Tranche 2 of the Carnarvon placement and the share purchase plan completed: 300.4m new shares at $0.12 raised $36.0m, ($34.3m from Carnarvon, $1.7m from the plan). Funds go to South Erregulla, West Erregulla, Walyering West and Ocean Hill wells. Resolves the Carnarvon open thread.
What it means for a shareholder
300m new shares at A$0.120 to raise about A$36.0m. That's 8.3% dilution: every existing holder's slice gets 8.3% smaller. If you held A$1,000 of shares (8,333 at the issue price), your slice goes from 0.000252% to 0.000231% of the company. To keep it you'd need 756 more shares - about A$91 at the issue price.
Letter offering eligible shareholders up to $30,000 each of new shares at $0.12 (25% below the 18 July close) in the share purchase plan, opening 12 August and closing 18 September 2025. Funds go to South Erregulla, West Erregulla and Ocean Hill.
Updated timetable for the share purchase plan. Only footnotes are readable: up to $5m of oversubscriptions may be accepted, and tranche 2 shares would be issued after the plan if approved. Dates are not readable.
Notice on completion of Tranche 1 of the Carnarvon placement. Only footnotes are readable: the share purchase plan can take up to $5m of oversubscriptions, and tranche 2 shares would be issued after the plan if approved.
22 July 2025capital raising announcement▲ GoodMajor
Carnarvon Energy will invest up to $88m at $0.12 per share (19.7% discount to 10-day average) for up to 19.9% of Strike, becoming largest shareholder. Tranche 1 is about $52m; tranche 2 needs shareholder approval. A share purchase plan of up to $10m is also planned.
Carnarvon's side of its investment in Strike: up to about $89m at $0.12 per share for up to 19.9%, with a board nominee right, 12-month escrow and standstill. Carnarvon drops its planned capital return. Repeats Strike's announcement.
Strike raised $30m via a placement of 127,659,575 shares at $0.235, for Walyering, Haber, South Erregulla drilling and the Precinct land ($7.7m). Priced below the $0.30 April 2021 raising, so it dilutes existing holders. Trading resumes after a halt.
What it means for a shareholder
128m new shares at A$0.235 to raise about A$30.0m. That's 5.8% dilution: every existing holder's slice gets 5.8% smaller. If you held A$1,000 of shares (4,255 at the issue price), your slice goes from 0.000207% to 0.000195% of the company. To keep it you'd need 264 more shares - about A$62 at the issue price.
The SPP drew about $30m of acceptances against the $5m target, so the board doubled it to $10m at $0.30. Applicants get about a third of their application, with up to 33.3m shares issued 10 May. Total raising is now about $85m.
Strike said the Share Purchase Plan had strong support and would close early, with electronic payments closing 30 April and postal applications accepted to 3 May. Administrative notice with no new figures.
The Share Purchase Plan opened on 23 April, with the offer booklet sent to eligible shareholders. Strike extended the closing date to 14 May, with results due 19 May. Administrative step in the raising announced 15-16 April.
Strike raised $75m through an institutional placement of 250m new shares at $0.30, a 20% discount to the last price of $0.375, plus an SPP of up to $5m at the same price. With about $10m cash at 1 March, it targets about $90m of funding.
What it means for a shareholder
250m new shares at A$0.300 to raise about A$75.0m. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held A$1,000 of shares (3,333 at the issue price), your slice goes from 0.000195% to 0.00017% of the company. To keep it you'd need 488 more shares - about A$146 at the issue price.
The placement and Share Purchase Plan closed, raising over $30m before costs; 1,558,280 SPP shares at $0.23. Strike says it is fully funded for 2020, including two West Erregulla appraisal wells, with Phase 1 FID possible as early as end-2020.
Offer booklet for the Share Purchase Plan: eligible holders can apply for $2,500 to $30,000 of shares at $0.23, aiming for up to $5m, not underwritten. It cites a 1,185 BCF gross (502 BCF net) West Erregulla 2C contingent resource and two appraisal wells in 2020.
Strike raises $30m by placing 130,434,783 shares at $0.23, a 4.2% discount, plus a Share Purchase Plan for up to $5m. Funds go to two West Erregulla appraisal wells, Perth Basin 3D seismic and Jaws. The previous raise was at $0.065 in May.
What it means for a shareholder
130m new shares at A$0.230 to raise about A$30.0m. That's 7.7% dilution: every existing holder's slice gets 7.7% smaller. If you held A$1,000 of shares (4,348 at the issue price), your slice goes from 0.000276% to 0.000255% of the company. To keep it you'd need 360 more shares - about A$83 at the issue price.
30 May 2019capital raising announcement● NeutralMajor
Strike completed a ~$12m placement of ~184.6m shares at $0.065, well below the $0.115 of late 2018. With the CSBP fee, it says WE-2 and the Jaws pilot are funded; proceeds also repay the remaining CBA facility. Directors take $300k, subject to approval.
What it means for a shareholder
185m new shares at A$0.065 to raise about A$12.0m. That's 12% dilution: every existing holder's slice gets 12% smaller. If you held A$1,000 of shares (15,385 at the issue price), your slice goes from 0.00113% to 0.000993% of the company. To keep it you'd need 2,082 more shares - about A$135 at the issue price.
4 Dec 2018capital raising announcement● NeutralMajor
The Share Purchase Plan closed raising only about $1m (9,124,426 shares at $0.115), against a target of up to $5m. Together with the $13m placement it funds Jaws, West Erregulla-2 and, if funds allow, UIL's Perth Basin commitments.
What it means for a shareholder
9.1m new shares at A$0.115 to raise about A$1.0m. That's 0.732% dilution: every existing holder's slice gets 0.732% smaller. If you held A$1,000 of shares (8,696 at the issue price), your slice goes from 0.000703% to 0.000698% of the company. To keep it you'd need 64 more shares - about A$7 at the issue price.
Settlement of the roughly $13 million placement has occurred, so the capital raising condition of the UIL takeover deed is satisfied. Strike urges UIL shareholders to accept; the offer runs to 30 November 2018 unless extended.
24 Oct 2018capital raising announcement▲ GoodMajor
Strike raised $13 million through a placement of 113.04m shares at $0.115, plus a Share Purchase Plan of up to $5 million at the same price. Funds support West Erregulla-2 and Jaws testing. Settlement meets the UIL bid's capital raising condition. Follows the $3m raise in August.
What it means for a shareholder
113m new shares at A$0.115 to raise about A$13.0m. That's 9.1% dilution: every existing holder's slice gets 9.1% smaller. If you held A$1,000 of shares (8,696 at the issue price), your slice goes from 0.000774% to 0.000703% of the company. To keep it you'd need 875 more shares - about A$101 at the issue price.
Offer booklet for the Share Purchase Plan: eligible shareholders can apply for $2,500 to $15,000 of shares at $0.115, a 19.8% discount to the 5-day VWAP. Targets about $5 million, not underwritten, closes 16 November. Detail of the previously announced plan.
Strike raised $3 million via a placement of 28.57m shares at $0.105, a 5% premium to the last close, to four investors. Funds go to Jaws-1 testing, long-lead items for West Erregulla-2 and working capital. This follows the ASX cash query.
What it means for a shareholder
28.6m new shares at A$0.105 to raise about A$3.0m. That's 2.5% dilution: every existing holder's slice gets 2.5% smaller. If you held A$1,000 of shares (9,524 at the issue price), your slice goes from 0.00087% to 0.000848% of the company. To keep it you'd need 249 more shares - about A$26 at the issue price.
Strike raised about $9.1m through a placement of 130 million shares at $0.07, within existing placement capacity and without shareholder approval. The money funds the Jaws-1 well, with spud targeted for Q1 2018. Bell Potter was lead manager.
What it means for a shareholder
130m new shares at A$0.070 to raise about A$9.1m. That's 12% dilution: every existing holder's slice gets 12% smaller. If you held A$1,000 of shares (14,286 at the issue price), your slice goes from 0.00148% to 0.00131% of the company. To keep it you'd need 1,925 more shares - about A$135 at the issue price.
The $4.5m rights issue closed oversubscribed, with top-up applications scaled back; shares are due to be issued 12 December. Proceeds plus the $3.6m R&D facility fund Klebb testing, reserve certification and the PRL application.
Letter telling shareholders with registered addresses outside Australia and New Zealand they are excluded from the rights issue. Administrative notice.
Letter to eligible shareholders restating the rights issue terms, record date 21 November, and the 4% underwriting plus 2% management fees. Administrative; no new information.
Offer memorandum for the 1-for-14 rights issue at $0.07, up to about 64.3m new shares raising up to about $4.5m, fully underwritten; closes 5 December 2016. Repeats the terms announced earlier the same day.
What it means for a shareholder
64.3m new shares at about A$0.070 to raise about A$4.5m. That's 6.2% dilution: every existing holder's slice gets 6.2% smaller. If you held A$1,000 of shares (14,289 at the issue price), your slice goes from 0.00148% to 0.00139% of the company. To keep it you'd need 952 more shares - about A$67 at the issue price.
11 Nov 2016capital raising announcement● NeutralMajor
Strike announced an underwritten 1-for-14 rights issue at $0.07 to raise up to about $4.5m, a 21.3% discount to the 10 November close. Taylor Collison underwrites. Funds go to Klebb flow testing, reserve certification, development planning and the planned PRL application.
Letter telling option holders they must exercise options before the 21 November 2016 record date to join the $0.07 rights issue. Administrative; repeats known terms.
Strike raised $6.7m through a placement of 67 million shares at $0.10, a 13% discount to the 1 April close. Directors take 1.7m shares, subject to shareholder approval. Funds go to accelerating production testing and pre-development at Southern Cooper.
What it means for a shareholder
67.0m new shares at A$0.100 to raise about A$6.7m. That's 7.4% dilution: every existing holder's slice gets 7.4% smaller. If you held A$1,000 of shares (10,000 at the issue price), your slice goes from 0.0012% to 0.00111% of the company. To keep it you'd need 804 more shares - about A$80 at the issue price.
