Annuncio • Jul 20
H3 Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 1.79 million. H3 Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 1.79 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 209,676,186
Price\Range: AUD 0.0075
Discount Per Security: AUD 0.00045
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,657,148
Price\Range: AUD 0.0075
Discount Per Security: AUD 0.00045
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 25,333,333
Price\Range: AUD 0.0075
Discount Per Security: AUD 0.00045
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Annuncio • Apr 30
H3 Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 1.6 million. H3 Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 1.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 213,333,334
Price\Range: AUD 0.0075
Discount Per Security: AUD 0.00045
Transaction Features: Subsequent Direct Listing Annuncio • Oct 30
Whitebark Energy Limited, Annual General Meeting, Nov 28, 2025 Whitebark Energy Limited, Annual General Meeting, Nov 28, 2025. Location: steinepreis paganin, qv1, 250 st georges terrace, wa 6000, perth Australia Annuncio • Oct 29
Whitebark Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 0.85 million. Whitebark Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 0.85 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 150,000,000
Price\Range: AUD 0.005
Discount Per Security: AUD 0.0003
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 20,000,000
Price\Range: AUD 0.005
Discount Per Security: AUD 0.0003
Transaction Features: Subsequent Direct Listing Annuncio • Feb 06
Whitebark Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 2 million. Whitebark Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 61,898,413
Price\Range: AUD 0.0065
Discount Per Security: AUD 0.00039
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 245,793,896
Price\Range: AUD 0.0065
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Annuncio • Oct 30
Whitebark Energy Limited, Annual General Meeting, Nov 29, 2024 Whitebark Energy Limited, Annual General Meeting, Nov 29, 2024. Location: at steinepreis paganin, qv1, 250 st georges terrace, perth wa 6000 Australia New Risk • Oct 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Negative equity (-AU$2.9m). Shareholders have been substantially diluted in the past year (69% increase in shares outstanding). Market cap is less than US$10m (AU$1.98m market cap, or US$1.37m). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Revenue is less than US$5m (AU$1.5m revenue, or US$1.1m). New Risk • Jun 30
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 59% 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 Negative equity (-AU$2.9m). Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Market cap is less than US$10m (AU$2.34m market cap, or US$1.56m). Minor Risk Revenue is less than US$5m (AU$1.5m revenue, or US$1.0m). Annuncio • Jun 15
Whitebark Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 1.011751 million. Whitebark Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 1.011751 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 84,312,608
Price\Range: AUD 0.012
Discount Per Security: AUD 0.00072
Security Features: Attached Options
Transaction Features: Rights Offering Annuncio • Mar 23
Whitebark Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 0.516999 million. Whitebark Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 0.516999 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 16,148,400
Price\Range: AUD 0.02
Discount Per Security: AUD 0.0012
Security Name: Shares
Security Type: Common Stock
Securities Offered: 9,701,550
Price\Range: AUD 0.02
Discount Per Security: AUD 0.0012
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Mar 16
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: -AU$508k 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 (-AU$508k free cash flow). Shares are highly illiquid. Negative equity (-AU$2.9m). Revenue is less than US$1m (AU$1.5m revenue, or US$1m). Market cap is less than US$10m (AU$3.60m market cap, or US$2.36m). Minor Risk Shareholders have been diluted in the past year (12% increase in shares outstanding). Board Change • Mar 01
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Chairman Mark Lindh was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Jan 12
Whitebark Energy Limited Announces Board Changes Whitebark Energy Limited advises of the resignation of Non-Executive Chairman, Mr. Duncan Gordon effective immediately. The Company also advises of the appointment of Mr. Mark Lindh as a Non-Executive Director effective immediately. Mark is a founder and principal of AE Advisors. He has acted as the principal corporate and financial advisor to a number of Australian corporate success stories and has extensive experience in Australian equity and debt markets and advising clients on capital raisings, mergers and acquisitions and investor relations. Mark brings extensive experience with listed companies in the Australian energy industry and is currently a Non-Executive director of ASX listed Bass Oil Ltd. and Non-Executive Chairman of Aerometrex Ltd. Mr. Lindh has accepted the role of Non-Executive Chairman. Annuncio • Nov 29
Whitebark Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 0.516999 million. Whitebark Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 0.516999 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 16,148,400
Price\Range: AUD 0.02
Discount Per Security: AUD 0.0012
Security Name: Shares
Security Type: Common Stock
Securities Offered: 9,701,550
Price\Range: AUD 0.02
Discount Per Security: AUD 0.0012
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Annuncio • Oct 30
Whitebark Energy Limited, Annual General Meeting, Nov 29, 2023 Whitebark Energy Limited, Annual General Meeting, Nov 29, 2023, at 10:00 AUS Central Standard Time. Location: Ground Floor 70 Hindmarsh Square Adelaide South Australia Australia Agenda: To consider the Adoption of Remuneration Report; to consider the Re-election of Director Mr. Matthew White; to consider the Ratification of the issue of Convertible Notes; to consider the Approval of Issue of Convertible Notes to Mr. Duncan Gordon; to consider the Approval of Issue of Convertible Notes to Mr. Duncan Gordon; to consider the Approval of Issue of Convertible Notes to Mr. Tino Guglielmo; to consider the Approval Of 7.1A Mandate; and to consider the Ratification of prior issue of Convertible Notes to AE Advisors. Board Change • Oct 19
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Interim CEO & Director Simon Brealey is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Annuncio • Oct 05
Whitebark Energy Limited announced that it has received AUD 1 million in funding On October 03, 2023, Whitebark Energy Limited closed the transaction. The transaction included participation from Board members. The company issued 1,000,000 redeemable convertible notes at a price of AUD 1 per note for the gross proceeds of AUD 1,000,000. The notes convert to ordinary shares at an Issue Price of AUD 0.0005 per share (being an equity value of AUD 3.6m). The conversion price may be adjusted to reflect the commercial terms of any subsequent capital raising or restructure, at the election of the noteholder. Annuncio • Sep 13
Whitebark Energy Limited announced that it expects to receive AUD 1 million in funding Whitebark Energy Limited announced a private placement of 1,000,000 redeemable convertible notes at a price of AUD 1 per note for the gross proceeds of AUD 1,000,000 on September 12, 2023. The notes have a coupon rate of 20% and are convertible into equity shares of the company at a conversion price of AUD 0.0005 per share. The transaction is subjected to shareholders approval. The transaction is expected to close within 30 days. Board Change • Aug 31
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Interim CEO & Director Simon Brealey is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Jun 27
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Interim CEO & Director Simon Brealey is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Reported Earnings • Mar 15
First half 2023 earnings released: AU$0.017 loss per share (vs AU$0 in 1H 2022) First half 2023 results: AU$0.017 loss per share (further deteriorated from AU$0 in 1H 2022). Revenue: AU$1.10m (down 43% from 1H 2022). Net loss: AU$832.0k (loss widened 94% from 1H 2022). Over the last 3 years on average, earnings per share has fallen by 41% per year whereas the company’s share price has fallen by 37% per year. Annuncio • Jan 09
Whitebark Energy Limited Announces Rex-4 Status Update - Wizard Lake Field Production Now At 180 boe/d Whitebark Energy Limited announced progress on clean-up flow rates following completion of hydraulic fracture stimulation operations at the Rex-4 development well at the Company's 100% owned Wizard Lake Oil and Gas Field in Alberta, Canada. The Rex-4 well was allowed a ‘rest’ period prior to commencing clean-up; all incremental production is going directly to market via Whitebark's 100% owned facilities at Wizard Lake. Initial managed clean-up flow rates from the Rex-4 well were reported as ~230 barrels of fracture stimulation fluid per day on November 20, 2022, at a pump-rate of 3 strokes per minute. Oil traces were noted in the recovered fluid on November 22, 2022 at a total of approximately 800 barrels of recovered fluid. Pump rate has been gradually increased to 5.5 spm as of December 13, 2022, with accompanying flow rates of ~500 barrels of fluid per day, and is being increased to 6 strokes per minute at January 9, 2023. Current oil cut is approximately 15% and increasing steadily. Rex-4 currently sits at ~48% recovery of injected fluid. Eventual oil cut is expected to be approximately 40% (as demonstrated in wells Rex-1 through Rex-3) and this will occur once all load fluid is recovered. This is a standard oil-saturation for sandstone reservoirs. Rex-4 is performing according to expectations and by comparison to the other wells. Overall field production at Wizard Lake has increased to ~180 barrels of oil equivalent per day (boe/d) from ~50 boe/d prior to gradually bringing Rex-4 online. Rex-4 is currently contributing ~25% of total production and this will increase as the oil cut at Rex-4 increases. The Company's strategy remains to manage the Rex-4 wellbore carefully as it is brought into stabilised production. During the clean-up period flow rates have been gradually increased as appropriate based on the behaviour of the well. As the frac fluid is increasingly recovered, Rex-4 oil flow-rates will be increased gradually over the course of several weeks to the modelled stabilised initial production rate of 300 bopd plus associated gas. Company believes that this strategy will contribute to greater well lifespan and increased ultimate recovery. Whitebark has modelled ultimate post-clean up production rates of approximately 300 barrels of oil and 1,400 mscf gas per day which will lift total Wizard Lake production to approximately ~750 boepd. The Company expects ultimate recovery of approximately 146,000 barrels of oil and 1.3 Bcf gas from Rex-4 The Company successfully ran 50 hydraulic fracture stimulation stages in the target Rex Sandstone reservoir at an approximate interval of 40m per the completion plan. The fracture stimulation program was the most ambitious yet at Wizard Lake and was consistent with the strategic plan of increased horizontal length and a greater number of fracture stages than in previous wells. Each of the fifty 30 Tonne fracs consisted of 1 tonne of 50/140 sand followed by 29 tonnes of 16/30 sand with final concentrations of 600-800 kg/m3. A total of 1,483.5 tons of proppant was pumped during the program. Wizard Lake Oil and Gas Field - Immediate development potential: It is planned for the next four Wizard Lake wells (Rex-5 through Rex-8) to address existing Proved (‘1P’) Reserves which is calculated to be 2.3 million barrels of oil equivalent,. Whitebark plans to drill and complete all four wells from the existing well pad without further infrastructure investment required. The Company has identified 20 additional development locations which will target the remainder of the Company's 2P reserves (5.12 million barrels of oil equivalent in total) and contingent resources (an additional 4.7 mmboe). Board Change • Nov 17
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Interim CEO & Director Simon Brealey is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Reported Earnings • Oct 01
Full year 2022 earnings released: EPS: AU$0 (vs AU$0.002 loss in FY 2021) Full year 2022 results: EPS: AU$0 (improved from AU$0.002 loss in FY 2021). Revenue: AU$3.16m (up 18% from FY 2021). Net loss: AU$915.2k (loss narrowed 91% from FY 2021). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Board Change • Jun 09
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Interim CEO & Director Simon Brealey is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. 
