4 Oct 2013security holder rights change● Neutral
Temporary ASX codes RTDDC (shares) and RTDDD (options) apply until the consolidation completes on 14 October. The 11 October record date is repeated. Administrative.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
4 Oct 2013security holder rights change● Neutral
Expanded consolidation timetable: normal trading under RTD resumes 21 October, and deferred settlement trades settle 24 October. Administrative.
1 Oct 2013security holder rights change● Neutral
Shareholders approved a 1-for-15 consolidation of securities at the 26 September EGM. The notice sets out the timetable, with post-consolidation registration from 14 October. It does not change the value of holdings.
26 Sept 2013investor presentation● Neutral
September presentation restates the 42,350 net acres and NSAI resource figures. Seismic agreement is now expected in October, a slip from earlier timing. Rampart says it is in talks with potential partners and has completed a first US roadshow.
16 Sept 2013other● Neutral
Notice that a new Arrowhead research report is on the company website. No substantive content.
4 Sept 2013resource reserve update● Neutral
Follow-up to the 22 August estimate: NSAI's mean recovery is about 3,995 barrels per acre, or roughly 640,000 barrels per 160-acre well, versus 550,000 for the Bakken and 280,000 for the Eagle Ford. These are prospective, unrisked comparisons, not results. No new resource figures.
29 Aug 2013other● Neutral
Notice that a new DJ Carmichael research report is on the company website. No substantive content; DJ Carmichael is the company's lead manager.
22 Aug 2013resource reserve update▲ GoodMajor
Independent estimator NSAI puts unrisked prospective shale oil in place at 0.8 to 9.5 billion barrels gross, best estimate 3.8bn (2.85bn net to Rampart), with 167m barrels recoverable gross. Conventional potential is not yet assessed. This delivers the long-awaited resource report; these are prospective, not discovered, volumes.
13 Aug 2013other● Neutral
2,000,000 unquoted $0.03 options expired unexercised and were cancelled. The notice lists 2,847,488,036 ordinary shares on issue, up from 2.0bn after the placement and convertible loan conversion. Administrative.
13 Aug 2013other● Neutral
Cleansing prospectus for one share at $0.0035, lodged so the 371.4m placement shares (raising $1,299,999) can be freely resold. Administrative; costs about $3,000.
1 Aug 2013security holder rights change● Neutral
The CDI-to-share reorganisation is complete, leaving 2,007,974,279 quoted shares and 1,092,624,983 quoted options. The remaining Canadian-issued shares should transfer within about 10 days. Administrative; it closes the thread begun on 17 July.
1 Aug 2013quarterly activities report● Neutral
Quarterly report to 30 June 2013 restates the Royale farm-in terms (up to 75%, 38,000 net acres). Resource estimate and seismic agreements are still pending, expected next quarter. Text is truncated, so no cash figures are given here.
1 Aug 2013asset acquisition disposition▲ GoodMajor
Rampart agrees to add 5,800 gross (4,350 net) acres next to the Western Block, lifting its net North Slope holding to 42,350 acres. It must pay US$580,000 in two tranches. Funded by a $1.75m placement at $0.0035 per share, with 370m shares now and 130m subject to approval.
29 July 2013joint venture update▲ Good
Alaska update: CGG Veritas is the preferred seismic contractor, with crews targeted for December 2013 and acquisition early 2014, though no formal agreement exists. Rampart is also negotiating extra acreage and exploring funding options for 2014-15. The NSAI resource report is still due in August.
29 July 2013other● Neutral
Transcript of the 25 July Boardroom Radio interview with the MD. He repeats that Rampart is earning into 38,000 net North Slope acres and awaits an August resource report. No new facts.
25 July 2013investor presentation● Neutral
EGM presentation repeats the Alaska story: a resource report expected in August, with the operator saying the joint venture is on target with seismic and drilling contractors. No new figures or results.
25 July 2013other● Neutral
Notice of an audio interview with the Managing Director, Torey Marshall, on Boardroom Radio. No substantive content in the announcement itself.
25 July 2013agm notice● Neutral
Chairman's EGM address backs the Royale Alaska deal and cites a recent roadshow with DJ Carmichael. He says Alaska's rebate rise to a maximum of 85% of exploration spend coincides with Rampart's earning period. No new facts.
17 July 2013security holder rights change● Neutral
Rampart is now registered in Australia, having left British Columbia on 29 May 2013. Quoted CDIs convert 1:1 into ordinary shares and options by 1 August. Issued capital stays at 2,007,974,279 shares. Administrative; no holder action needed.
16 July 2013security holder rights change● Neutral
Directors withdraw EGM Resolution 6, which sought advance approval to place an extra 15% of shares at $0.0025. The company can still issue up to 15% under the normal listing rule limit.
15 July 2013investor presentation● Neutral
July investor presentation restates the Alaska farm-in. It shows 2,007m shares on issue, market cap $6.0m, a resource report expected in August, seismic early 2014 and drilling 2015-16. The resource report is now August rather than July.
9 July 2013joint venture update● Neutral
Alaska update: an independent resource estimate is due in July, and seismic contract agreements are expected in August. Alaska's exploration credit now covers about 85% of allowable spend. Seismic mobilisation targeted for December. No new results yet.
6 June 2013other● Neutral
Cleansing prospectus for one share at $0.0025, lodged so the 232.3m placement shares can be freely resold. Administrative; adds one share and costs about $7,000.
6 June 2013half year report● Neutral
Half-year accounts to 31 March 2013 for Rampart (formerly Earth Heat), covering the Copahue exit and the move toward oil and gas. The text provided is truncated, so no financial figures can be stated here; it includes a going concern note.
3 June 2013capital raising announcement▲ GoodMajor
Rampart raises A$1.8m through DJ Carmichael to fund the first Alaska payment: 232.3m shares at $0.0025 (about $580,750) plus a roughly $1.22m convertible loan, convertible at $0.0025 subject to shareholder approval. Funds the Royale farm-in due 3 June.
3 June 2013other● Neutral
ASX lifts the suspension of Rampart shares after receiving the announcement on completed funding. Administrative notice; trading resumes.
3 June 2013capital raising announcement● Neutral
Amended version of the 3 June release on the A$1.8m raising (232.3m shares at $0.0025 plus roughly $1.22m convertible loan). Wording on Repsol's discoveries and the acreage is toned down; the funding terms are unchanged.
30 May 2013other● Neutral
Company extends its voluntary trading suspension to 4 June at the latest, pending funding announcement for the Alaska deal, citing a WA public holiday. Procedural; the funding is still not announced.
27 May 2013farm in farm out agreement▲ GoodMajor
Rampart can earn up to 75% of about 38,000 net acres on Alaska's North Slope from Royale Energy. It starts with US$3.4m for an initial 10%, then a 3D seismic survey and two wells by March 2015. Options worth US$1.7m go to Royale. First deal under the oil and gas strategy.
27 May 2013investor presentation● Neutral
Presentation repeats the Alaska North Slope farm-in with Royale: earn up to 38,000 net acres, US$3.4m for an initial 10% of the Western Block, then seismic and two wells by March 2015. No new terms; restates the 27 May deal.