Past year: ▲ 800%(0.30c – 10.0c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
27 May 2013other● Neutral
At its own request, Rampart's shares are suspended from trading pending an announcement on finalising funding for the Alaska transaction. Request runs to 30 May at the latest. Procedural step linked to the Royale deal's funding.
27 May 2013admin correction● Neutral
Re-release of the Alaska investor presentation with the date corrected from April to May 2013. Content appears the same as the earlier version; no new information.
22 May 2013other● NeutralMajor
Company began trading as Rampart Energy Limited (ASX: RTD) on 22 May 2013, with a new website. It marks the move away from geothermal toward a broader energy scope.
16 May 2013other● Neutral
Company says it is finishing due diligence on several conventional and unconventional oil and gas ventures, aiming to complete a transaction by the end of the June 2013 quarter. No project named yet.
29 Apr 2013quarterly activities report● Neutral
March quarter: Copahue exit completed, with US$125,000 paid and a US$150,000 unsecured loan repayable within 3 years. $1.69m was raised in the quarter. Cash at 31 March 2013 was $824,893, with about $200,000 outflow expected next quarter.
23 Apr 2013investor presentation● Neutral
EGM presentation repeats the Copahue exit to Geothermal One. Company remains guarantor of a performance bond, with implications under review. It is negotiating several acquisitions, with no binding documents yet.
22 Apr 2013farm in farm out completion● NeutralMajor
Company exits the Copahue geothermal project: Geothermal One assumes all future joint venture obligations from 7 January 2013. Earth Heat pays US$125,000 and lends US$150,000. Resolves the Copahue funding thread. It also says a former Argentine representative made baseless accusations and it will respond legally.
28 Feb 2013investor presentation● Neutral
AGM presentation says the company is shifting to oil and gas, preferring North American liquids projects, and plans to rename itself. Copahue cannot be funded and the company is in talks with its partner to withdraw. No binding new deal yet.
1 Feb 2013other● Neutral
Appendix 3B for 150,666 existing unquoted shares moved from the Canadian register to quoted CDIs on the Australian register. No new money raised; administrative.
31 Jan 2013quarterly activities report▼ Bad
December quarter: no material progress at Copahue for lack of funding, and all Australian geothermal licences were relinquished. Strategic review will seek third-party interest in Copahue. Cash at 30 September 2012 was $37,696; since quarter end net $1.15m from the rights issue plus $133,786 from a placement tranche.
21 Jan 2013other● Neutral
Rights issue shares (645.8m) and options were allotted, lifting quoted shares to 1,506,767,567. Top 20 holders listed. Administrative; share count roughly 1.75 times the pre-offer level.
16 Jan 2013capital raising announcement● NeutralMajor
Rights issue closed with 88.5% take-up (571.8m of 645.8m shares); the underwriter takes the 74.0m shortfall. A further 200m-share placement at the same 0.2c price raises $400,000, bringing the total raised to over $1.9m before costs.
What it means for a shareholder
646m new shares at about A$0.0029 to raise about A$1.9m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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3 Jan 2013other● NeutralMajor
Company starts a strategic review, expected to take about 3 months, to seek third-party interest in its current assets and other opportunities. It says over 30% of operating costs are cut, saving at least $1.7m a year. Review was prompted by major shareholders.
27 Dec 2012annual report▼ Bad
Annual report to 30 September 2012. Chairman says the market is abandoning pure geothermal plays, which could threaten the company's survival, so it must broaden into other energy, drawing on its North American oil and gas interests. DJ Carmichael is helping raise about $1.5m.
21 Dec 2012security holder rights change● Neutral
10m unquoted options (exercise price $0.06) expired and the Managing Director's 40m performance rights were cancelled because the board says their KPIs can no longer be met. Shares on issue stay at 861,010,038 before the rights issue.
14 Dec 2012security holder rights change● Neutral
Letter to shareholders outside Australia and New Zealand: they are not eligible for the rights issue, and DJ Carmichael is appointed nominee to sell their entitlements and pay over net proceeds. Administrative.
14 Dec 2012security holder rights change● Neutral
Letter to eligible Australian and New Zealand shareholders on the 3-for-4 rights issue at $0.002, up to about $1.29m, underwritten by DJ Carmichael. Sets out the timetable, with the offer closing 11 January 2013. Repeats known terms; administrative.
13 Dec 2012capital raising announcement● Neutral
Full prospectus for the rights issue: up to about $1.29m at $0.002 per share, 645.8m new shares on top of 861m on issue. Closing date is 11 January 2013. Repeats the announced terms in detail.
13 Dec 2012security holder rights change● Neutral
Sample letter telling option holders they must exercise options by the 21 December 2012 record date to take part in the rights issue. Funds are for Copahue, working capital and new ventures. Administrative.
13 Dec 2012capital raising announcement● NeutralMajor
Rights issue prospectus lodged: 3 new shares for every 4 held at 0.2c, with free options, fully underwritten by DJ Carmichael. The board says market interest in Australian geothermal is inadequate for a purely geothermal asset base, so it is broadening its energy mix.
3 Dec 2012other● Neutral
ASX lifts the suspension following receipt of the capital raising announcement. Administrative notice only.
3 Dec 2012capital raising announcement▼ BadMajor
Placement of 110m shares at 0.2c raises $220,000, plus a fully underwritten 3-for-4 rights issue at 0.2c raising $1.35m, underwritten by DJ Carmichael; total about $1.57m. This is a far lower price than the August 1c placement, and the company calls it a broadened direction.
What it means for a shareholder
110m new shares at A$0.002 to raise about A$220,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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29 Nov 2012other● Neutral
Suspension extended to 3 December. A $1.5m raising is being finalised with a stockbroker, who is awaiting firm commitments. Administrative.
26 Nov 2012other● Neutral
Suspension extended to 29 November. Company is finalising an integrated funding solution backed by a recognised Australian brokerage. Administrative.
22 Nov 2012other● Neutral
Suspension extended again to 26 November. Company is negotiating an underwriting agreement for a proposed capital raising and a new funding facility. Administrative.
19 Nov 2012other▼ BadMajor
Suspension extended. Review concluded that energy exposure should be broadened, so geothermal exposure is likely to shrink over 12 months. Company is negotiating a new funding facility to recapitalise the business.
15 Nov 2012other▼ BadMajor
Shares suspended at company request pending the result of a major review of operations and funding requirements. Announcement expected by 19 November 2012.
31 Oct 2012quarterly activities report● Neutral
September quarter: CIFI US$30m preference raising still targeted before year end, though macro events have slowed it. Company plans to relinquish or rationalise South Australian assets; Fiale and Kenya unchanged. Copahue survey expected in the summer window.
23 Oct 2012material agreement● Neutral
MidOil USA appointed as corporate advisor to help with growth plans and compete for investor funds. No fees, funding or terms disclosed. Follows the July hiring of a corporate finance group for a strategic review.
16 Oct 2012other● Neutral
Escrow on 10 million shares ends 26 October 2012. Issued capital will be 751,010,038 quoted shares, plus 48.2m unquoted options and 40m performance rights. Administrative notice.
