Past year: ▼ 50%(1.50c – 3.00c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
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.
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.
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23 Sept 2013capital raising announcement● NeutralMajor
Jupiter committed to US$6.5m of Series B convertible notes at 12%, convertible at US$1.25, netting US$3.305m after repaying US$3m of Mobile Energy notes and fees. Series A holders converted into Series B, so US$15.5m of notes now accrue interest rather than paying it quarterly.
31 May 2013capital raising announcement● NeutralMajor
Jupiter issued US$9m of three-year convertible notes at 12%, convertible at US$1.25 (up to 7.2m shares). Waterford, SNG, Weighbridge and Mobile Energy subscribed. Net proceeds are US$5.7m after repaying the US$3m Mobile promissory notes and fees. This follows the earlier loans.
25 July 2012capital raising announcement▲ GoodMajor
The rights issue closed with ~65% acceptances (18.85m shares). The 10.19m-share shortfall goes to underwriters Waterford and Soyuzneftegas Capital. The full A$11.61m was raised at A$0.40, taking shares to 145,162,693. GMP Securities was added as joint broker.
26 June 2012capital raising announcement● Neutral
Letter to shareholders restating the A$11.6m, 1-for-4 entitlement issue at A$0.40, the use of funds and the eligible countries. It adds nothing beyond the prospectus already announced.
25 June 2012capital raising announcement● Neutral
Letter to optionholders on the A$11.6m, 1-for-4 entitlement issue at A$0.40. Options carry no participation rights unless exercised before the record date. No new information beyond the prospectus.
25 June 2012capital raising announcement● NeutralMajor
Jupiter launched a fully underwritten 1-for-4 entitlement issue at A$0.40 to raise ~A$11.6m, underwritten by Waterford and Soyuzneftegas Capital. Funds mainly go to the J-55 and J-58 wells (A$5m each). This is the capital raising planned for H1 2012; the offer closes 20 July.
30 May 2011capital raising announcement▲ GoodMajor
The placement closed: 226.5m shares at 4.9c raised about A$11.1m before roughly A$282,000 of costs. J-52 Triassic flow testing is nearly complete, and Z-sand (now confirmed Lower Jurassic) testing is expected in June.
What it means for a shareholder
227m new shares at A$0.049 to raise about A$11.1m. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held A$1,000 of shares (20,408 at the issue price), your slice goes from 0.00135% to 0.00117% of the company. To keep it you'd need 3,058 more shares - about A$150 at the issue price.
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18 May 2011capital raising announcement● NeutralMajor
Jupiter plans to raise up to A$11.1m by placing up to 226.5m shares at 4.9c to institutions, equal to the prior close. Waterford rises to 29.77%. Funds are for the Block 31 programme, including 3 new wells.
What it means for a shareholder
227m new shares at A$0.049 to raise about A$11.1m. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held A$1,000 of shares (20,408 at the issue price), your slice goes from 0.00135% to 0.00117% of the company. To keep it you'd need 3,058 more shares - about A$150 at the issue price.
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18 Aug 2010capital raising announcement● Neutral
Prospectus lodged for the 1-for-3 non-renounceable rights issue at 2.7c, raising up to about A$9.17m and fully underwritten by Waterford Petroleum. The offer closes 22 September 2010. It formalises the August raising already announced.
13 Aug 2010capital raising announcement● NeutralMajor
JPR plans to raise A$16.67m at 2.7c, well below April's 6.5c. This covers a A$3.59m placement giving Waterford 13%, A$3.91m of loans convertible into 144.8m shares, and a A$9.17m 1-for-3 rights issue underwritten by Waterford. Funds drill J-51 and J-52; Waterford may nominate two directors.
20 Apr 2010capital raising announcement▲ GoodMajor
JPR raised A$6.5m by placing 100 million shares at 6.5c, largely with UK and Australian institutions, to bring forward J-51, NWZ 2 testing, infrastructure and new acreage. Initial logs show 43m of net pay in J-50 at a total depth of 3156m.
What it means for a shareholder
100m new shares at A$0.065 to raise about A$6.5m. That's 11% dilution: every existing holder's slice gets 11% smaller. If you held A$1,000 of shares (15,385 at the issue price), your slice goes from 0.00196% to 0.00174% of the company. To keep it you'd need 1,964 more shares - about A$128 at the issue price.
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11 Feb 2010capital raising announcement● NeutralMajor
JPR raised A$2.25m by placing 50 million shares at 4.5c, mainly with UK institutions. Directors may take up to 3m shares, subject to shareholder approval in March. The board says this is enough to bring NWZ 2 and J-50 into trial production.
What it means for a shareholder
50.0m new shares at A$0.045 to raise about A$2.3m. That's 6.4% dilution: every existing holder's slice gets 6.4% smaller. If you held A$1,000 of shares (22,222 at the issue price), your slice goes from 0.00302% to 0.00283% of the company. To keep it you'd need 1,509 more shares - about A$68 at the issue price.
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9 Oct 2009capital raising announcement● Neutral
JPR allots 92.5m shortfall shares from the rights issue plus 12.5m shares to Indian Ocean Capital as its management fee. Issued capital is now 736.2m shares, completing the rights issue. Director Svanbayev took up his full entitlement.
24 Sept 2009capital raising announcement▲ GoodMajor
The 1-for-1 rights issue at 2c closed oversubscribed once shortfall requests are counted, raising $7.237m. This resolves the funding gap for the Akkar North extension well, now named SV Akkar. The NWZ 2 re-entry is expected to finish in October.
27 Aug 2009capital raising announcement● Neutral
Letter to shareholders repeating the 1-for-1 offer at 2 cents (up to about $7.24m, $3m minimum). Full take-up would lift shares from 361.9m to about 736m, including up to 12.5m shares as the manager's fee. No new terms.
21 Aug 2009capital raising announcement● NeutralMajor
JPR lodges a prospectus for a 1-for-1 non-renounceable entitlement issue at 2 cents per share to raise up to about $7.24m, managed by Indian Ocean Capital. It follows the 7.5c placement of May 2008; closes 23 September 2009. Funds target the Akkar N extension well.
19 May 2008capital raising announcement▲ GoodMajor
Book build completed for a $7.6m placement of 100m shares at 7.5c plus 100m listed options at 0.1c, led by Indian Ocean Capital. Subject to shareholder approval on 21 May; funds the Block 31 acquisition, meeting the A$6m condition.
15 June 2007capital raising announcement▲ GoodMajor
Raising completed: $4.1m in this round, finishing the $4.8m total announced 10 April 2007. Erkin Svanbayev, a Kazakh engineer, joins the board as foreshadowed. Geoff Gander visits Kazakhstan next week to review projects; a specific initial project is to be announced.
8 June 2007capital raising announcement● Neutral
Prospectus lodged for the 100m shares at 4c with a free 8c option each (expiring 30 June 2010), raising $4m. Offer opens 8 June and closes 13 June 2007. Follows the 7 June meeting; formalises the April-announced raising.
10 Apr 2007capital raising announcement● NeutralMajor
Jupiter plans to raise up to $4.8m through Indian Ocean Capital clients: 17.5m shares at 4c ($700k), 100m shares at 4c with free 8c options ($4m), and 100m options at 0.1c ($100k). The last two need shareholder approval. Aim is an overseas oil and gas project.
What it means for a shareholder
17.5m new shares at A$0.040 to raise about A$700,000. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held A$1,000 of shares (25,000 at the issue price), your slice goes from 0.0212% to 0.0185% of the company. To keep it you'd need 3,712 more shares - about A$148 at the issue price.
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22 Sept 2006capital raising announcement▲ GoodMajor
Jupiter Biofuels lodged its prospectus to raise A$75m via 150m shares at 50c, to fund the Kuantan plant, with production planned for April 2008. Spin-off is to be voted at the 10 November AGM, record date 17 November, roughly 1 Biofuels share per 2 Jupiter shares.
What it means for a shareholder
150m new shares at A$0.500 to raise about A$75.0m. That's 56% dilution: every existing holder's slice gets 56% smaller. If you held A$1,000 of shares (2,000 at the issue price), your slice goes from 0.00172% to 0.000752% of the company. To keep it you'd need 2,585 more shares - about A$1,293 at the issue price.
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19 Apr 2006capital raising announcement● NeutralMajor
Plans a larger raising: 40 million shares at a minimum of 12.5 cents for $5m, with one free option (8 cents, expiring 31/12/08) per five shares. Subject to shareholder approval at a June meeting; funds are for Jupiter Biofuels and new acquisitions.
3 Apr 2006capital raising announcement● NeutralMajor
Placement of 9.5 million shares at 6 cents to raise $570,000 before costs, for working capital. Offered to sophisticated investors and interests associated with Petroleum Ventures; no shareholder approval needed.
What it means for a shareholder
9.5m new shares at A$0.060 to raise about A$570,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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