16 Nov 2006other● Neutral
Monthly cash flow report for October 2006: cash at month end of $210,000 after a $35,000 operating outflow. A routine financial return.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
18 Oct 2006material agreement termination▼ BadMajor
The Indonesian authority cancelled the L Parigi gas tender, ending the consortium's recommended-winner status from January 2006. The company does not know why. The option to lift its stake by 55% lapses if the tender is cancelled, per the company.
13 Oct 2006other● Neutral
Monthly cash flow report for September 2006: cash at month end of $245,000 after a $44,000 net outflow. A routine financial return.
13 Sept 2006other● Neutral
Monthly cash flow report for August 2006: a $97,000 operating outflow, $350,000 of share issue proceeds, and cash at month end of $289,000 after a $253,000 rise in the month. A routine financial return.
28 Aug 2006other● Neutral
Monthly cash flow report for July 2006: a $60,000 operating outflow and cash at month end of $36,000. A routine financial return.
27 July 2006capital raising announcement● NeutralMajor
The company agrees to place up to 50 million shares at 0.7 cents through Melbourne Capital to raise $350,000 for working capital, on a best-endeavours basis.
26 June 2006other● Neutral
Monthly cash flow report for May 2006: cash at month end of $120,000 after a $71,000 operating outflow. A routine financial return.
25 May 2006farm in farm out agreement▲ GoodMajor
The company gains a call option to lift its L Parigi gas consortium stake from 20% to 75% by issuing 175 million shares at 0.5 cents, about 19% of capital, exercisable to 24 November 2006. It also agreed to sell the Heathcote gold plant to Resource Base for $495,000, subject to approvals.
22 May 2006other● Neutral
Monthly cash flow report for April 2006: cash at month end of $191,000 after a $66,000 operating outflow. A routine financial return.
24 Apr 2006other● Neutral
Monthly cash flow report for March 2006: cash at month end of $198,000, up from $56,000, with $152,000 received from share issues. A routine financial return.
11 Apr 2006capital raising announcement● NeutralMajor
The company announced it had successfully closed its share purchase plan, raising $266,000. That was well short of the $1.1 million it had sought.
27 Mar 2006other● Neutral
Monthly cash flow report for February 2006: cash at month end of $56,000. A routine financial return.
15 Mar 2006half year report▼ Bad
Half-year accounts to 31 December 2005 show a loss of $372,218, up from $227,409 a year earlier. The Indonesian gas tender is still awaiting a letter of intent for final contracts. Operations are otherwise as previously reported.
14 Mar 2006capital raising announcement● Neutral
The share purchase plan closing date is extended to 31 March 2006, partly because shareholders had trouble reaching the company after its office address change. Other terms, including the $1.1 million target, are unchanged.
20 Feb 2006capital raising announcement● Neutral
Offer booklet for the share purchase plan: parcels of $2,000 to $5,000 each, closing 17 March. It says the company is still awaiting the Indonesian letter of intent for the L Parigi gas project. Repeats the terms already announced.
20 Feb 2006other● Neutral
Monthly cash flow report for January 2006: net operating outflow of $86,000 and cash at month end of $41,000. A routine financial return.
16 Feb 2006capital raising announcement● NeutralMajor
The company offers a share purchase plan to all shareholders to raise up to $1.1 million, at the lesser of 1.1 cents or 80% of the post-close average price. Funds are for L Parigi offshore gas project costs and working capital.
20 Jan 2006other● Neutral
Monthly cash flow report for December 2005: net operating outflow of $143,000 for the month and cash at month end of $52,000. A routine financial return.
12 Jan 2006admin correction● Neutral
Administrative notice: the share register moves to Link Market Services from 16 January 2006. No substance beyond new registrar contact details.
6 Jan 2006regulatory community update● Neutral
The objection period on the Indonesian tender ended with no objection raised against the company. ASX says Listing Rule 11.1.2 applies, so shareholders must approve the transaction at a meeting to be called.
3 Jan 2006asset acquisition disposition▲ GoodMajor
New Holland Mining says it holds a 20% interest in a consortium recommended to win a 15-year contract to enhance a producing Indonesian gas project, with 1.1 trillion cubic feet remaining reserve. Interest is fully funded by the consortium; a 3-day objection period runs to 5 January.