Announcement • Jun 10
Peninsula Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 36.116115 million. Peninsula Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 36.116115 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 19,660,337
Price\Range: AUD 0.35
Discount Per Security: AUD 0.01925
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 62,400,844
Price\Range: AUD 0.35
Discount Per Security: AUD 0.01925
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 20,999,147
Price\Range: AUD 0.35
Discount Per Security: AUD 0.01925
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 128,572
Price\Range: AUD 0.35
Discount Per Security: AUD 0.01925
Transaction Features: Rights Offering; Subsequent Direct Listing Announcement • May 16
Peninsula Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 36.071115 million. Peninsula Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 36.071115 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 40,659,484
Price\Range: AUD 0.35
Discount Per Security: AUD 0.01925
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 62,400,844
Price\Range: AUD 0.35
Discount Per Security: AUD 0.01925
Transaction Features: Rights Offering; Subsequent Direct Listing New Risk • Mar 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (168% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Major Estimate Revision • Feb 18
Consensus EPS estimates fall by 40% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from US$19.8m to US$18.5m. Losses expected to increase from US$0.025 per share to US$0.034. Oil and Gas industry in Australia expected to see average net income decline 11% next year. Consensus price target up from AU$1.43 to AU$1.73. Share price fell 4.0% to AU$0.71 over the past week. Price Target Changed • Dec 06
Price target decreased by 31% to AU$1.18 Down from AU$1.70, the current price target is an average from 2 analysts. New target price is 127% above last closing price of AU$0.52. Stock is down 53% over the past year. The company is forecast to post a net loss per share of US$0.024 next year compared to a net loss per share of US$0.078 last year. Major Estimate Revision • Oct 11
Consensus revenue estimates fall by 27% The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from US$26.0m to US$19.0m. Forecast losses increased from -US$0.021 to -US$0.024 per share. Oil and Gas industry in Australia expected to see average net income growth of 1.3% next year. Consensus price target broadly unchanged at AU$1.70. Share price fell 10% to AU$0.60 over the past week. Breakeven Date Change • Sep 30
Forecast breakeven date pushed back to 2027 The 3 analysts covering Peninsula Energy previously expected the company to break even in 2026. New consensus forecast suggests the company will make a profit of US$28.8m in 2027. Average annual earnings growth of 48% is required to achieve expected profit on schedule. Price Target Changed • Sep 29
Price target increased by 17% to AU$2.04 Up from AU$1.75, the current price target is an average from 2 analysts. New target price is 282% above last closing price of AU$0.54. Stock is down 72% over the past year. The company is forecast to post a net loss per share of US$0.022 next year compared to a net loss per share of US$0.14 last year. Board Change • Sep 18
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Non-Executive Director Brian Booth is the most experienced director on the board, commencing their role in 2022. Independent Non-Executive Chairman David Allan Coyne was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. New Risk • Aug 28
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 30% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Shareholders have been substantially diluted in the past year (30% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$68.6m market cap, or US$44.7m). Price Target Changed • Aug 27
Price target decreased by 25% to AU$1.98 Down from AU$2.63, the current price target is an average from 3 analysts. New target price is 499% above last closing price of AU$0.33. Stock is down 81% over the past year. The company is forecast to post a net loss per share of US$0.022 next year compared to a net loss per share of US$0.14 last year. Announcement • Aug 22
Peninsula Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 69.867887 million. Peninsula Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 69.867887 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 159,994,581
Price\Range: AUD 0.3
Discount Per Security: AUD 0.018
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 47,898,374
Price\Range: AUD 0.3
Discount Per Security: AUD 0.018
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 25,000,000
Price\Range: AUD 0.3
Discount Per Security: AUD 0.018
Transaction Features: Rights Offering; Subsequent Direct Listing Announcement • Jun 14
Peninsula Energy Limited Announces Executive Changes Peninsula Energy Limited announced that its Chief Operating Officer and Senior Vice President of Geology, Mr. Frederic Guerin, will step down from his position as of 18 July 2025. He has advised the Company that he needs to take time to attend to a personal matter. Peninsula is in discussions with Mr. Guerin about retaining access to his services in an advisory and
mentorship capacity in 2026. Mr. Jitu Bhudia will assume all site finance responsibility as part of his role as Chief Financial Officer for Peninsula. Price Target Changed • Apr 14
Price target decreased by 7.7% to AU$3.61 Down from AU$3.91, the current price target is an average from 4 analysts. New target price is 443% above last closing price of AU$0.67. Stock is down 68% over the past year. The company is forecast to post a net loss per share of US$0.012 next year compared to a net loss per share of US$0.14 last year. Price Target Changed • Apr 08
Price target decreased by 7.7% to AU$3.61 Down from AU$3.91, the current price target is an average from 4 analysts. New target price is 533% above last closing price of AU$0.57. Stock is down 78% over the past year. The company is forecast to post a net loss per share of US$0.067 next year compared to a net loss per share of US$0.14 last year. Price Target Changed • Mar 26
Price target decreased by 7.7% to AU$3.61 Down from AU$3.91, the current price target is an average from 3 analysts. New target price is 408% above last closing price of AU$0.71. Stock is down 72% over the past year. The company is forecast to post a net loss per share of US$0.068 next year compared to a net loss per share of US$0.14 last year. Price Target Changed • Mar 11
Price target decreased by 7.8% to AU$3.91 Down from AU$4.24, the current price target is an average from 4 analysts. New target price is 479% above last closing price of AU$0.68. Stock is down 68% over the past year. The company is forecast to post a net loss per share of US$0.062 next year compared to a net loss per share of US$0.14 last year. New Risk • Mar 11
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$79m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$79m free cash flow). Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (AU$117.3m market cap, or US$73.7m). New Risk • Feb 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$154.0m (US$98.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (AU$154.0m market cap, or US$98.1m). Major Estimate Revision • Feb 04
Consensus revenue estimates increase by 16% The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from US$17.3m to US$20.0m. EPS estimate increased from US$0.03 to US$0.04 per share. Net income forecast to shrink 58% next year vs 9.1% growth forecast for Oil and Gas industry in Australia . Consensus price target down from AU$4.15 to AU$3.98. Share price fell 15% to AU$1.12 over the past week. Major Estimate Revision • Jan 15
Consensus EPS estimates increase from loss to US$0.029 profit The consensus outlook for fiscal year 2025 has been updated. 2025 forecast for profit of -US$0.021 instead of a loss of US$0.029 per share previously. Revenue forecast unchanged at US$11.9m. Oil and Gas industry in Australia expected to see average net income growth of 14% next year. Consensus price target up from AU$3.92 to AU$4.24. Share price rose 4.2% to AU$1.38 over the past week. Price Target Changed • Jan 08
Price target increased by 8.3% to AU$4.24 Up from AU$3.92, the current price target is an average from 4 analysts. New target price is 222% above last closing price of AU$1.32. Stock is down 33% over the past year. The company is forecast to post a net loss per share of US$0.022 next year compared to a net loss per share of US$0.14 last year. New Risk • Jan 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (153% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). Major Estimate Revision • Dec 20
Consensus EPS estimates fall by 55%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$11.8m to US$11.9m. Forecast EPS reduced from -US$0.033 to -US$0.052 per share. Oil and Gas industry in Australia expected to see average net income growth of 3.2% next year. Consensus price target up from AU$3.79 to AU$3.92. Share price rose 6.8% to AU$1.26 over the past week. New Risk • Nov 25
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$9.08m (US$5.90m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (153% increase in shares outstanding). Market cap is less than US$10m (AU$9.08m market cap, or US$5.90m). Price Target Changed • Nov 19
Price target decreased by 13% to AU$0.19 Down from AU$0.21, the current price target is an average from 4 analysts. New target price is 198% above last closing price of AU$0.063. Stock is down 30% over the past year. The company is forecast to post a net loss per share of US$0.0018 next year compared to a net loss per share of US$0.0072 last year. Breakeven Date Change • Nov 15
Forecast breakeven date moved forward to 2025 The 4 analysts covering Peninsula Energy previously expected the company to break even in 2026. New consensus forecast suggests the company will make a profit of US$6.19m in 2025. Earnings growth of 85% is required to achieve expected profit on schedule. Major Estimate Revision • Nov 01
Consensus revenue estimates increase by 18% The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$41.5m to US$48.8m. EPS estimate reaffirmed at -US$0.005 per share. Oil and Gas industry in Australia expected to see average net income growth of 19% next year. Consensus price target broadly unchanged at AU$0.21. Share price fell 6.1% to AU$0.092 over the past week. Announcement • Oct 18
Peninsula Energy Limited, Annual General Meeting, Nov 21, 2024 Peninsula Energy Limited, Annual General Meeting, Nov 21, 2024. Location: bdo, jarrah room, level 9, mia yellagonga tower 2, 5 spring street perth wa 600, perth Australia Breakeven Date Change • Oct 16
Forecast breakeven date pushed back to 2026 The 4 analysts covering Peninsula Energy previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of US$33.7m in 2026. Average annual earnings growth of 82% is required to achieve expected profit on schedule. Reported Earnings • Sep 11
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: US$0.007 loss per share (further deteriorated from US$0.003 loss in FY 2023). Revenue: US$11.9m (down 71% from FY 2023). Net loss: US$12.4m (loss widened 252% from FY 2023). Revenue missed analyst estimates by 13%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Oil and Gas industry in Australia. Over the last 3 years on average, earnings per share has fallen by 37% per year whereas the company’s share price has fallen by 36% per year. Price Target Changed • Jul 02
Price target decreased by 9.0% to AU$0.23 Down from AU$0.25, the current price target is an average from 4 analysts. New target price is 130% above last closing price of AU$0.10. Stock is down 46% over the past year. The company is forecast to post earnings per share of US$0.00099 next year compared to a net loss per share of US$0.0031 last year. Breakeven Date Change • Jun 30
Forecast breakeven date pushed back to 2025 The 4 analysts covering Peninsula Energy previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of US$10.2m in 2025. Average annual earnings growth of 44% is required to achieve expected profit on schedule. Price Target Changed • Jun 25
Price target decreased by 11% to AU$0.24 Down from AU$0.27, the current price target is an average from 4 analysts. New target price is 142% above last closing price of AU$0.10. Stock is down 39% over the past year. The company is forecast to post earnings per share of US$0.00082 next year compared to a net loss per share of US$0.0031 last year. Breakeven Date Change • May 30
Forecast breakeven date moved forward to 2024 The 4 analysts covering Peninsula Energy previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of US$1.43m in 2024. Earnings growth of 60% is required to achieve expected profit on schedule. Breakeven Date Change • May 29
Forecast breakeven date moved forward to 2024 The 4 analysts covering Peninsula Energy previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of US$1.63m in 2024. Earnings growth of 60% is required to achieve expected profit on schedule. Announcement • May 16
Peninsula Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 105.875075 million. Peninsula Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 105.875075 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 528,538,693
Price\Range: AUD 0.1
Discount Per Security: AUD 0.005
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 530,212,052
Price\Range: AUD 0.1
Discount Per Security: AUD 0.005
Transaction Features: Rights Offering; Subsequent Direct Listing Breakeven Date Change • Apr 11
Forecast breakeven date pushed back to 2026 The 3 analysts covering Peninsula Energy previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of US$48.1m in 2026. Average annual earnings growth of 50% is required to achieve expected profit on schedule. Reported Earnings • Mar 17
First half 2024 earnings released: US$0.007 loss per share (vs US$0.003 loss in 1H 2023) First half 2024 results: US$0.007 loss per share (further deteriorated from US$0.003 loss in 1H 2023). Revenue: US$11.9m (down 3.5% from 1H 2023). Net loss: US$8.44m (loss widened 219% from 1H 2023). Revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Oil and Gas industry in Australia. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. New Risk • Jan 31
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Price Target Changed • Jan 26
Price target increased by 12% to AU$0.27 Up from AU$0.24, the current price target is an average from 3 analysts. New target price is 136% above last closing price of AU$0.12. Stock is down 26% over the past year. The company is forecast to post a net loss per share of US$0.00083 next year compared to a net loss per share of US$0.0031 last year. Major Estimate Revision • Jan 23
Consensus EPS estimates fall by 100% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$14.4m to US$13.8m. Losses expected to increase from US$0.0005 per share to US$0.001. Oil and Gas industry in Australia expected to see average net income decline 15% next year. Consensus price target broadly unchanged at AU$0.25. Share price fell 18% to AU$0.12 over the past week. New Risk • Jan 17
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 53% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (16% average weekly change). Announcement • Jan 17
Peninsula Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 50 million. Peninsula Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 50 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 666,666,667
Price\Range: AUD 0.075
Discount Per Security: AUD 0.003563
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Breakeven Date Change • Dec 07
Forecast breakeven date moved forward to 2025 The 3 analysts covering Peninsula Energy previously expected the company to break even in 2026. New consensus forecast suggests losses will reduce by 54% to 2024. The company is expected to make a profit of US$45.9k in 2025. Average annual earnings growth of 55% is required to achieve expected profit on schedule. Price Target Changed • Dec 06
Price target decreased by 7.3% to AU$0.24 Down from AU$0.26, the current price target is an average from 3 analysts. New target price is 131% above last closing price of AU$0.10. Stock is down 16% over the past year. The company is forecast to post earnings per share of US$0 next year compared to a net loss per share of US$0.0031 last year. Major Estimate Revision • Nov 28
Consensus EPS estimates have been upgraded. The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from US$13.1m to US$14.0m. EPS estimate increased from -US$0.0013 per share to US$0.00 per share. Oil and Gas industry in Australia expected to see average net income decline 7.0% next year. Consensus price target down from AU$0.26 to AU$0.26. Share price rose 22% to AU$0.11 over the past week. Breakeven Date Change • Nov 27
Forecast breakeven date moved forward to 2025 The 3 analysts covering Peninsula Energy previously expected the company to break even in 2026. New consensus forecast suggests losses will reduce by 37% to 2024. The company is expected to make a profit of US$2.86m in 2025. Average annual earnings growth of 53% is required to achieve expected profit on schedule. New Risk • Nov 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (18% average weekly change). Minor Risks Shareholders have been diluted in the past year (26% increase in shares outstanding). Market cap is less than US$100m (AU$132.1m market cap, or US$86.8m). Announcement • Nov 21
Peninsula Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 50 million. Peninsula Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 50 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 666,666,667
Price\Range: AUD 0.075
Discount Per Security: AUD 0.003563
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Nov 20
Peninsula Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 10 million. Peninsula Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 10 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 133,333,334
Price\Range: AUD 0.075
Security Features: Attached Options Major Estimate Revision • Nov 02
Consensus estimates of losses per share improve by 68% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from US$12.1m to US$12.6m. EPS estimate increased from -US$0.004 per share to -US$0.0013 per share. Oil and Gas industry in Australia expected to see average net income decline 7.0% next year. Consensus price target broadly unchanged at AU$0.26. Share price was steady at AU$0.13 over the past week. Major Estimate Revision • Oct 23
Consensus revenue estimates increase by 14% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from US$10.5m to US$12.0m. EPS estimate unchanged from -US$0.0029 at last update. Oil and Gas industry in Australia expected to see average net income decline 7.0% next year. Consensus price target broadly unchanged at AU$0.26. Share price rose 4.3% to AU$0.12 over the past week. Announcement • Oct 05
Peninsula Energy Limited, Annual General Meeting, Nov 21, 2023 Peninsula Energy Limited, Annual General Meeting, Nov 21, 2023. Agenda: To consider the election of directors. Reported Earnings • Sep 29
Full year 2023 earnings released: US$0.003 loss per share (vs US$0.005 loss in FY 2022) Full year 2023 results: US$0.003 loss per share (improved from US$0.005 loss in FY 2022). Revenue: US$40.4m (up 121% from FY 2022). Net loss: US$3.53m (loss narrowed 23% from FY 2022). Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 1.6% decline forecast for the Oil and Gas industry in Australia. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Announcement • Aug 31
Peninsula Energy Limited and Strata Energy Inc. Announces the Results for A Revised Production Plan on the Ross & Kendrick Production Areas Within its 100% Owed Flagship Lance Projects Peninsula Energy Limited and its wholly owned subsidiary, Strata Energy Inc. announced the results for a revised production plan on the Ross & Kendrick production areas ("Ross & Kendrick") within its 100% owed flagship Lance Projects ("Lance" or "The Project"), located in Wyoming, USA. A newly revised Life of Mine ("LoM") model for Ross & Kendrick mitigates third party processing risks by bringing the complete process of uranium yellowcake production in-house, from the commencement of production. The revised production strategy for Lance has established a robust and resilient project development plan for the Ross and Kendrick Production Areas, which will see production commence in late current year 2024. The LoM model is based on a total resource base of 21.8Mlbs U3O8 estimated to be contained within the Ross and Kendrick production areas at Lance. The revised plan excludes the contiguous Barber Resource Area and sets the total cost of the plant against Ross & Kendrick production. The expanded plant functionality will be available to process future output from the 31.9Mlb U3O8 resource base at Barber, highlighting the opportunity for significant future growth for the Lance Projects. A LoM production profile that is based on detailed mining, metallurgical and scheduling factors has been developed for the Ross and Kendrick production areas. The updated production profile reflects a faster ramp-up to substantial rates, through the availability of a complete 2.0Mlb p.a. production plant from commencement of production. Production (plant operations) is projected to start in December 2024 and a production output of ~1.1Mlbs is projected for current year 2025. Production in the first two years is planned to be solely from the Ross production area, which has a much higher proportion of Measured and Indicated Resources than the Kendrick production area. Production from Kendrick is planned to commence in 2027. This means that most of the production during the first five years is from the higher confidence Measured and Indicated Resource categories. New Risk • Aug 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$5.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$5.5m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Shareholders have been diluted in the past year (26% increase in shares outstanding). Market cap is less than US$100m (AU$114.4m market cap, or US$74.0m). Recent Insider Transactions Derivative • Aug 09
MD, CEO & Director exercised options to buy AU$125k worth of stock. On the 8th of August, Wayne Heili exercised 1.83m options at around AU$0.11, then sold 583.47k of them at AU$0.11 each and kept the remainder. Since September 2022, Wayne's direct individual holding has increased from 5.94m shares to 7.47m. Company insiders have collectively bought AU$461k more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Jul 22
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$138.3m (US$93.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (26% increase in shares outstanding). Market cap is less than US$100m (AU$138.3m market cap, or US$93.0m). Breakeven Date Change • Jul 20
Forecast breakeven date pushed back to 2026 The 2 analysts covering Peninsula Energy previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of US$10.0m in 2026. Average annual earnings growth of 70% is required to achieve expected profit on schedule. Price Target Changed • Jul 20
Price target decreased by 9.9% to AU$0.33 Down from AU$0.37, the current price target is an average from 3 analysts. New target price is 175% above last closing price of AU$0.12. Stock is down 35% over the past year. The company is forecast to post a net loss per share of US$0.001 next year compared to a net loss per share of US$0.0046 last year. New Risk • Jul 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$5.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-US$5.5m free cash flow). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (26% increase in shares outstanding). Reported Earnings • Mar 17
First half 2023 earnings released: US$0.003 loss per share (vs US$0.004 loss in 1H 2022) First half 2023 results: US$0.003 loss per share (improved from US$0.004 loss in 1H 2022). Revenue: US$12.3m (up 33% from 1H 2022). Net loss: US$2.64m (loss narrowed 27% from 1H 2022). Revenue is forecast to grow 39% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Australia are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 134% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Dec 18
MD, CEO & Director recently bought AU$183k worth of stock On the 13th of December, Wayne Heili bought around 2m shares on-market at roughly AU$0.12 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Wayne's only on-market trade for the last 12 months. Price Target Changed • Dec 09
Price target increased to AU$0.37 Up from AU$0.34, the current price target is an average from 4 analysts. New target price is 185% above last closing price of AU$0.13. Stock is down 42% over the past year. The company is forecast to post earnings per share of US$0.0081 next year compared to a net loss per share of US$0.0046 last year. Major Estimate Revision • Dec 06
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 revenue forecast increased from US$23.2m to US$31.9m. Oil and Gas industry in Australia expected to see average net income growth of 57% next year. Consensus price target of AU$0.34 unchanged from last update. Share price rose 4.0% to AU$0.13 over the past week. Major Estimate Revision • Oct 29
Consensus forecasts updated The consensus outlook for 2023 has been updated. Expected to report loss instead of -US$0.40 instead of US$0 per share profit previously forecast. . Revenue forecast unchanged at US$22.3m Oil and Gas industry in Australia expected to see average net income growth of 57% next year. Consensus price target broadly unchanged at AU$0.35. Share price was steady at AU$0.17 over the past week. Announcement • Oct 07
Peninsula Energy Limited, Annual General Meeting, Nov 29, 2022 Peninsula Energy Limited, Annual General Meeting, Nov 29, 2022. Reported Earnings • Sep 30
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: US$0.005 loss per share (further deteriorated from US$0.002 loss in FY 2021). Revenue: US$18.3m (up 87% from FY 2021). Net loss: US$4.56m (loss widened 232% from FY 2021). Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) also missed analyst estimates by 189%. Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 2.1% decline forecast for the Oil and Gas industry in Australia. Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Recent Insider Transactions Derivative • Aug 25
MD, CEO & Director exercised options to buy AU$160k worth of stock. On the 18th of August, Wayne Heili exercised 1.47m options to receive shares at no cost, then sold around 555.33k of them at AU$0.16 each and kept the remainder. Since September 2021, Wayne's direct individual holding has increased from 5.03m shares to 7.84m. Company insiders have collectively bought AU$146k more than they sold, via options and on-market transactions, in the last 12 months. Breakeven Date Change • Jun 30
Forecast breakeven date pushed back to 2023 The 3 analysts covering Peninsula Energy previously expected the company to break even in 2022. New consensus forecast suggests the company will make a profit of US$6.00m in 2023. Average annual earnings growth of 102% is required to achieve expected profit on schedule. Board Change • May 24
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Ken Wheatley was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 18
Peninsula Energy Limited Appoints Brian Booth as Non-Executive Director Peninsula Energy Limited announced the further strengthening of its Board with the appointment of Mr. Brian Booth as a Non-Executive Director, effective 14 May 2022. Mr. Booth is an experienced mining executive, who brings over 35 years of experience across the mineral exploration and mining sectors with major and junior mining companies. During his career, Mr. Booth has held various CEO roles where he was responsible for developing and executing high-level growth strategies across the mining lifecycle, implementing and progressing key ESG objectives and securing ongoing funding requirements through the capital markets. Most recently, Mr. Booth was President, CEO and director of Element 29 Resources Inc. Mr. Booth is currently a director of SSR Mining Inc. Price Target Changed • Apr 27
Price target increased to AU$0.43 Up from AU$0.40, the current price target is an average from 3 analysts. New target price is 91% above last closing price of AU$0.23. Stock is up 80% over the past year. The company is forecast to post earnings per share of US$0.00049 next year compared to a net loss per share of US$0.0015 last year. Board Change • Mar 29
High number of new directors Non-Executive Director Rachel Rees was the last director to join the board, commencing their role in 2022. Reported Earnings • Mar 17
First half 2022 earnings: EPS and revenues miss analyst expectations First half 2022 results: US$0.004 loss per share (down from US$0.002 loss in 1H 2021). Revenue: US$9.25m (up 233% from 1H 2021). Net loss: US$3.62m (loss widened 107% from 1H 2021). Revenue missed analyst estimates by 34%. Earnings per share (EPS) also missed analyst estimates by 79%. Over the next year, revenue is forecast to grow 94%, compared to a 30% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. 
