stating compliance with ASX principles. Board of five: one executive, four non-executive, two independent. Administrative.
27 Sept 2024annual report● Neutral
FY2024 profit A$1.85m (FY2023: A$44.19m, which included a A$52.73m debt gain). About 223,000 barrels produced, up 68%; revenue A$11.14m; cash A$3.22m. The accounts are prepared on a going-concern basis that depends on raising more cash.
2 Sept 2024regulatory community update▲ GoodMajor
West Zhetybai was granted a 25-year Full Commercial Licence from 1 September 2024, resolving the pending application. All three fields now hold full licences and its oil can be exported. Gas pipeline commissioning expected 4Q 2024; new well still under discussion.
20 Aug 2024security holder rights change● Neutral
833,333 shares issued to director Keith Martens as payment for his 1 January to 30 June 2024 fees. Shares on issue now 1,274,485,521. Administrative.
14 Aug 2024security holder rights change● Neutral
12,500,000 shares issued in August 2023 to Sleipnir Technologies LLP for services leave voluntary escrow on 16 August 2024. Routine release; no new shares are issued.
5 July 2024admin correction● Neutral
Correction: the shares released from escrow numbered 269,118,108, not 269,118,106. Shares on issue stay at 1,273,652,188. Administrative.
