Board Change • Aug 24
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Peter Cramer is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • May 02
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Peter Cramer is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 07
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Peter Cramer is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Feb 18
Black Mountain Energy Ltd (ASX:BME) acquired 8 Operating Wells And Leases in Permian Basin from Earthstone Energy, Inc. (NYSE:ESTE). Black Mountain Energy Ltd entered into an agreement to acquire 8 Operating Wells And Leases in Permian Basin from Earthstone Energy Inc for $2 million on January 25, 2023. A transaction deposit of US$100,000 was paid to Earthstone in December 2022 and final consideration for the assets of US$1,900,000 was paid in January 2023.
Black Mountain Energy Ltd (ASX:BME) completed the acquisition of 8 Operating Wells And Leases in Permian Basin from Earthstone Energy, Inc. (NYSE:ESTE) on February 17, 2023. Ankündigung • Feb 17
Black Mountain Energy Ltd Provides Half Moon Project and Valhalla Project Operational Updates Black Mountain Energy Ltd. provided the following operational updates. The acquisition of the Half Moon Project: · Diversifies the Company's portfolio · Provides immediate production & revenue · Potential hydrocarbons are believed to exist in multiple formations on the acreage · Further value may be unlocked via horizontal drilling · Efforts underway to consider expanding footprint. The Company will have immediate production of approximately 1,800 gross mcfepd or 465 mcfepd net from 8 wells situated on over 3,200 gross (1,268 net non- operated acres). Potential hydrocarbons are believed to exist in multiple formations on the acreage. Technical workflows are underway to fully understand the potential upside and to prioritize a forward plan for future activity. This plan will investigate using horizontal drilling technology to further unlock value as well as consider efforts to expand its footprint in the area. Project Valhalla The Company continues to advance Project Valhalla in EP 371. The Company remains committed to progressing approvals, data acquisition and appraisal planning on the permit this year. Recently, the Fitzroy Crossing area and the area in and around the Valhalla Project experienced catastrophic flooding in early January 2023. The Company is in communication with its area stakeholders and is reviewing various ways to provide support to those affected. The damage to key infrastructure is extensive and access to the area is limited and restricted. The Company had fully intended to complete its new 2D seismic acquisition during the first half of 2023. While executing the seismic acquisition during this timeframe has not been ruled out, it is very possible a delay may occur. As a precaution, the Company will apply for an S&E (suspend & extend) application with the regulator. The Company will continue to monitor access and work closely with the seismic contractor. Ankündigung • Jan 27
Black Mountain Energy Ltd entered into an agreement to acquire 8 Operating Wells And Leases in Permian Basin from Earthstone Energy Inc for $2 million. Black Mountain Energy Ltd entered into an agreement to acquire 8 Operating Wells And Leases in Permian Basin from Earthstone Energy Inc for $2 million on January 25, 2023. Ankündigung • Jan 19
Black Mountain Energy Ltd Announces CFO Changes Black Mountain Energy Ltd. announced the appointment of Mr. Craig Gouws as Chief Financial Officer (CFO) with immediate effect. Mr. Gouws is a Chartered Accountant with extensive Australian and international experience gained throughout the United Kingdom, Europe, Africa, Middle East and the USA. Until recently, Mr. Gouws was CFO of Armour Energy Ltd, a Brisbane based ASX listed company focussed on the exploration, development and production of gas and associated liquids resources. Prior to this, he served as CFO at a number of companies which included the management of oil and gas operations and funding of projects. Mr. Gouws has also served as senior audit manager at Ernst and Young LLP (London) and Deloitte & Touche (Saudi Arabia). Mr. Gouws replaces current CFO, Mr. Alan Cooper, who will assist in the hand over of responsibilities before retiring from the Company on 7 February 2023. Ankündigung • Nov 11
Black Mountain Energy Ltd Appoints Craig Costello as Non-Executive Director Black Mountain Energy Ltd. announced the appointment of Mr. Craig Costello to the role of non-executive director with immediate effect. Mr. Costello is an experienced oil and gas industry professional with 25 years multinational exploration & production operator experience across disciplines from reservoir to export and across all levels from roughneck to engineer, and within executive management leadership teams. He currently serves as a Director of the ResToEx Pty Ltd. consultancy, which offers integrated oil & gas asset management and development with a focus on small fields. Thiswork involves developing and executing appraisal and development strategies for a large variety of oil and gas resources across Australia, Asia, Middle East, North Sea & North America. Ankündigung • Nov 09
Black Mountain Energy Ltd Announces Board Changes Black Mountain Energy Ltd. announced the resignation of Ms. Sara Kelly from her role of Non-Executive Director effective 11 November 2022. In addition, the company also announced that Alan Cooper will cease being joint companysecretary effective immediately. Mr. Donovan remains the sole company secretary. Ankündigung • Oct 18
Black Mountain Energy Ltd Provides Operations Update Black Mountain Energy Ltd. advised the market on 15 September 2022 that its Odin 2D seismic acquisition program at the Valhalla project had been put on hold pending a final regulatory approval from the Department of Mining, Industrial Regulation and Safety. 130km lines have been cleared and surveyed in preparation for the acquisition program. Following the demobilisation of the geophysical survey contractors in mid-September, the Company has pursued a number of alternatives, including engaging different contractors, to enable it to re-schedule the carrying out of the 2D seismic acquisition program during calendar 2022, however, owing to limited availability of appropriate equipment and personnel, it has proved difficult to secure the services of a geophysical acquisition team with sufficient time to complete the program before the onset of the wet season in the Canning Basin. The Company has incurred expenses of $1.3 million on the 2D seismic program year to date. The Company will now consider the most appropriate timing, likely early Second Quarter 2023, to complete the Odin 2D seismic acquisition program. The Company is analysing a plan to vary its work program to include drilling an appraisal well during 2023. Ankündigung • Oct 14
Black Mountain Energy Ltd Announces the Resignation of Ms Samantha Richardson from Non-Executive Director Black Mountain Energy Ltd. announced the resignation of Ms Samantha Richardson from her role of Non-Executive Director. Ankündigung • Sep 20
Black Mountain Energy Ltd Announces Resignation of Ashley Zumwalt-Forbes Alternate Director Black Mountain Energy Ltd. advised that Ms Ashley Zumwalt-Forbes has resigned as an alternate director for Mr. Rhett Bennett, effective 16 September 2022. Ankündigung • Sep 07
Black Mountain Energy Ltd Announces Executive Changes, Effective from 1 October 2022 Black Mountain Energy Ltd. announces the appointment of Michael Laurent in the role of Chief Operating Officer. Mr. Laurent will replace the company's current Chief Operating Officer Mrs. Samantha Richardson. The Board acknowledges and thanks Mrs. Richardson for her significant contribution where she has spent the past 3 years stewarding BME's progress to date. Her depth of knowledge is greatly valued and will be retained by her position as Non-Executive Director, effective as 1 October 2022. Mr. Laurent's appointment has been a strategic decision as the company embarks on its next phase of growth. He joins at an exciting time as Black Mountain Energy focuses on its operational strategy of unlocking the Canning Basin and expanding its portfolio in the region. He will take a lead role in framing, evaluating, implementing, and delivering on BME's strategy related to advancing it's Valhalla project and pursing new business opportunities. He will assume his role no later than the 28 November 2022 in line with his current employment conditions. Mr. Laurent is a professional engineer and senior executive with over 25 years of international oil & gas experience. He brings substantial expertise in reservoir, drilling, facilities, production optimization and operations with particular emphasis on resource and business development. He comes from his current role as Chief Operating Officer at Armour Energy, where he provided leadership and direction across all exploration and development efforts and assumed responsibility for site operations and Environmental Health and Safety. Mr. Laurent has a unique and extensive understanding of the petroleum industry having started his career with service companies and then progressing to energy producers - Encana Corporation, Murphy Oil, Santos and Armour Energy. Mr. Laurent's experience is underpinned with strong strategic, commercial, and technical acumen in both conventional and unconventional reservoirs. He is known for his people centric leadership approach and building high performing teams. Ankündigung • Jul 19
Black Mountain Energy (Bme) Announces Seismic Line Clearing Activities Are Completed Black Mountain Energy (BME) announced seismic line clearing activities are completed. With seismic acquisition to follow line clearing, the Odin 2D seismic program will result in 130 linear kms of additional data, providing further definition to the southwest portion of the permit, ahead of the 2024 appraisal well program. The 2D seismic program contract was awarded to Terrex after a competitive tender process. Company's field team, consisting of Traditional Owner Liaison Officers, an Archeologist, an Environmental Officer, and a Seismic Supervisor, mobilized to site in advance of seismic contractors in order to properly prepare for Health, Safey, Environment, and Heritage induction activities as well as the upcoming operations. In conjunction with a number of Traditional Owners, BME took the opportunity to undertake additional heritage survey activities prior to clearing, ensuring there would be no unintended impacts to sites of cultural significance, as well as providing additional employment opportunities within the community. Traditional Owners are crucial to these on ground activities. BME enjoys working in partnership with community members, bringing economic development and employment to the region. Ankündigung • Apr 14
Black Mountain Energy Ltd, Annual General Meeting, May 27, 2022 Black Mountain Energy Ltd, Annual General Meeting, May 27, 2022, at 09:00 W. Australia Standard Time. Location: Level 14, 225 St Georges Terrace Perth Australia Agenda: To consider the annual report of the company and its controlled entities for the financial year ended 31 December 2021, which includes the financial report, the directors' report, and the auditor's report; to consider the remuneration report; to consider the election of director; to consider the approval of 10% placement facility; to consider the appointment of auditor; and to consider the modification of existing constitution. Ankündigung • Apr 01
Black Mountain Energy Ltd Receives Environmental Approvals for Seismic Surveys At Valhalla Project Black Mountain Energy Ltd. announced that its Seismic Environmental Plan for 130kms of 2D survey within EP 371 has been approved by the Department of Mines, Industry Regulation & Safety (DMIRS). The Environmental Plan was lodged with DMIRS in late December 2021 after completing multiple flora, fauna, and heritage surveys across the proposed seismic survey area and the wider EP 371 acreage. These surveys were undertaken during 2021. The surveys focused on the proposed seismic and future well site areas and the targeted flora and vegetation survey, which was conducted in accordance with EPA Technical Guidance: Flora and Vegetation Surveys for Environmental Impact Assessment (2016), indicated: no threatened flora present; no threatened ecological communities were present; and vegetation communities were all well represented. A targeted fauna survey, undertaken in accordance with the EPA Technical Guidance: Terrestrial Vertebrate Fauna Surveys for Environmental Impact Assessment (2020), found no direct observations of the Greater Bilby during the survey. Although Bilbies have not been directly observed, the Company will implement a precautionary approach to its activities, to ensure it conserves the environment in which it operates. The heritage survey was undertaken by independent archaeologists and anthropologists together with two of the Traditional Owner groups who reside within the applicable area of EP 371. These surveys provided the opportunity for community elders to undertake an aerial overview as well as walk the proposed seismic lines in order to make any adjustments required to the seismic design, ensuring there is no impact to areas of cultural significance from the seismic survey. The heritage survey employed numerous elders and members of the local communities, providing the opportunity to continue to foster transparency and relationships by working together in partnership, ensuring a greater understanding of the cultural significance within the region and the proposed activities. BME is fully committed to complying with the relevant regulations and requirements and has been thorough in its reports and submissions. Recent Insider Transactions • Feb 19
Executive Chairman & CEO recently bought AU$106k worth of stock On the 18th of February, Rhett Bennett bought around 750k shares on-market at roughly AU$0.14 per share. In the last 3 months, they made an even bigger purchase worth AU$139k. Rhett has been a buyer over the last 12 months, purchasing a net total of AU$407k worth in shares. Recent Insider Transactions • Feb 10
Executive Chairman & CEO recently bought AU$130k worth of stock On the 3rd of February, Rhett Bennett bought around 1m shares on-market at roughly AU$0.13 per share. In the last 3 months, they made an even bigger purchase worth AU$139k. Rhett has been a buyer over the last 12 months, purchasing a net total of AU$269k worth in shares. Ankündigung • Feb 07
Black Mountain Energy Ltd Appoints Ashley Zumwalt-Forbes as an Alternate Director Black Mountain Energy announced that Ashley Zumwalt-Forbes has been appointed as an alternate director for Rhett Bennett, effective 7 February 2022. Ms. Zumwalt-Forbes is an engineer with ten years' experience in acquiring, financing, and developing both greenfield and brownfield natural resources projects around the globe. Ms. Zumwalt-Forbes currently serves as a Chief Executive Officer of Black Mountain Carbon Lock, a private carbon negative company. In addition, she is a senior adviser to the Company. The appointment will continue for a period of 1 year or until termination in accordance with the company's constitution. Ms. Zumwalt-Forbes will be subject to the existing protocols and other arrangements which govern existing directors of the company. Recent Insider Transactions • Dec 27
Executive Chairman & CEO recently bought AU$139k worth of stock On the 23rd of December, Rhett Bennett bought around 900k shares on-market at roughly AU$0.15 per share. This was the largest purchase by an insider in the last 3 months. This was Rhett's only on-market trade for the last 12 months.