Past year: ▼ 60%(0.15c – 0.50c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
14 Feb 2019asset acquisition disposition▲ GoodMajor
Vintage completed the purchase from Beach Energy of 100% and operatorship of EP 126 in the Bonaparte Basin (6,700 km2) on 31 January 2019. Flow-testing the cased Cullen-1 well is planned as the first on-ground activity. No price is stated.
30 Jan 2019contract award▲ GoodMajor
Operator Comet Ridge has contracted Ensign Rig 932 for Albany-2 and the Albany-1/ST1 deepening, plus two contingent wells, starting March 2019 after the wet season. Vintage formally commits to Stage 2, earning another 15% to reach 30%.
16 Jan 2019security holder rights change● Neutral
25,875,000 shares leave escrow on 12 February 2019, lifting quoted shares to 218,825,007. A further 45,363,232 shares stay escrowed.
2 Jan 2019drilling progress report▲ Good
The Koburra 2D seismic program (325 km) began on 30 December after a rain delay, starting Stage 2 of the Galilee farm-in where Vintage holds 15%. Data is expected for interpretation in late March; Albany-2 drilling follows.
27 Nov 2018investor presentation● Neutral
AGM presentation restating Vintage's gas-focused strategy, the Albany-1 flow of 230 Mscfd, the 23 PJ net 2C resource, the $30m IPO at 20 cents and Stage 2 starting. Repeats known facts; shown text is cut off before the FY19 timeline.
26 Nov 2018resource reserve update▲ GoodMajor
Transfer documents for a 15% interest in the Galilee Deeps joint venture are fully executed, so Vintage books its first resource: net contingent gas of 8/23/63 PJ (1C/2C/3C) at the Albany field. This formalises the Stage 1 farm-in earned earlier.
21 Nov 2018drilling scheduled▲ Good
Operator Comet Ridge signed an agreement for 300-420 km of new 2D seismic in the Galilee Basin, starting early December at up to $3.5 million gross. Vintage will fund 50% ($1.75 million) as the first part of Stage 2, which also covers Albany-2 drilling and would take it to a 30% interest.
26 Oct 2018annual report● Neutral
2018 annual report with chairman's address, operations review and a 2018 reserve statement. Cover shows Albany-1 drilling. Shown text is only the contents page, so no figures are available here.
26 Oct 2018other● Neutral
Appendix 4G confirming the corporate governance statement for the year to 30 June 2018 is on the company website and approved by the board. Administrative filing.
16 Oct 2018admin correction● Neutral
Corrects the earlier escrow release notice: the release date is 26 October 2018, not 2017. All else in the notice stands.
12 Oct 2018security holder rights change● Neutral
11,325,000 shares are to be released from escrow on 26 October, lifting quoted shares to 192,950,007, with 71,238,232 still escrowed. The announcement gave the year as 2017, later corrected.
12 Oct 2018joint venture update● Neutral
Partner Rawson Oil and Gas announces the same PEL 155 airborne gravity and magnetics survey, due to start around 14 October, weather permitting. It repeats Vintage's 8 October announcement with no new information.
8 Oct 2018joint venture update▲ Good
Vintage and joint venture partner Otway Energy (Rawson subsidiary) will fly an airborne gravity and magnetics survey over PEL 155 in the Penola Trough from 12 October, costing about $100,000 net to Vintage. It is the first post-listing field activity and helps assess prospects and the Nangwarry-1 well.
28 Sept 2018other● Neutral
Share registry Automic is moving its Sydney office from 2 October 2018. Administrative notice with no bearing on Vintage's business.
25 Sept 2018annual report● Neutral
Financial report for the year to 30 June 2018, with directors' profiles and shareholdings, including chairman Reg Nelson with 9,161,177 shares. Shown text is only the opening pages; no financial figures are visible.
14 Sept 2018half year report● Neutral
Audited financial report for the eight months to 28 February 2018, showing a net loss of $232,044 and net assets of $5,905,034, mainly cash from earlier capital raisings. The auditor flagged a going concern uncertainty due to exploration commitments, with the opinion unmodified.
14 Sept 2018other● Neutral
Share distribution schedule showing 412 holders and 264,188,239 ordinary shares on issue. Administrative listing document with no new business information.
14 Sept 2018other● Neutral
Oil and gas annexure to the ASX listing form, pointing to where resource estimates and their compliance with reporting standards appear in the prospectus. Administrative compliance document with no new figures.
14 Sept 2018other● Neutral
Top 20 holders list: the top 20 hold 65.59% of 264,188,239 shares, the largest being Morgan Stanley's nominee at 9.46%. Administrative listing document.
14 Sept 2018other● Neutral
ASX listing information form and checklist: company details, directors, auditor Grant Thornton, registry Automic, 30 June balance date. Administrative document with no new substance.
14 Sept 2018listing compliance notice▲ GoodMajor
ASX admitted Vintage to the official list on 13 September 2018, with quotation starting 17 September. The $30 million raise issued 150,000,000 shares at $0.20, leaving 181,625,007 shares quoted, with some shares and options held in escrow.
14 Sept 2018capital raising announcement● Neutral
IPO prospectus dated 2 August 2018 offering 150,000,000 shares at $0.20 to raise $30 million, with RBC Capital Markets and Taylor Collison as joint lead managers. Lists the board led by chairman Reg Nelson and managing director Neil Gibbins. Text shown is only the opening pages.
What it means for a shareholder
150m new shares at A$0.200 to raise about A$30.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
14 Sept 2018annual report● Neutral
Audited financial report for the period to 30 June 2017 of the pre-IPO company, showing a net loss of $26,483 and net liabilities of $23,122. The auditor flagged a going concern uncertainty, with the opinion unmodified.
14 Sept 2018other● Neutral
Corporate governance statement setting out which ASX governance recommendations Vintage follows from listing. It discloses no formal board performance evaluation yet and no measurable gender diversity objectives, citing the company's size. Administrative document.
14 Sept 2018other● Neutral
Company constitution consolidated as at 18 May 2018, filed as part of listing. It covers shares, meetings, directors and dividends, and includes founder shares held by Auctrix Pty Ltd. Administrative document.
14 Sept 2018annual report● Neutral
Audited financial report for the eight months to 30 June 2016 of the pre-IPO company, showing a net loss of $848. The auditor flagged a going concern uncertainty, with no change to the audit opinion.
14 Sept 2018other● Neutral
Securities trading policy setting out when directors, officers and employees may not trade company shares, including permitted trading windows after results and the AGM. Administrative listing document.
12 Sept 2018investor presentation● Neutral
Pre-listing conference presentation introducing Vintage as an east coast gas-focused explorer after a completed $30 million IPO at 20 cents per share. Headline asset is the Galilee Basin Carmichael gas discovery (2C contingent resource 142 Bcf gross), where Vintage is earning 30%.
