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.
23 July 2026quarterly activities report▲ Good
June 2026 quarter: ~42,000 barrels sold domestically for ~US$2.18m at ~US$52/bbl, up from ~US$44. Cash ~A$0.553m; debt US$14.17m. Some wells were shut in for geophysical studies; all July–September oil is sold prepaid to two joint ventures.
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.
21 Apr 2026quarterly activities report● Neutral
March 2026 quarter: ~38,000 barrels sold domestically for ~US$1.68m at ~US$44/bbl, no exports. Cash fell to ~A$0.725m after the US$0.5m noteholder repayment; debt US$14.17m. J-51 workover completed April, expected to add ~100 bbl/day.
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.
19 Jan 2026quarterly activities report● Neutral
December 2025 quarter: ~42,600 barrels sold for ~US$1.6m at ~US$37.50/bbl, all domestic. Cash ~A$2.1m; debt US$14.67m, with US$0.5m repayment planned in Q1 2026. AGM resolutions all carried. West Zhetybai gas pipeline commissioned. AIX update absent from the visible text.
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.
22 Oct 2025quarterly activities report● Neutral
September 2025 quarter: ~46,000 barrels sold for ~US$1.65m at ~US$36/bbl, all domestic, no exports. West Zhetybai gas pipeline due to be commissioned in November. AIX dual listing talks continue; debt US$14.67m.
22 Oct 2025quarterly activities report● Neutral
September 2025 quarter cash flow: receipts A$2.38m, operating cash flow +A$429k. Cash fell to A$1.879m from A$3.226m after A$813k investing outflow and A$767k noteholder repayments. Debt ~US$14.67m.
17 Oct 2025agm notice● Neutral
Sample proxy form for the 19 November 2025 AGM. Resolutions cover the remuneration report, re-election of Alexander Kuzev, a 7.1A placement mandate and 2026 director fees paid in share rights. Administrative.
17 Oct 2025agm notice● Neutral
Access letter for the AGM on 19 November 2025 in Melbourne. Notice of meeting is online only, with proxies due 17 November. Administrative cover letter.
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.
14 July 2025quarterly activities report● Neutral
June 2025 quarter cash flow: receipts A$3.01m, operating cash flow +A$813k. Cash ended at A$3.226m, up from A$2.621m. Noteholder debt ~US$15.17m, with a US$0.5m repayment due by end of July. Repeats the quarterly report lodged the same day.
14 July 2025quarterly activities report● Neutral
June 2025 quarter: ~47,000 barrels sold for ~US$1.8m at ~US$38/bbl, all domestic. Cash ~A$3.23m. AIX dual listing is still under review. No replacement planned for late director Kuandykov. Debt US$15.17m, with US$0.5m due for repayment in July.
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.
17 Apr 2025quarterly activities report● Neutral
March 2025 quarter cash flow: receipts A$2.55m, operating cash flow +A$521k. Cash ended at A$2.621m after A$803k repaid to noteholders. Debt ~US$15.17m.
17 Apr 2025quarterly activities report● Neutral
March 2025 quarter: ~48,000 barrels sold for ~US$1.94m, all domestic. Cash A$2.621m. The A$3m prospectus was withdrawn on 3 March in favour of an AIX dual listing and raising from Kazakh investors. Debt US$15.17m, interest free until at least end-2026.
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.
