Past year: ▼ 19%(5.10c – 10.0c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
13 May 2025capital raising announcement▼ BadMajor
The entitlement offer closed with weak take-up: eligible holders applied for 471,874 shares ($29,256) plus 32,785 shortfall shares. A further 1,576,386 shares were placed ($97,736), leaving 2,954,855 shares (about $183,200) unplaced against the $312,225 target.
29 Apr 2025quarterly activities report● Neutral
Quarter to 31 Mar 2025: eight PCA applications (four each over ATP 920 and 924) were accepted and are under assessment. Cash was only A$20,000, with a new investor committed A$110,000. Key is also pursuing acquisitions outside Australia.
22 Apr 2025capital raising announcement● Neutral
Key extended the entitlement offer closing date from 28 April to 6 May 2025, citing Easter and ANZAC Day holidays. Price ($0.062) and terms are unchanged; new shares would be issued 13 May.
8 Apr 2025capital raising announcement● Neutral
Updated offer document for the 1-for-5 entitlement offer at $0.062, no longer underwritten, closing 28 April 2025. Repeats the 4 April update; text is truncated.
8 Apr 2025capital raising announcement● Neutral
The entitlement offer opened 8 April 2025 and documents were dispatched. It remains 1-for-5 at $0.062, up to about $312,225, closing 28 April 2025. Administrative follow-up with no new terms.
4 Apr 2025capital raising announcement▼ BadMajor
The entitlement offer is no longer underwritten: the underwriter failed to deposit the $312,225 required, so Key terminated the agreement. Terms are otherwise unchanged ($0.062, 1-for-5) and closing moves to 28 April 2025. The full raise is now not assured.
31 Mar 2025capital raising announcement● NeutralMajor
Key announced a 1-for-5 non-renounceable entitlement offer at $0.062 per share, no discount, to raise up to about $312,225 from 5,035,900 shares. It was fully underwritten by Yan Shifu. Funds are for asset acquisition, permit costs and working capital. Shares on issue are 25,179,502.
31 Mar 2025capital raising announcement● Neutral
Offer document for the 1-for-5 entitlement offer at $0.062 to raise up to about $312,225, with a shortfall facility. Repeats the 31 March announcement; text is truncated.
7 Mar 2025half year report● Neutral
Half year to 31 Dec 2024: loss of $302,297 (prior half $334,147); cash $186,709. Key lodged PCA applications for ATPs 920 and 924 on 24 Feb 2025, which if granted would hold the permits for 15 years. Approval awaited.
24 Jan 2025quarterly activities report● Neutral
Quarter to 31 Dec 2024: Key will apply for Potential Commercial Area status over ATPs 920 and 924 by the 28 Feb 2025 deadline. Cash was A$187,000 after the A$255,000 placement. Shares now 22,629,502. This follows the earlier PCA consideration.
15 Jan 2025director officer appointment● NeutralMajor
Jin Wei becomes Executive Chairman and Yuqi Cao an Executive Director from 15 Jan 2025. Cao holds roles at Create Capital entities, the name of the December placement investor (inference of link). David Fang resigned as chair, three months after joining.
9 Dec 2024security holder rights change● Neutral
Consolidation completed: shares fell from 2,262,928,126 to 22,629,502 after rounding fractions up. Percentage holdings are unchanged. Holding notices go out 10 Dec 2024.
4 Dec 2024material agreement termination● Neutral
ASF Group's own notice that the undrawn A$200,000 loan facility to Key was terminated by agreement, with no further effect from 4 Dec 2024. Duplicates Key's announcement of the same day.
4 Dec 2024material agreement termination● Neutral
Key and ASF Group mutually terminated the A$200,000 loan agreement signed 18 Oct 2024. Nothing was drawn and no penalties apply. Placement funds raised days earlier mean the loan was not used (inference).
29 Nov 2024capital raising announcement▲ GoodMajor
Key raised A$255,000 before costs by placing 255,000,000 shares at $0.001 each to China Create Capital Holding Group. The money was for developing its Cooper Basin assets ATP924 and ATP920 and for working capital.
What it means for a shareholder
255m new shares at A$0.001 to raise about A$255,000. That's 10% dilution: every existing holder's slice gets 10% smaller. If you held A$1,000 of shares (1,000,000 at the issue price), your slice goes from 0.0442% to 0.0397% of the company. To keep it you'd need 112,686 more shares - about A$113 at the issue price.
Create a free account to see this worked out for your own holding.
28 Nov 2024agm notice● Neutral
All seven AGM resolutions passed on a poll with about 98% support, including electing Fang and Yu, the 100-to-1 share consolidation, and a share issue to ASF Oil & Gas Holdings. The consolidation took effect 28 Nov 2024.
28 Nov 2024security holder rights change● Neutral
Formal update confirming shareholder approval of the 100-to-1 consolidation, effective 28 Nov 2024. Shares fall from 2,262,928,126 to an estimated 22,629,281, with the issue date 10 Dec 2024. Resolves the vote pending from October.
28 Oct 2024security holder rights change● Neutral
Appendix 3A.3 formal notice of the proposed 100-to-1 share consolidation: 2,262,928,126 shares become an estimated 22,629,281, subject to approval on 28 Nov 2024. Issue date is 10 Dec 2024. Repeats the main announcement.
28 Oct 2024security holder rights change● NeutralMajor
Key will ask shareholders at the 28 Nov 2024 AGM to approve consolidating shares 100 into 1, cutting 2,262,928,126 shares to about 22.6m. Holders' percentage stakes are unchanged.
28 Oct 2024quarterly activities report▼ BadMajor
Quarter to 30 Sep 2024: Key chose not to apply for a Petroleum Lease over the Lake Eyre exclusion areas (success judged very unlikely). Renewal capped at 28 Feb 2025. It may seek Potential Commercial Area status on the rest. Cash A$90,000.
28 Oct 2024agm notice● Neutral
Letter to shareholders on the 28 Nov 2024 AGM in Sydney, with proxies due by 26 Nov. Administrative, no new substance.
18 Oct 2024debt financing● NeutralMajor
Key signed an unsecured A$200,000 loan with ASF Group at 10% interest, maturing 18 Oct 2026, for working capital. ASF is a related party (Fang is an ASF director), and this follows the earlier ASF loans that were repaid (inference on relationship).
18 Oct 2024debt financing● Neutral
ASF Group's own announcement of the same A$200,000 unsecured loan facility to Key: 10% interest, maturing 18 October 2026. Duplicates Key's announcement of the same day.
15 Oct 2024director officer appointment● NeutralMajor
Quan (David) Fang (also a director of ASF Group) becomes Non-Executive Chairman and Professor Bingsong Yu joins as a director from 15 Oct 2024. Chair Geoff Baker, Min Yang and Dennis Wilkins resign. AGM set for 28 Nov 2024.
29 Aug 2024other● Neutral
Appendix 4G and corporate governance statement lodged with the annual report. Administrative filing with no new substance.
29 Aug 2024annual report● Neutral
Annual report for year to 30 June 2024. The chair says Queensland's Lake Eyre Basin measures delayed renewals and hit 2% of ATP 920 and 40% of ATP 924, while Alfajor is unaffected. Key keeps seeking farm-in partners and new assets. Text is truncated; no financial figures shown.
31 July 2024quarterly activities report▼ Bad
Quarter to 30 Jun 2024: Key is deciding whether to apply for a Petroleum Lease over the exclusion-zone areas before 30 Aug 2024, and considers Potential Commercial Area status for the rest. Renewal is capped at 28 Feb 2025. Cash was A$172,000.
30 Apr 2024quarterly activities report▼ BadMajor
Quarter to 31 Mar 2024: Queensland's Lake Eyre Basin exclusion zone covers about 2% of ATP 920 and 40% of ATP 924, including Taj; Alfajor is unaffected. Renewal cannot run past 28 Feb 2025. Cash was A$305,000. This changes the earlier Taj/Alfajor priority plan.
1 Mar 2024half year report▼ Bad
Half year to 31 Dec 2023: loss of $334,147 (versus a $807,411 profit a year earlier, which included a $1.0m gain on the Perth Basin sale). Cash was $480,750. Renewals of ATP 920 and 924 are still awaited.
31 Jan 2024quarterly activities report● Neutral
Quarter to 31 Dec 2023: ATP 920/924 renewals still awaited, now delayed by a Lake Eyre Basin ministerial decision. Key sold 11.3m Pilot shares for A$251,453, fully exiting Pilot, and completed the A$295,000 placement. Cash was A$481,000; farm-in talks continue.
