Past year: ▼ 50%(0.10c – 0.20c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
13 Aug 2026auditor change● Neutral
Moore Australia Audit (WA) appointed auditor on 13 August 2026, replacing Hall Chadwick, which resigned with ASIC consent. The board cited experience and competitive fees. Shareholders will vote to ratify the appointment at the 2026 AGM.
30 July 2026quarterly activities report● Neutral
June 2026 quarter: water injection began at Varn after JVU-4 was completed, resolving that open thread. Production was 65 boepd, revenue A$582k on a US$97.83 oil price. Cash was only about A$207k; the A$250k McGoldrick loan was undrawn. Shares on issue 1.713bn.
29 May 2026agm notice● Neutral
All four resolutions at the 29 May 2026 AGM were carried: remuneration report, Wheeler re-election, Naude election and the 7.1A placement mandate (98.75% for). Resolves the AGM thread from the earlier notice.
30 Apr 2026quarterly activities report▼ Bad
March 2026 quarter: production fell to 63 boepd from 73 (winter weather), revenue A$350k versus A$426k, average oil price US$58.80. JVU-4 injector reached 4,905ft and is being tied in; next Varn well (JVU-9) planned for March quarter 2027.
29 Apr 2026agm notice● Neutral
Notice of AGM on 29 May 2026 in Perth: adopt remuneration report, re-elect Wheeler, elect Naude, and approve a 10% 7.1A placement mandate. Date moved from the 19 May earlier announced.
29 Apr 2026agm notice● Neutral
Cover letter telling shareholders the AGM is on 29 May 2026 and the notice is online, with proxies due 27 May. No new substance.
31 Mar 2026annual report● Neutral
Annual report for 2025: production averaged 72 boepd (73 in 2024) and revenue was US$1.44M versus US$1.85M, as oil price averaged US$65.37 versus US$77.18. Varn 30% was farmed out and JVU-4 drilled after year end. Financial statements are truncated.
31 Mar 2026annual report● Neutral
Appendix 4G key to the corporate governance statement for the 2025 year, with the statement on the company website. Administrative filing with no new substance.
23 Mar 2026material agreement● NeutralMajor
Winchester signed a binding term sheet to join a Triangle Energy offshore Indonesia joint study (about US$300k, 6-8 months), with an option on 24.5% of any PSC awarded. It will lend Triangle A$500k as bond collateral, and took A$250k loans each from Peterson's Celtic Capital and McGoldrick to help with study costs.
19 Mar 2026agm notice● Neutral
Announces the annual general meeting date of 19 May 2026, with director nominations closing 7 April 2026. Administrative notice only. The meeting was later set for 29 May.
19 Mar 2026drilling spud● Neutral
Drilling began 18 March 2026 on JVU-4, the first water injection well in the Varn waterflood (Winchester 70%, operator). Target depth is 4,900ft, about 12 drilling days. Water injection follows completion, the next step in the waterflood plan.
12 Mar 2026agm notice● Neutral
All resolutions at the 12 March 2026 general meeting were carried, including ratifying the December placement shares, issuing placement shares to McGoldrick and Peterson, broker options, and electing Wheeler and Zielinski. This completes the second tranche approvals.
5 Feb 2026agm notice● Neutral
Letter notifying shareholders of a general meeting on 12 March 2026 in Perth. Business is not detailed here; it likely covers the second placement tranche (inference).
30 Jan 2026quarterly activities report● Neutral
December 2025 quarter: production rose to 73 boepd from 69, revenue was A$426k (the text's highlights also quote A$458,610, the prior quarter's figure), and JVU-5 averaged about 14 bopd over ~80 days. JVU-4 injector planned Q1 2026. The A$350k placement first tranche (A$205k) completed.
30 Jan 2026quarterly activities report● Neutral
Cash flow report for December 2025 quarter: cash ended at US$466k (US$528k prior quarter). Operating cash flow was +US$52k, with US$284k spent on development of oil and gas assets and US$185k raised from equity. No debt.
17 Dec 2025capital raising announcement● Neutral
Cleansing prospectus offering up to 10,000 shares at A$0.001 (raising up to A$10), issued only to remove trading restrictions on shares from the December placement. No new funds of substance.
What it means for a shareholder
10,000 new shares at A$0.001 to raise about A$10. That's 0.00116% dilution: every existing holder's slice gets 0.00116% smaller. If you held A$1,000 of shares (1,000,000 at the issue price), your slice goes from 0.116% to 0.116% of the company. To keep it you'd need 12 more shares - about A$0 at the issue price.
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8 Dec 2025admin correction● Neutral
Corrects the placement size: firm commitments are A$350,000 (350M shares at A$0.001), not A$300,000, with 205M shares under existing placement capacity. No other terms change.
8 Dec 2025capital raising announcement● NeutralMajor
Winchester announced a placement of A$300,000 at A$0.001 per share (300M shares), led by CPS Capital, to fund new growth opportunities and working capital. CEO McGoldrick (A$45k) and former director Peterson (A$100k) take part, subject to shareholder approval. Corrected in the next announcement.
What it means for a shareholder
300m new shares at about A$0.001 to raise about A$300,000. That's 26% dilution: every existing holder's slice gets 26% smaller. If you held A$1,000 of shares (1,000,000 at the issue price), your slice goes from 0.116% to 0.0859% of the company. To keep it you'd need 347,300 more shares - about A$347 at the issue price.
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14 Nov 2025production update▲ GoodMajor
JVU-5 began production at 25 barrels of oil and 74 of water per day over its first seven days, similar to early JVU-6 rates and expected to decline. JVU-6 now produces 18 barrels a day. The next well, JVU-4, is planned for Q1 2026.
3 Nov 2025director officer appointment● Neutral
Thomson Naude, a former Carnarvon Energy CFO, joined as non-executive director. Jason Peterson resigned as a director but stays as corporate adviser via CPS Capital Group.
31 Oct 2025quarterly activities report● Neutral
September 2025 quarter revenue was A$459k (US$298k), with production down to 69 boepd from 73. The Varn farm-out was completed (US$112k received), leaving a 70% interest, and JVU-5 was drilled after quarter end. Cash figures are truncated.
22 Oct 2025drilling result▲ Good
JVU-5 reached 4,877ft on 19 October; logging showed oil and gas shows in the upper and lower Fry sands, in line with expectations and consistent with JVU-6. Completion comes next, then the JVU-4 injector in Q1 2026.
9 Oct 2025drilling spud▲ GoodMajor
Drilling began on 7 October on the JVU-5 production well, the second producer in the Varn waterflood and first well under the new joint venture. Target depth is 4,900ft, with about five drilling days expected.
16 Sept 2025farm in farm out agreement▲ GoodMajor
Winchester farmed out 30% of the Varn waterflood to a US investor group led by Production Lending, for US$112k upfront and 40% of further costs. Total cost is about US$5.6M, with the group committing about US$2.4M. This resolves the unfunded-waterflood thread; Winchester keeps 70% and operates.
12 Sept 2025half year report▼ Bad
Half-year to 30 June 2025: loss of US$555k (US$308k a year earlier), including US$460k of impairment and depletion. Production averaged 73 boepd. Directors are now Peterson, Wheeler and Zielinski; the former board ceased 23 July. Remaining statements are truncated.
21 Aug 2025director officer appointment● NeutralMajor
Chris Zielinski, a corporate lawyer, joined as non-executive director. Rory McGoldrick moves from executive director to part-time CEO on A$120,000 a year with three months' notice. Fills the CEO gap noted in earlier history.
31 July 2025listing compliance notice▲ Good
ASX lifted the suspension from the start of trading on 31 July 2025 after the company confirmed it has enough directors. Trading in the shares resumes.
31 July 2025quarterly activities report● Neutral
June 2025 quarter revenue was A$464k (US$304k), down from A$578k, as the average oil price fell to US$61.89 from US$71.81. Production held at 73 boepd. Reports the Peru withdrawal and Westex win; Group 8A well plugged. Cash figures are truncated.
31 July 2025director officer appointment● NeutralMajor
Jason Peterson (CPS Capital Group) and David Wheeler were appointed non-executive directors, restoring the three-director minimum. The company is still taking advice on the earlier 249D requisition notices.
28 July 2025director officer appointment● Neutral
Legal advice says McGoldrick's resignation was ineffective because the company would otherwise have no director, so he remains sole director with full powers. He will work with ASX and lawyers to restore compliance.
