14 July 2026capital raising announcement● Neutral
The shortfall offer closes this week, with shares to be issued by 17 July 2026. Only 16.3m of 184.6m shares have been taken up, leaving 168.3m unsold at 0.4 cents.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
13 May 2026capital raising announcement● Neutral
Shortfall offer details: 184.6m shares at 0.4 cents with two free options each, open until about mid-July. Only 2.5m shares had been applied for so far, a slow start.
What it means for a shareholder
185m new shares at A$0.004 to raise about A$738,400. That's 7.2% dilution: every existing holder's slice gets 7.2% smaller. If you held A$1,000 of shares (250,000 at the issue price), your slice goes from 0.0104% to 0.0097% of the company. To keep it you'd need 19,280 more shares - about A$77 at the issue price.
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24 Apr 2026capital raising announcement● NeutralMajor
The entitlement offer closed undersubscribed, raising about $1.35m of the $2.1m sought. 306.8m shares issue now; 30.4m director shares await shareholder approval. A shortfall offer of 184.6m shares at 0.4 cents or more is now open.
What it means for a shareholder
185m new shares at A$0.004 to raise about A$1.4m. That's 8.1% dilution: every existing holder's slice gets 8.1% smaller. If you held A$1,000 of shares (250,000 at the issue price), your slice goes from 0.012% to 0.011% of the company. To keep it you'd need 22,114 more shares - about A$88 at the issue price.
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30 Mar 2026capital raising announcement● Neutral
The entitlement offer opens and documents are sent to shareholders, closing 17 April 2026 unless extended. The chairman's letter shows the funds split as $1.40m working capital and oil prospects, $0.55m Odin connection and $0.15m costs.
20 Mar 2026capital raising announcement● Neutral
Prospectus for the 1-for-4 entitlement offer: about 521.7m new shares at $0.004 plus about 1,043.5m free options at $0.005, to raise about $2.1m. It formalises the 17 March terms; no new substance in the visible text.
What it means for a shareholder
522m new shares at A$0.004 to raise about A$2.1m. That's 20% dilution: every existing holder's slice gets 20% smaller. If you held A$1,000 of shares (250,000 at the issue price), your slice goes from 0.012% to 0.00958% of the company. To keep it you'd need 62,497 more shares - about A$250 at the issue price.
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17 Mar 2026capital raising announcement● NeutralMajor
Vintage launches a $2.1m 1-for-4 entitlement offer at 0.4 cents per share, a 20% discount to the last price, with 2 free 0.5c options per share. Funds go to working capital, oil prospect evaluation and a permanent Odin connection. Cash was $0.94m at 28 February.
29 May 2025capital raising announcement▲ GoodMajor
The shortfall offer closes fully subscribed, with 328.0m shares allocated, completing the $2.1m raise at 0.5c. This resolves the earlier risk of scaling back the Production Uplift Program, now planned for mid-July. Issued shares will total 2,086.9m.
12 May 2025capital raising announcement▲ Good
A further 74m shares are placed under the shortfall offer at 0.5c, taking the two offers to 303.7m shares and $1.52m, about 73% of the $2.09m target. 113.7m shares remain available until 28 May.
What it means for a shareholder
74.0m new shares at A$0.005 to raise about A$370,000. That's 3.8% dilution: every existing holder's slice gets 3.8% smaller. If you held A$1,000 of shares (200,000 at the issue price), your slice goes from 0.0105% to 0.0101% of the company. To keep it you'd need 7,793 more shares - about A$39 at the issue price.
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30 Apr 2025capital raising announcement▲ Good
Lender PURE commits $551,500 to the shortfall offer at 0.5c, paid by offsetting loan interest for the June and September 2025 quarters rather than new cash. Total raised reaches $1.15m of $2.1m target; the program is modelled to lift output by 2.1-5.6 MMscf/d.
7 Mar 2025capital raising announcement▼ BadMajor
The entitlement offer raised only about $0.60m of the $2.1m sought, including $0.15m from shortfall. 89.4m retail shares plus 30m shortfall shares are issued with options. About 328m shortfall shares remain available for three months, so the program may be scaled back.
26 Feb 2025capital raising announcement● Neutral
Reminder that the entitlement offer closes 5pm on 28 February as planned, with a top-up facility for participating holders. No new substance.
10 Feb 2025capital raising announcement● Neutral
The entitlement offer opens 10 February and documents go out to shareholders. It closes 28 February unless extended. The chairman says completion is needed to fund the production uplift program. No new terms.
31 Jan 2025capital raising announcement● NeutralMajor
Vintage launches a $2.1m 1-for-4 entitlement offer at 0.5 cents, each new share with a free option at 0.9 cents. It funds scale removal at Odin and an attempt to flow the Toolachee at Vali, plus working capital. Follows the April 2024 raise at 1 cent.
31 Jan 2025capital raising announcement● Neutral
Prospectus for the 1-for-4 entitlement offer of about 417.3m shares at 0.5 cents with free options at 0.9 cents, to raise about $2.1m. Legal document repeating the terms announced the same day; text is truncated.
What it means for a shareholder
417m new shares at A$0.005 to raise about A$2.1m. That's 20% dilution: every existing holder's slice gets 20% smaller. If you held A$1,000 of shares (200,000 at the issue price), your slice goes from 0.012% to 0.00958% of the company. To keep it you'd need 49,990 more shares - about A$250 at the issue price.
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3 May 2024capital raising announcement● NeutralMajor
Retail offer completed, raising about $5.8m: 371.6m shares applied for plus 211.0m taken by underwriters. This completes the $8.0m raising at $0.01 to fund Odin appraisal drilling. New shares issue 3 May.
What it means for a shareholder
372m new shares at about A$0.0156 to raise about A$5.8m. That's 25% dilution: every existing holder's slice gets 25% smaller. If you held A$1,000 of shares (64,069 at the issue price), your slice goes from 0.00589% to 0.00439% of the company. To keep it you'd need 21,904 more shares - about A$342 at the issue price.
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19 Apr 2024capital raising announcement● Neutral
Reminder that the retail entitlement offer closes 26 April at $0.01 per share, 1 for 1.3, with a top-up facility. No new information.
3 Apr 2024capital raising announcement● Neutral
Retail offer booklet for the fully underwritten 1-for-1.3 entitlement offer at $0.01 to raise about $6.7m (as stated in the booklet), open 3 to 26 April. Repeats terms already announced.
3 Apr 2024capital raising announcement● Neutral
Administrative confirmation that the retail offer booklet was sent to eligible shareholders on 3 April and a letter to ineligible holders. Offer closes 26 April. Nothing new.
27 Mar 2024capital raising announcement● NeutralMajor
Institutional part of the $8.0m raising is done: ~$2.17m (about 217m shares at $0.01), including the $1.3m placement. The retail offer, ~$5.8m, is now fully underwritten and opens 3 April. Directors commit about $400,000. Funds Odin-2/3 appraisal drilling.
What it means for a shareholder
217m new shares at A$0.010 to raise about A$2.2m. That's 20% dilution: every existing holder's slice gets 20% smaller. If you held A$1,000 of shares (100,000 at the issue price), your slice goes from 0.0115% to 0.0092% of the company. To keep it you'd need 24,946 more shares - about A$249 at the issue price.
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25 Mar 2024capital raising announcement● NeutralMajor
Vintage is raising $8.0m at 1.0 cent per share, a $1.3m placement plus a $6.7m entitlement offer (1 for 1.3), issuing 799.6m shares. Funds go mainly to drilling Odin-2 and Odin-3; gas could flow by July if successful. The price is far below the 5 cent raise of June 2023.
What it means for a shareholder
800m new shares at about A$0.010 to raise about A$8.0m. That's 48% dilution: every existing holder's slice gets 48% smaller. If you held A$1,000 of shares (99,950 at the issue price), your slice goes from 0.0115% to 0.00599% of the company. To keep it you'd need 91,873 more shares - about A$919 at the issue price.
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28 June 2023capital raising announcement● NeutralMajor
Retail offer completed, raising about $2.6m at $0.05, with 31.05m shares taken up and 21.5m allocated to underwriters. This completes the $5.6m raise, funding the Vali and Odin ramp-up.
What it means for a shareholder
31.1m new shares at about A$0.0837 to raise about A$2.6m. That's 3.7% dilution: every existing holder's slice gets 3.7% smaller. If you held A$1,000 of shares (11,942 at the issue price), your slice goes from 0.00148% to 0.00143% of the company. To keep it you'd need 460 more shares - about A$39 at the issue price.
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7 June 2023capital raising announcement● Neutral
Retail offer booklet for the 5-for-52 entitlement offer at $0.05 per share, aiming for about $3.6m in total and fully underwritten. It opens 7 June and closes 23 June. Booklet is largely legal terms; no new figures.
2 June 2023capital raising announcement● Neutral
The institutional part of the raise is done: about $3.0m at $0.05 ($2.0m placement plus ~$1.0m entitlement), around 59.3m new shares. The ~$2.6m retail offer opens 7 June. Vintage says it is not subject to the gas price cap and is likely exempt from the draft code's price measures.
What it means for a shareholder
59.3m new shares at about A$0.0506 to raise about A$3.0m. That's 7.4% dilution: every existing holder's slice gets 7.4% smaller. If you held A$1,000 of shares (19,767 at the issue price), your slice goes from 0.00265% to 0.00245% of the company. To keep it you'd need 1,570 more shares - about A$79 at the issue price.
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31 May 2023capital raising announcement● NeutralMajor
Vintage launched a $5.6m raise at $0.05 per share: a $2.0m placement and a $3.6m fully underwritten 5-for-52 entitlement offer, issuing about 111.8m shares. Funds go to taking Vali from 1 to 3 wells and bringing Odin online. Directors take up ~$0.22m.
19 Jan 2022capital raising announcement▲ GoodMajor
The Share Purchase Plan closed with $3.44 million of eligible applications against a $2.0 million target; the directors will accept all of them. About 40.5 million shares at $0.085 will be issued, taking the December raising total to $12 million.
What it means for a shareholder
40.5m new shares at A$0.085 to raise about A$3.4m. That's 5.4% dilution: every existing holder's slice gets 5.4% smaller. If you held A$1,000 of shares (11,765 at the issue price), your slice goes from 0.00167% to 0.00158% of the company. To keep it you'd need 676 more shares - about A$57 at the issue price.
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16 Dec 2021capital raising announcement● Neutral
Offer booklet for the Share Purchase Plan: eligible shareholders could buy up to $30,000 of shares at $0.085, closing 14 January 2022. Administrative document for the raising already announced.
13 Dec 2021capital raising announcement● NeutralMajor
Vintage raised $8.5 million through a placement of 100 million shares at $0.085, a 13.3% discount to the last close, plus a Share Purchase Plan targeting $2.0 million. Funds are for Odin-1 completion and tie-in, ATP 2021 exploration, Cervantes drilling and Nangwarry studies.
What it means for a shareholder
100m new shares at A$0.085 to raise about A$8.5m. That's 14% dilution: every existing holder's slice gets 14% smaller. If you held A$1,000 of shares (11,765 at the issue price), your slice goes from 0.00194% to 0.00167% of the company. To keep it you'd need 1,944 more shares - about A$165 at the issue price.
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15 Dec 2020capital raising announcement▲ Good
Vintage placed the 53,238,266 shortfall shares from its partially underwritten entitlement offer at 6.0 cents each, raising about $3.2 million before costs. The funds will go to the Vali pipeline connection, Nangwarry testing, further Vali wells and the Odin prospect.
21 Oct 2020capital raising announcement▲ GoodMajor
Entitlement offer closed raising $8.9m at $0.06; with the $3.1m placement, $12.0m received. Shortfall of 53.2m shares (~$3.2m) remains, which Vintage may place within three months. Completes the raising announced 17 September.
What it means for a shareholder
53.2m new shares at about A$0.1673 to raise about A$8.9m. That's 12% dilution: every existing holder's slice gets 12% smaller. If you held A$1,000 of shares (5,978 at the issue price), your slice goes from 0.00149% to 0.00131% of the company. To keep it you'd need 790 more shares - about A$132 at the issue price.
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28 Sept 2020capital raising announcement● Neutral
Entitlement offer booklet sent to eligible shareholders. The 1-for-2 offer at $0.06 (up to ~$12.1m) opens 28 September and closes 16 October 2020. Procedural step in the raising announced 17 September.