New Risk • Jan 30
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 13% 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 No financial data reported. Shareholders have been substantially diluted in the past year (153% increase in shares outstanding). Market cap is less than US$10m (AU$9.79m market cap, or US$6.90m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Announcement • Oct 07
Top End Energy Limited, Annual General Meeting, Nov 27, 2025 Top End Energy Limited, Annual General Meeting, Nov 27, 2025. New Risk • Jun 18
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 13% 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 No financial data reported. Shareholders have been substantially diluted in the past year (149% increase in shares outstanding). Market cap is less than US$10m (AU$13.4m market cap, or US$8.70m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). New Risk • May 29
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.2m (US$9.18m) 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 No financial data reported. Shareholders have been substantially diluted in the past year (149% increase in shares outstanding). Market cap is less than US$10m (AU$14.2m market cap, or US$9.18m). New Risk • Mar 28
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 221% 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 No financial data reported. Shareholders have been substantially diluted in the past year (221% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$23.5m market cap, or US$14.8m). New Risk • Feb 14
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 No financial data reported. Share price has been highly volatile over the past 3 months (17% average weekly change). Market cap is less than US$10m (AU$10.0m market cap, or US$6.34m). Minor Risk Shareholders have been diluted in the past year (25% increase in shares outstanding). New Risk • Dec 04
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 13% 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 No financial data reported. Market cap is less than US$10m (AU$11.3m market cap, or US$7.26m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (25% increase in shares outstanding). Announcement • Dec 04
Top End Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 6 million. Top End Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 22,070,313
Price\Range: AUD 0.1
Discount Per Security: AUD 0.006
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 37,929,687
Price\Range: AUD 0.1
Discount Per Security: AUD 0.006
Transaction Features: Subsequent Direct Listing Board Change • Oct 09
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Emmanuel Correia was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 03
Top End Energy Limited, Annual General Meeting, Nov 21, 2024 Top End Energy Limited, Annual General Meeting, Nov 21, 2024. Announcement • Jul 12
Top End Energy Limited (ASX:TEE) completed the acquisition of NT Exploration Permits (EP) 144, 153 and 154 from Minerals Australia Pty Ltd and Jacaranda Minerals Ltd. Top End Energy Limited (ASX:TEE) agreed to acquire NT Exploration Permits (EP) 144, 153 and 154 from Minerals Australia Pty Ltd and Jacaranda Minerals Ltd on February 27, 2024. The completion of the acquisition is conditional upon and subject to parties entering into definitive documents; receipt of regulatory approval for the transfer of title to the Permits; and obtaining all other consents or approvals required in connection with the transaction, On May 8, 2024 the parties entered into sale purchase agreement. The funds raised from the placement will be used primarily to fund near-term exploration activities on the Permits, ongoing holding costs following completion of the acquisition of the Permits and ongoing corporate working capital. The completion is expected in Q2 2024. As of July 1, 2024, the transaction has been approved by Northern Territory Government.Top End Energy Limited (ASX:TEE) completed the acquisition of NT Exploration Permits (EP) 144, 153 and 154 from Minerals Australia Pty Ltd and Jacaranda Minerals Ltd on July 12, 2024. New Risk • May 08
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 No financial data reported. Market cap is less than US$10m (AU$10.4m market cap, or US$6.86m). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (25% increase in shares outstanding). New Risk • Mar 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% This is considered a minor 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 No financial data reported. Market cap is less than US$10m (AU$12.2m market cap, or US$8.05m). Minor Risk Shareholders have been diluted in the past year (25% increase in shares outstanding). Announcement • Mar 06
Top End Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 2.08875 million. Top End Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 2.08875 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,443,750
Price\Range: AUD 0.12
Discount Per Security: AUD 0.0072
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 6,962,500
Price\Range: AUD 0.12
Discount Per Security: AUD 0.0072
Transaction Features: Subsequent Direct Listing Announcement • Feb 27
Top End Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 2.08875 million. Top End Energy Limited has filed a Follow-on Equity Offering in the amount of AUD 2.08875 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,443,750
Price\Range: AUD 0.12
Discount Per Security: AUD 0.0072
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 6,962,500
Price\Range: AUD 0.12
Discount Per Security: AUD 0.0072
Transaction Features: Subsequent Direct Listing Announcement • Feb 05
Top End Energy Limited Announces Resignation of Gregory Lee as Executive Director Top End Energy Limited announced that, with immediate effect, Mr. Gregory Lee has resigned as an Executive Director of the Company. The Board extends its sincere appreciation to Mr. Lee for his significant contribution and service to the Company over his term as a Director and wishes him every success in the future. New Risk • Nov 24
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 13% 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 No financial data reported. Market cap is less than US$10m (AU$9.40m market cap, or US$6.17m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Announcement • Oct 05
Top End Energy Limited, Annual General Meeting, Nov 23, 2023 Top End Energy Limited, Annual General Meeting, Nov 23, 2023, at 10:00 W. Australia Standard Time. Announcement • Feb 01
Top End Energy Limited Announces Executive Changes Top End Energy Limited announced the appointment of Ms Kelly Moore and Ms Michelle Kennedy as Joint Company Secretaries, effective 1 February 2023. Ms Moore is a qualified Chartered Accountant and Company Secretary with extensive experience in providing accounting and secretarial advice to public companies. Ms Moore holds a Bachelor of Commerce degree from the University of Western Australia, is a member of the Institute of Chartered Accountants, Australia and New Zealand, is a graduate of the Australian Institute of Company Directors and an associate member of the Governance Institute of Australia. Ms Kennedy is a qualified Chartered Accountant with experience in providing financial reporting and corporate advisory services to public companies. Ms Kennedy holds a Bachelor of Commerce degree from the University of Western Australia and is a member of the Institute of Chartered Accountants, Australia and New Zealand. The Company also announces the resignation of Mr. Shane Hartwig as Company Secretary, effective 1 February 2023. The Board thanks Mr. Hartwig for his contribution to the Company and wish him well for the future. Announcement • Nov 29
Top End Energy Limited Provides Update on Activities At the Coolibah Prospect on ATP 1069 Top End Energy Limited provided an update on its activities, including the independent assessment by Discover Geoscience of the Company's first Prospective Resources at the Coolibah Prospect on ATP 1069. Coolibah Prospect: The Coolibah conventional gas prospect was identified following the completion of the Company's prospectivity review of its 100% owned Authority to Prospect (ATP) 1069. The Coolibah prospect is a large structural feature (278km2) identified from geological and geophysical studies focussed on assessing the conventional gas potential of Devonian aged formations including the Buri Limestone. The Buri Limestone is of equivalent age to the producing formation of the nearby Gilmore Gas Field. The intention of the forward work program is to further increase the geological chance of success of the prospect ahead of a potential exploration well. While multiple plays exist across the permit, the Company focused its technical review and assessment on conventional natural gas potential in the under-explored Adavale Basin. Digitising vintage seismic data and undertaking Pre-Stack Time Migration processing of 220km of vintage seismic lines formed the basis for the review of the play fairways, dry hole analysis, stratigraphic interpretation, charge modelling and prospect identification. A proven working petroleum system exists in the Adavale Basin as evidenced by the Gilmore Gas Field which is situated approximately 50km west of ATP 1069. The prospectivity assessment carried out by the Company has resulted in the identification of three high graded areas of interest, with the Coolibah Prospect in the southwest portion of the block of particular interest. All high graded areas are focussed on the Adavale Basin portion of the Permit. 2D Seismic Acquisition: On the back of the work completed to date, the Company has refined the scope of the intended infill seismic acquisition of up to 120km of new 2D lines. The focus of the campaign will be the Coolibah Prospect and is intended to be undertaken in First Quarter 2023. The objectives of the infill seismic campaign will be to reduce subsurface geological risk by: assessing the likely distribution and quality of hydrocarbon reservoirs and confirmation of a structural closure with sealing capacity; and identifying possible drilling locations for an exploration well to be drilled later in 2023. The Company has provisioned seismic contractors to undertake the acquisition and continues to negotiate land access agreements with relevant owners for the revised campaign. Northern Territory: Exploration Permit 258: Earlier this month, the second on country meeting (OCM) with the native title holders of Exploration Permit (EP) 258 was held in Tennant Creek. The purpose of this meeting was for native title holders to decide whether to agree to the terms of the proposed exploration agreement ancillary to an agreement under section 31(1)(b) of the Native Title Act (the Exploration Agreement). Heading into the meeting, the Company had reached an agreed position with representatives of the Northern Land Council (NLC) on the in- principle terms of the Exploration Agreement subject to instruction from native title holders, and amended for feedback from the native title holders following the first OCM in September. All key decision makers from the native title holder group were in attendance at the November OCM and feedback from the NLC was positive. During the meeting, no further changes to the Exploration Agreement were proposed, and there were no further questions for the Company in relation to the intended exploration activities on the permit. A number of key decision makers who were unable to attend the first OCM have, however, requested more time to consider the agreement. The Company is working with the NLC to determine the most timely and efficient means of facilitating a decision, acknowledging the upcoming ceremonial business period in December. In the meantime, the Company continues to progress key approvals and access agreements to maintain the timetable for the intended 2023 work programs, including the planned acquisition of up to 150km of 2D seismic survey in H1 2023. The objective of the proposed seismic survey is to confirm the extension of the proven play system that hosts the significant discoveries which have been made in the Beetaloo Basin, including the conventional Bessie Sandstone and unconventional Velkerri Shale reservoirs, into the Company's application areas on the Southern McArthur Basin margin, and ultimately aid in the identification of drilling targets. Announcement • Oct 04
Top End Energy Limited, Annual General Meeting, Nov 29, 2022 Top End Energy Limited, Annual General Meeting, Nov 29, 2022, at 10:00 W. Australia Standard Time. Announcement • Sep 07
Top End Energy Limited Provides an Operational Update Top End Energy Limited provided an operational update. Updated prospectivity review of conventional gas plays over ATP 1069 underway. Target exploration agreement with native title holders of EP 258 at upcoming on country meetings. Study commissioned into natural hydrogen prospectivity across the company's existing portfolio. Dr. Mike Fischer presented the company's NT strategy alongside other onshore gas players at NT Resource week. The company has engaged Discover Geoscience (Discover) to assist in undertaking geological and geophysical (G&G) studies following the recent completion of the 2D seismic reprocessing exercise carried out by Howman Seismic Services. The reprocessed data, consisting of 220 line km of 2D seismic across the southern portion of the company's 100% owned ATP 1069 permit (Permit), will be integrated into updated hydrocarbon charge and migration modelling of the Adavale Basin. This will allow the company to assess more accurately the hydrocarbon migration pathways from regional source rock "kitchens" into the area covered by the Permit. The key objectives of the G&G studies are the following: mature the conventional gas prospectivity of the Adavale Basin in the southern portion of the Permit; optimise the location of the planned 2D seismic acquisition campaign; and identify potential drilling leads and reservoir targets. The Gilmore gas field, situated 50 km west of the Permit, has demonstrated commercial conventional gas production from the Lissoy Sandstone and Log Creek Formation of the Adavale Basin. Initial seismic interpretation suggests these formations may be present within the Permit, but no wells have been drilled to these depths on the Permit. The company's work program is targeted to better understand this potential conventional gas prospectivity and ultimately high-grade drillable prospects. The modelling and interpretation exercise is targeted to be completed in early fourth quarter of 2022. In parallel, the Company is preparing for the proposed acquisition of up to 120 line km of new 2D seismic and is currently engaging with both landowners and seismic contractors. The company has been negotiating with representatives of the Northern Land Council (NLC) the terms of a proposed exploration agreement ancillary to an agreement under section 31(1)(b) of the Native Title Act. This proposed agreement will be presented to the native title holders of EP 258 at the upcoming On Country Meetings (OCM). The execution of the ancillary agreement is the key pre-requisite for achieving formal grant of the permit. OCMs with the native title holders originally scheduled for August have been rescheduled to mid-September due to factors outside of the Company's control. Multiple contingency dates have also been allocated by the NLC to the Company for the coming months, and the company remains focused on achieving its stated work program timing, specifically: receiving formal grant of EP 258 before year end; and undertaking the proposed acquisition of up to 150 km of 2D seismic survey in first half 2023, conditional on receiving grant of EP 258 and satisfaction of necessary approvals and land access agreements. In parallel with the native title engagement, the Company has commenced preparation of the approvals, agreements and other submissions required ahead of undertaking on ground activities, including Aboriginal Areas Protection Authority certificate applications in accordance with the proposed native title ancillary agreement, Environmental Management Plan and land access agreements. The objective of the proposed seismic survey is to confirm the extension of the proven play system that hosts the significant discoveries which have been made in the Beetaloo Basin, including the conventional Bessie Sandstone and unconventional Velkerri Shale reservoirs, into the Company's application areas on the Southern McArthur Basin margin, and ultimately aid in the identification of drilling targets. Board Change • Jul 25
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Richard Lampe was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jul 22
Top End Energy Limited Appoints Mike Fischer as Non-Executive Director Top End Energy Limited announced that Dr. Mike Fischer has agreed to join the Board as a Non-Executive Director. Dr. Fischer has almost 40 years of international oil and gas upstream experience having held senior executive and director roles in both large and small cap energy companies. Dr. Fischer is a company director and board advisor with close to four decades of global oil and gas experience spanning Asia Pacific, Africa, and Europe. Dr. Fischer has held senior executive positions in BP, Woodside, OMV, Ophir Energy, Nido Petroleum Ltd. and Bangchak Corporation, encompassing extensive global experience in exploration and production (E&P) operations, business development and international portfolio management. Dr. Fischer was previously Chief Operating Officer (COO) at Ophir Energy Plc. Dr. Fischer is currently a Non-Executive Director of OKEA ASA. Dr. Fischer is also a Non-Executive Director of Transitus Energy, a London-based hydrogen-focussed start-up. Most recently, Dr. Fischer served as the Executive Vice President Natural Resources at Bangchak Corporation, and as Managing Director and Chief Executive Officer of Nido Petroleum Ltd, a wholly owned subsidiary of Bangchak. Dr. Fischer holds a PhD from the University of Wales and a B.Sc. (Hons) in Geological Sciences from the University of Leeds and is a fellow of the Geological Society of London. He also holds a GAICD from the Australian Institute of Company Directors. Subject to the completion of customary background checks, Dr. Fischer will be appointed as a non-executive director with immediate effect. Announcement • May 31
Top End Energy Provides Update on the Planned 2022/23 Work Program for the Prioritised Greater Mcarthur Basin Permit Applications in the Northern Territory Top End Energy provided an update on the Company's planned 2022/23 work program for the prioritised Greater McArthur Basin permit applications (the Permits) in the Northern Territory (NT). HIGHLIGHTS - Target near-term grant of prioritised Greater McArthur Basin permits proximate to the highly prospective and active Beetaloo Basin; Seismic acquisition campaign intended for H1 2023 to confirm the extension of the Velkerri Shale and presence of the conventional Bessie Sandstone formation; Prospective resource definition and identification of drilling prospects targeted for H2 2023 ahead of an initial exploration well in late 2023 /early 2024; The Company has been allotted On Country Meetings in Third Quarter 2022 to pursue agreements for grant and work program approvals with native title holders; and Support for the NT gas industry and Beetaloo reaffirmed by the NT government following appointment of new Chief Minister. DETAILS - The Company holds a 50% beneficial interest in 30 permit applications across the Northern Territory, covering ~160,000 km2. The Company has prioritised key permits based on initial technical assessments of the available data. Of these key permits, the Company is engaging with the Northern Land Council (NLC), native title holders and traditional owners to reach exploration agreements ahead of the formal grant and work program approvals for EP 258 and EP 259. EP 258 and EP 259 are located on the edge of the Greater McArthur Basin, south of discoveries within the Velkerri and Kyalla Shales and the conventional Moroak and BessieCreek Sandstone reservoirs. Although there are no seismic data on the permits, seismic lines ending north of the permits suggest that both the conventional Bessie Sandstone and unconventional Velkerri Shale may be present within the deeper basin sections of the permits. The Velkerri Shale is a shale gas target for operators such as Santos, Origin and Empire Energy across the Beetaloo sub-basin. The Company has been allotted placeholder dates for On Country Meetings (OCM) with the native title holders of EP 258 in Third Quarter 2022. It is intended by the Company that an exploration agreement ancillary to an agreement under section 31(1)(b) of the Native Title Act 1993 (Cth) be reached for the grant of the permit and approval of the proposed 2023 work program during these meetings. Subject to confirmation from the NLC, the Company also intends to reach similar agreements under the Aboriginal Land Rights (Northern Territory) Act with the traditional owners of EP 259. In parallel, the Company will begin negotiation of land access agreements and procurement of environmental and other approvals required to undertake the proposed 2023 work program. While EP 258 and EP 259 are the near-term focus in the NT, the Company also continues to pursue other prioritised permit applications, targeting the formal grant of additional applications in 2023. Proposed 2022 /23 Work Program - The Company intends to acquire up to ~150 km of seismic survey in H1 2023 (the Acquisition). The proposed scope of the campaign covers key target areas of both EP 258 and EP 259; The Company may also undertake a pre-grant scouting trip, subject to agreement with the NLC, native title holders and traditional owners; Top End is working with its external project management team, inGauge Energy, to prepare for the OCMs and commence work on procuring the necessary approvals for undertaking the Acquisition; and Subject to the outcome of the Acquisition and subsequent interpretation, the Company will identify potential prospects ahead of drilling an initial exploration well in late 2023 /early 2024. 