Past year: ▼ 51%(1.00c – 5.50c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
20 Aug 2025registration revoked● NeutralMajor
ASX removes Rey from the official list at the close of trading on 20 August 2025, after Vigorous Resources compulsorily acquired the remaining shares. The listing history ends; takeover price was $0.028 per share.
15 Aug 2025listing compliance notice● Neutral
ASX suspends Rey shares from quotation at the close of trading on 15 August 2025, following Vigorous Resources' dispatch of compulsory acquisition notices. This is the step before removal from the official list.
8 Aug 2025business combination● NeutralMajor
Rey confirms Vigorous Resources holds 94.238% of its shares and has begun compulsory acquisition. The offer closes 11 August 2025 and will not be extended. ASX will suspend trading on 15 August 2025 and later remove Rey from the official list.
8 Aug 2025business combination● NeutralMajor
Vigorous Resources serves compulsory acquisition notices after holding over 90% of Rey shares and over 75% of the shares it offered for. Remaining holders will be paid $0.028 per share, expected five to six weeks later. The offer closes 11 August 2025.
10 July 2025business combination● Neutral
Vigorous Resources confirms it has finished sending shareholders its bidder's statement and the Rey target's statement for the $0.028 per share cash takeover. Directors recommend acceptance absent a superior proposal. Administrative notice, no new terms.
10 July 2025other● Neutral
Rey confirms it has dispatched the target's statement and bidder's statement to shareholders. The $0.028 per share offer opened 9 July 2025 and is scheduled to close 11 August 2025 unless extended or withdrawn. Administrative.
8 July 2025business combination● NeutralMajor
Rey's directors unanimously recommend shareholders accept Vigorous Resources' $0.028 per share cash offer, in the absence of a superior proposal. No independent expert's report was commissioned. Responds to the bid lodged the same day.
8 July 2025business combination● Neutral
Duplicate lodgement of the Vigorous Resources bidder's statement released earlier the same day, for the $0.028 per share unconditional cash offer for all Rey shares. Re-release with no new content.
8 July 2025business combination● NeutralMajor
Vigorous Resources Pty Ltd lodges its bidder's statement for an unconditional off-market cash takeover of all Rey shares at $0.028 each. This is a takeover bid for the whole company, a new thread for shareholders.
13 Mar 2025half year report▼ Bad
Half-year to 31 December 2024: net loss $1,615,468, up about 29% from $1,248,755, with finance costs $1,230,596 on the ASF and Liu loans. Rey decided EP458 has no drilling target and lodged a full surrender application; it keeps 40% of EP457 and 100% of EP487.
28 Oct 2024annual report● Neutral
FY2024 annual report (year to 30 June 2024) lodged again, a month after the 25 September release. It repeats 100% of EP487 and EP458, 40% of EP457, the Guoxin sale of the Lennard Shelf Blocks with a 10% royalty kept, and the 5.7% PZE stake.
16 Oct 2024listing compliance notice▼ Bad
Rey replies to an ASX query on its FY2024 report, which had a going-concern uncertainty. It says its finances support continued listing, citing $8.55M undrawn loans and cash of $268,000. Buru gave EP458 withdrawal notice 27 October 2023; a $1.836M EP458 impairment was booked.
25 Sept 2024annual report● Neutral
FY2024 annual report: Rey holds 100% of EP487 and EP458, plus 40% of EP457 with Buru. The Gulliver sale (Lennard Shelf) to Guoxin is subject to completion, with a 10% royalty kept. 3D seismic environmental plan lodged and Warrwa heritage survey clear. PZE stake about 5.7%.
25 Sept 2024other● Neutral
Appendix 4G governance checklist for the year to 30 June 2024, pointing to the website governance statement. Administrative filing with no new substance.
25 Sept 2024other● Neutral
FY2024 corporate governance statement reporting against ASX 4th Edition principles, with some departures noted. Compliance paperwork with no new business information.
1 Aug 2024asset acquisition disposition● NeutralMajor
Rey signs a binding framework agreement to sell Gulliver, which holds 100% of the Lennard Shelf Blocks (EP104, R1, L15), to China Guoxin Investment Holdings for $400,000 cash, plus a 10% wellhead royalty. Completion needs a formal agreement, FIRB approval and R1 extension.
17 June 2024debt financing▲ GoodMajor
ASF extends its $2M loan from 31 October 2024 to 30 April 2026. Liu's unsecured facility rises $5M to $25M and is also extended to 30 April 2026. This again pushes out the loan maturity, which was due in four months; other terms unchanged.
8 Mar 2024half year report● Neutral
Half-year to 31 December 2023: net loss $1,249,000, up about 14% from $1,093,000, with finance costs $1,021,000 on the ASF and Liu loans. Buru withdrew from EP458 and is assigning its interest to Rey, pending Minister approval; Rey would then own EP458 outright.
27 Oct 2023annual report● Neutral
Re-release of the FY2023 annual report (year to 30 June 2023), already lodged 27 September. It repeats 100% of EP487, 40% of Fitzroy and 100% of the Lennard Shelf, with the EP487 3D seismic expected before end 2024 and the Point Torment-1 sidetrack planned Q3 2024.
27 Sept 2023annual report● Neutral
FY2023 annual report: Rey holds 100% of EP487, 40% of Fitzroy and 100% of the Lennard Shelf blocks, with EP104 renewed in March 2023. The EP487 3D seismic is expected before end of 2024, and a Point Torment-1 sidetrack is planned for Q3 2024. The PZE stake is now about 5.8%.
27 Sept 2023other● Neutral
FY2023 corporate governance statement reporting against the ASX 4th Edition principles, with some departures noted. Compliance paperwork with no new business information.
27 Sept 2023other● Neutral
Appendix 4G governance checklist for the year to 30 June 2023, pointing to the website governance statement. Administrative filing with no new substance.
30 May 2023debt financing▲ GoodMajor
ASF extends its $2M loan to 31 October 2024. Liu's unsecured facility is raised by $3M to $20M and also extended to 31 October 2024. This pushes out the October 2023 maturity by a year; other terms unchanged (12% interest, per earlier filings).
15 May 2023director officer appointment● Neutral
Qianrui (Stanley) Fu, formerly Rey's Operation Manager until July 2022, becomes non-executive director from 15 May 2023. William Kuan resigns as director but remains Company Secretary.
13 Mar 2023half year report▼ Bad
Half-year to 31 December 2022: net loss $1,093,000, up about 25.9% from $868,000, with finance costs of $823,000 mostly interest on the ASF and Liu loans. Origin's exit takes Rey to 40% of Fitzroy. A 500 km² 3D seismic over the Butler prospect in EP487 is supported by DMIRS.
9 Mar 2023listing compliance notice● Neutral
ASX says Rey's suspension will lift immediately after Rey announces it has appointed enough directors to comply with section 201A(2). Resolves the 3 March suspension.
6 Mar 2023director officer appointment● Neutral
William Kuan, Company Secretary since July 2020 and a director of substantial shareholder ASF Group, is appointed a director from 6 March 2023. No director fee is set yet. Appears to be the fix for the director-number shortfall that led to the suspension (inference).
3 Mar 2023listing compliance notice▼ BadMajor
ASX suspends Rey's shares from quotation immediately because the company lacks enough directors to comply with section 201A(2) of the Corporations Act. Trading stays halted until sufficient directors are appointed.
13 Feb 2023farm in farm out completion▲ GoodMajor
Origin withdraws from the Fitzroy Blocks EP457/458 under a binding letter agreement, handing its 40% back to Buru and Rey equally. Rey's interest doubles from 20% to 40%; Buru stays operator at 60%. A joint 3D seismic survey to delineate Rafael is planned for 2023. Subject to regulatory approval.
29 Nov 2022director officer appointment● Neutral
Yan Zhao, Rey's Resources Manager and a former ASF Group vice president, becomes Executive Director from 29 November 2022. Non-executive director Dachun Zhang, on the board since 2013, resigns the same day.
