10 Dec 2007other● Neutral
Restricted securities statement: 39.5 million shares and 3.75 million unlisted $0.30 options are escrowed for 24 months from quotation. Administrative.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
10 Dec 2007other● Neutral
ASX circular confirming quotation from 12 December 2007. It notes 39.5 million shares and 3.75 million options are escrowed for 24 months, and describes Orion as a northern NSW explorer using licences held by Eastern Star Gas.
10 Dec 2007regulatory community update● Neutral
Orion's 100% interests in PELs 8, 422, 424 and 455 were registered on 7 December 2007. Transfers of initial 30% in PEL 427 and 20% in PEL 428 are still being lodged. PELA 73 licence is not yet granted.
10 Dec 2007other● Neutral
Corporate governance statement setting out board charter and policies. Board has a majority of independent non-executives; Barry Smith is Managing Director. No new commercial substance.
3 Dec 2007capital raising announcement● NeutralMajor
Prospectus lodged for Orion Petroleum's float (later Warrego Energy), an NSW oil and gas explorer planning to list on ASX as OIP, offering shares and listed options. Underwritten by Patersons and Commonwealth Securities; raise size and price not in the excerpt.