Past year: ▼ 14%(2.30c – 4.50c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
13 Mar 2025half year report● Neutral
Half-year report to 31 December 2024. Visible text restates the $5.99m entitlement offer (299.7m shares at $0.02, 1,780.7m shares on issue) and Tanjung Enim POD 1 background, with no significant changes in state of affairs. Financial figures not visible in the truncated text.
11 Mar 2025asset acquisition disposition● NeutralMajor
Relinquishing the Muara Enim 2 PSC (30% interest, operator), leaving three PSCs. The company says there is no material profit impact as costs were fully impaired by FY19, and it will focus on Tanjung Enim. Ends the thread over its extension request.
5 Dec 2024investor presentation● Neutral
Revised re-release of the November 2024 corporate presentation, with a disclaimer section added. Content otherwise appears to repeat the earlier version; no new substance visible.
19 Nov 2024investor presentation● Neutral
Corporate presentation repeating known facts: 9,691 Bcf gas in place across four assets, $6m rights issue, PGN heads of agreement, and Tanjung Enim nearing first revenue. No new information in the visible text.
18 Sept 2024annual report▼ Bad
FY24 annual report: net loss $807k (FY23 $1.04m), cash $146k (FY23 $1.44m), net assets $25.9m. Lists further funding as a key risk. All four PSCs remain pre-production, with 26 wells drilled to date.
18 Sept 2024other● Neutral
FY24 corporate governance statement and Appendix 4G. Routine compliance document with no new operational or financial information.
16 Sept 2024capital raising announcement● NeutralMajor
Entitlement offer closed with acceptances for 299.7m new shares, raising about $5.99m at $0.02, short of the $8.17m maximum. Shares on issue rise to 1,780.7m; Globaltec now holds 41.72% and New Century 26.88%.
What it means for a shareholder
300m new shares at about A$0.020 to raise about A$6.0m. That's 17% dilution: every existing holder's slice gets 17% smaller. If you held A$1,000 of shares (50,033 at the issue price), your slice goes from 0.00338% to 0.00281% of the company. To keep it you'd need 10,125 more shares - about A$202 at the issue price.
Create a free account to see this worked out for your own holding.
3 Sept 2024other● Neutral
Administrative notice that the entitlement offer document and acceptance form were sent to shareholders. No new information.
26 Aug 2024capital raising announcement● Neutral
Offer document for the 8-for-29 entitlement offer at $0.02 to raise about $8.17m, closing 12 September 2024. Entitlements are tradeable. Repeats the terms announced the same day; the visible text adds no new figures.
26 Aug 2024capital raising announcement● NeutralMajor
Launches an 8-for-29 renounceable entitlement offer at $0.02 per share to raise up to about $8.17m, partially underwritten to $5.28m by major shareholder Globaltec. Funds are mainly for the Tanjung Enim early gas sales initiative; cash was only $146k at 30 June 2024.
26 Aug 2024admin correction● Neutral
Updated offer timetable: record date moved to 30 August 2024 and ex-date to 29 August. The rest is unchanged, with the offer closing 12 September and new shares trading from 17 September 2024.
28 June 2024material agreement▲ GoodMajor
Signed a Heads of Agreement with PGN, a Pertamina subsidiary, to sell Tanjung Enim coal bed methane starting at 1 MMSCFD under a proposed 15-year gas agreement. Adds a larger buyer alongside the Laras HOA; not a binding sale and valid 12 months.
2 Apr 2024material agreement▼ Bad
Laras Energy Heads of Agreement, which expired 30 March 2024, was extended again to 30 June 2024 or until a gas sale agreement is signed or terminated. Third extension; binding sale still not signed.
18 Mar 2024regulatory community update▲ GoodMajor
Muara Enim PSC (40% interest, 587 km2) exploration period extended to 17 Sep 2025, giving time to test gas productivity and submit a plan of development. Resolves the pending extension request; gross split conversion application still awaiting approval.
14 Mar 2024half year report● Neutral
Half-year report to 31 Dec 2023. Visible text is truncated and shows no financial figures. It says no significant changes in the state of affairs, and gas allocation and price approval is still pending for Tanjung Enim.
4 Jan 2024material agreement▼ Bad
Laras Energy Heads of Agreement extended again, from 31 Dec 2023 to 30 March 2024, or until a gas sale agreement is signed or both parties terminate it. Binding agreement has slipped again.
22 Nov 2023investor presentation● Neutral
November 2023 corporate presentation. Cites 9,691 Bcf gas in place across four assets, with Tanjung Enim (45%) nearest to first revenue. Text is truncated and appears to repeat known project information.
4 Oct 2023regulatory community update▲ GoodMajor
Environmental permit dated 26 Sep 2023 obtained for Tanjung Enim POD 1, described as the first coal bed methane development permit in Indonesia. Resolves a pending approval; initial sales of 1 MMSCFD to Laras still await a gas sales agreement and government allocation/price approval.
13 Sept 2023annual report▼ Bad
FY2023 annual report: net loss $1.036m and cash fell to $1.441m from $3.502m. Net assets $26.94m. Further funding is still needed, and the company says it has no cash-generating assets so dividends are unlikely. Text truncated.
13 Sept 2023annual report● Neutral
Appendix 4G for the year to 30 June 2023, pointing to the website governance statement. Administrative filing with no new business information.
11 Sept 2023regulatory community update▲ Good
Muralim exploration period extended 19 months to 29 March 2025, resolving the pending extension. Dewatering continues, then a plan of development proposal. The announcement says 50% interest, versus 100% in quarterly reports.
22 Aug 2023material agreement● Neutral
The Laras Energy Heads of Agreement was extended from 9 August 2023 to 31 December 2023, or until a gas sale agreement is signed. The binding agreement has slipped from the Q2 2023 target.
6 July 2023investor presentation● Neutral
Updated corporate presentation. Shows share price A$0.036, 1,481m shares, market cap A$53.31m, with New Century and Globaltec each holding 32.33%. Text is truncated; it appears to repeat known project information.
23 June 2023regulatory community update▲ Good
Indonesia's Finance Ministry granted tax exemption facilities to the Tanjung Enim and Muralim subsidiaries: input VAT not collected and 100% land and building tax reduction, running until commercial production starts. Lowers costs during exploration and development.
13 Mar 2023half year report● Neutral
Half-year report to 31 December 2022. Text is truncated and shows no financial figures. It restates the 10 Feb 2023 Laras Energy Heads of Agreement (1.49 Bscf, GSPA expected Q2 2023) and reports no significant changes in the state of affairs.
10 Feb 2023regulatory community update▲ Good
Muara Enim II (30% interest, 819.6 km2) received a 24-month exploration extension to 29 January 2025. This resolves the extension application lodged 28 Sep 2022.
10 Feb 2023material agreement▲ GoodMajor
Signed a non-final Heads of Agreement with PT Laras Ngarso Gede to sell Tanjung Enim POD 1 coal bed methane: 1.49 Bscf, about 1 MMSCFD, from 1 Oct 2023 target. The first gas sale deal after earlier talks; a binding sale agreement is expected in Q2 2023.
29 Dec 2022price query● Neutral
ASX queried a rise from $0.024 on 23 December 2022 to an intraday $0.036, with heavy volume. NuEnergy said it knew of no undisclosed information or other explanation, and said it complies with the Listing Rules.
16 Sept 2022annual report● Neutral
Appendix 4G for the year to 30 June 2022, lodged with the annual report, pointing to the website governance statement. Administrative filing only, with no new business information.
16 Sept 2022annual report● Neutral
FY2022: net loss $1.905m versus a $6.657m profit in FY2021. Cash rose to $3.502m from $1.712m, and net assets were $26.75m. The report says further funding will be needed, and 26 wells have been drilled across 2,278 km2.
