New Risk • Mar 12
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$4.9m 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$4.9m free cash flow). Shares are highly illiquid. Negative equity (-AU$8.9m). Earnings have declined by 13% per year over the past 5 years. Shareholders have been substantially diluted in the past year (122% increase in shares outstanding). Revenue is less than US$1m (AU$57k revenue, or US$40k). Minor Risk Market cap is less than US$100m (AU$22.1m market cap, or US$15.7m). Announcement • Dec 13
White Energy Company Limited has completed a Follow-on Equity Offering in the amount of AUD 3.285166 million. White Energy Company Limited has completed a Follow-on Equity Offering in the amount of AUD 3.285166 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 107,145,011
Price\Range: AUD 0.027
Discount Per Security: AUD 0.00081
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 14,527,807
Price\Range: AUD 0.027
Discount Per Security: AUD 0.00162
Transaction Features: Rights Offering Announcement • Nov 19
White Energy Company Limited has filed a Follow-on Equity Offering in the amount of AUD 3.505724 million. White Energy Company Limited has filed a Follow-on Equity Offering in the amount of AUD 3.505724 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 115,313,852
Price\Range: AUD 0.027
Discount Per Security: AUD 0.00081
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 14,527,778
Price\Range: AUD 0.027
Discount Per Security: AUD 0.00081
Transaction Features: Rights Offering New Risk • Sep 26
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$4.6m 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$4.6m free cash flow). Shares are highly illiquid. Negative equity (-AU$44m). Earnings have declined by 24% per year over the past 5 years. Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Revenue is less than US$1m (AU$174k revenue, or US$114k). Market cap is less than US$10m (AU$10.9m market cap, or US$7.13m). Announcement • Sep 19
White Energy Company Limited, Annual General Meeting, Nov 28, 2025 White Energy Company Limited, Annual General Meeting, Nov 28, 2025. Announcement • Feb 26
White Energy Company Limited has filed a Follow-on Equity Offering in the amount of AUD 4.51031 million. White Energy Company Limited has filed a Follow-on Equity Offering in the amount of AUD 4.51031 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 132,656,184
Price\Range: AUD 0.034
Transaction Features: Rights Offering Announcement • Nov 28
White Energy Company Limited Announces Retirement of Vincent O'Rourke as Director White Energy Company Limited has previously advised that Mr. Vincent O'Rourke was considering retiring after the conclusion of Annual General meeting held on 28 November 2024. Following further discussions with the company and the Chair, Mr. O'Rourke has agreed to continue as a director until the end of the financial year, during which time the Company will seek the appointment of a new director. Announcement • Sep 06
White Energy Company Limited, Annual General Meeting, Nov 28, 2024 White Energy Company Limited, Annual General Meeting, Nov 28, 2024. Announcement • May 31
White Energy Company Limited has completed a Follow-on Equity Offering in the amount of AUD 3.429958 million. White Energy Company Limited has completed a Follow-on Equity Offering in the amount of AUD 3.429958 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 85,748,941
Price\Range: AUD 0.04
Transaction Features: Rights Offering Announcement • May 03
White Energy Company Limited has filed a Follow-on Equity Offering in the amount of AUD 4.529413 million. White Energy Company Limited has filed a Follow-on Equity Offering in the amount of AUD 4.529413 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 113,235,335
Price\Range: AUD 0.04
Transaction Features: Rights Offering 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$4.5m 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 (-AU$4.5m free cash flow). Shares are highly illiquid. Negative equity (-AU$43m). Earnings have declined by 27% per year over the past 5 years. Shareholders have been substantially diluted in the past year (179% increase in shares outstanding). Revenue is less than US$1m (AU$122k revenue, or US$80k). Market cap is less than US$10m (AU$3.96m market cap, or US$2.60m). Announcement • Nov 17
White Energy Company Limited has filed a Follow-on Equity Offering in the amount of AUD 4.446402 million. White Energy Company Limited has filed a Follow-on Equity Offering in the amount of AUD 4.446402 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 68,406,182
Price\Range: AUD 0.065
Transaction Features: Rights Offering Announcement • Oct 20
White Energy Company Limited Announces Chief Executive Officer Changes White Energy Company Limited announced the appointment of Mr. Greg Sheahan to the position of Chief Executive Officer (CEO). Mr. Flannery will remain as non-executive Chairman but will step down from his current role of Executive Chairman and CEO. Mr. Sheahan has a broad experience as both a geologist and a barrister having graduate degrees in Science (Geology), Economics and a Masters degree in Law from the University of Queensland. Greg will commence in the role on 30 October 2023. New Risk • Sep 29
New major risk - Revenue and earnings growth Earnings have declined by 31% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. 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$3.9m free cash flow). Shares are highly illiquid. Negative equity (-AU$44m). Earnings have declined by 31% per year over the past 5 years. Shareholders have been substantially diluted in the past year (69% increase in shares outstanding). Revenue is less than US$1m (AU$149k revenue, or US$96k). Market cap is less than US$10m (AU$4.86m market cap, or US$3.12m). Announcement • Sep 05
White Energy Company Limited, Annual General Meeting, Nov 24, 2023 White Energy Company Limited, Annual General Meeting, Nov 24, 2023. Announcement • May 06
White Energy Company Limited Appoints Michael Chapman as an Independent Non-Executive Director, Effective from 1 June 2023 White Energy Company Limited announced that Mr. Michael Chapman has been appointed to the Board as an independent non-executive director, effective from 1 June 2023. Michael Chapman was the former Chief Operating Officer of White Energy from July 2010 to August 2019. He is a mining engineer with over 55 years' experience in the exploration, development, engineering, construction and management of open-cut and underground mining projects in Australia and overseas. He holds a Diploma of Mining Engineering, Western Australia, a NSW Open Cut Coal Mine Manager's Certificate and a Qld Metalliferous Mine Manager's Certificate. He was formerly Chief Operating Officer at Felix Resources Limited and prior to that he held senior mining positions for a number of operations across Australia and Indonesia and in commodities spanning coal, iron ore, copper and nickel. He is a non- executive director of Diatreme Resources Limited (ASX code: DRX), and has no interests in White Energy securities. Michael will join the Audit and Risk Committee and the Nomination and Remuneration Committee, chaired by Mr. Vincent O'Rourke. Reported Earnings • Mar 17
First half 2023 earnings released: AU$0.071 loss per share (vs AU$0.09 loss in 1H 2022) First half 2023 results: AU$0.071 loss per share. Net loss: AU$2.65m (loss widened 14% from 1H 2022). Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Vince O'Rourke was the last director to join the board, commencing their role in 2010. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 30
White Energy Company Limited Auditor Raises 'Going Concern' Doubt White Energy Company Limited filed its Annual on Sep 28, 2022 for the period ending Jun 30, 2022. In this report its auditor, Pannell Kerr Forster - PKF, gave an unqualified opinion expressing doubt that the company can continue as a going concern. Reported Earnings • Sep 29
Full year 2022 earnings released: AU$0.007 loss per share (vs AU$0.57 loss in FY 2021) Full year 2022 results: AU$0.007 loss per share (improved from AU$0.57 loss in FY 2021). Net loss: AU$5.80m (loss narrowed 61% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 50% per year, which means it has not declined as severely as earnings. Announcement • Sep 12
White Energy Company Limited, Annual General Meeting, Nov 25, 2022 White Energy Company Limited, Annual General Meeting, Nov 25, 2022. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Vince O'Rourke was the last director to join the board, commencing their role in 2010. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 10
White Energy Company Limited Announces Board and Committee Changes White Energy Company Limited announced the appointment of Graham Cubbin as the company's new Chair of the Board, effective immediately. Cubbin is a current Non-Executive Director of the company. Travers Duncan will step down as Chair after serving in this capacity since September 2010, remaining on the Board as a Non-Executive Director. As a result of this change, Vincent O'Rourke has been appointed as Chair of the Audit and Risk Committee, with Cubbin remaining as a member of the Audit and Risk Committee. There are no changes to the Remuneration Committee. Announcement • Sep 30
White Energy Company Limited Auditor Raises 'Going Concern' Doubt White Energy Company Limited filed its Annual on Sep 28, 2020 for the period ending Jun 30, 2020. In this report its auditor, PricewaterhouseCoopers LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern. Announcement • Sep 24
White Energy Company Limited has completed a Follow-on Equity Offering in the amount of AUD 11.759571 million. White Energy Company Limited has completed a Follow-on Equity Offering in the amount of AUD 11.759571 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 167,993,878
Price\Range: AUD 0.07
Transaction Features: Rights Offering 