Board Change • May 22
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Rosalind Archer was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • Mar 02
Horizon Oil Limited (ASX:HZN) proposed to acquire 19.99% stake in Cue Energy Resources Limited (ASX:CUE) from Echelon Resources Limited (ASX:ECH) for AUD 16.08 million. Horizon Oil Limited (ASX:HZN) proposed to acquire 19.99% stake in Cue Energy Resources Limited (ASX:CUE) from Echelon Resources Limited (ASX:ECH) for AUD 16.08 million on March 2, 2026. A cash consideration valued at AUD 0.115 per share will be paid by Horizon Oil Limited. Completion of the is subject to applicable approvals in the Northern Territory and, subject to receiving those approvals, will occur shortly after the end of the offer period for the takeover offer (provided the takeover offer has become unconditional). Horizon’s proposed off market takeover bid is subject to customary conditions, including regulatory approvals as set out in its announcement today. Echelon will update the market as the transaction progresses. The transaction was approved by Echelon’s board. Duyuru • Feb 26
Echelon Resources Limited Declares Interim Dividend for the Period of Six Months Ended December 31, 2025, Payable on 31 March 2026 Echelon Resources Limited declared an interim dividend of AUD 0.40 cents per ordinary share for the Period of Six Months Ended December 31, 2025. The dividend will be paid on 31 March 2026 with a record date of 12 March 2026. It will not be imputed or franked. Duyuru • Sep 23
Echelon Resources Limited, Annual General Meeting, Nov 18, 2025 Echelon Resources Limited, Annual General Meeting, Nov 18, 2025. Duyuru • Jun 06
Echelon Resources Limited (ASX:ECH) completed the acquisition of EP-145 in Australia from Mosman Oil and Gas Limited (AIM:MSMN) for AUD 0.40 million. Echelon Resources Limited (ASX:ECH) signed a letter of intent to acquire EP-145 in Australia from Mosman Oil and Gas Limited (AIM:MSMN) for AUD 0.40 million on January 14, 2025. Echelon Resources Limited (ASX:ECH) executed a sale and purchase agreement to acquire EP-145 in Australia from Mosman Oil and Gas Limited (AIM:MSMN) on February 3, 2025. A cash consideration will be paid by Echelon Resources Limited. As part of consideration, AUD 0.40 million is paid towards assets of EP-145 in Australia.
As of June 30, 2024, EP-145 in Australia reported as total common equity of AUD 1.50 million.
The transaction is subject to entering into a formal sales and purchase agreement and is also subject to approval by regulatory board / committee including the Foreign Investment Review Board. The completion of the transaction is expected in the second quarter of 2025.
Stuart Gledhill, Richard Hail and Adam Cowl of SP Angel Corporate Finance LLP acted as the financial advisor for Mosman Oil and Gas Limited.
Echelon Resources Limited (ASX:ECH) completed the acquisition of EP-145 in Australia from Mosman Oil and Gas Limited (AIM:MSMN) on June 6, 2025. Duyuru • Jan 16
Echelon Resources Limited (ASX:ECH) signed a letter of intent to acquire EP-145 in Australia from Mosman Oil and Gas Limited (AIM:MSMN) for AUD 0.40 million. Echelon Resources Limited (ASX:ECH) signed a letter of intent to acquire EP-145 in Australia from Mosman Oil and Gas Limited (AIM:MSMN) for AUD 0.40 million on January 14, 2025. A cash consideration will be paid by Echelon Resources Limited. As part of consideration, AUD 0.40 million is paid towards assets of EP-145 in Australia.
As of June 30, 2024, EP-145 in Australia reported as total common equity of AUD 1.50 million.
The transaction is subject to entering into a formal sales and purchase agreement and is also subject to approval by regulatory board / committee including the Foreign Investment Review Board.
Stuart Gledhill, Richard Hail and Adam Cowl of SP Angel Corporate Finance LLP acted as the financial advisor for Mosman Oil and Gas Limited. Duyuru • Sep 20
Echelon Resources Limited, Annual General Meeting, Nov 21, 2024 Echelon Resources Limited, Annual General Meeting, Nov 21, 2024. Duyuru • Apr 18
Triangle Energy Global Ltd and New Zealand Oil and Gas Ltd. Commence Drilling of the Booth-1 Well in the North Perth Basin New Zealand Oil & Gas Limited announced that its Joint Venture with Strike Energy Ltd. and New Zealand Oil and Gas Ltd. has contracted a rig to drill the Booth-1 well in the North Perth Basin. The Booth prospect, located in the east of L7, is planned to be the first well in the upcoming Joint Venture's drilling campaign, targeting gas at the Kingia-High Cliff reservoirs with potential for oil or gas in the overlying Dongara and Jurassic sandstones. The previously identified Becos oil prospect in EP 437 is intended to be the second well in the program, targeting the Bookara sandstone. Triangle expects to drill Becos in the September quarter 2024, subject to EP approval and final JV approval. Becos has a Prospective Resource range of 1 MMbbl (million barrels) to 21 MMbbl with a mid-case of 5 MMbbl oil (Gross 100%). The first two wells are expected to be drilled utilising separate rigs. The Booth prospect, with a total depth of 2,900m, requires a medium to large rig such as the Ventia 106 and the Becos prospect, with a prognosed depth of just over 1,000m, is more suited to a smaller, more mobile rig. This is an untested play underlying potential Jurassic to Permian oil-prone sandstone reservoirs in this area near Mount Horner Oil Field. Triangle Managing Director Conrad Todd said: "Booth will be the first well drilled in the two permits in the Perth Basin for 30 years. During this time, 3D seismic has been developed, which has played a pivotal role in some of the major discoveries in the Perth Basin in recent years. Triangle and JV partners have utilised new 3D seismic to locate and plan these wells and are excited to drill the first of many prospects within these permits. "This latest 3D data interpretation and geological analysis has led to numerous new oil and gas prospects being identified, further highlighting the immense potential in what is the most under-explored acreage in the lucrative Perth Basin". Authorised for Release by: The Board of Directors. These estimates have both an associated risk of discovery and a risk to development. Further exploration appraisal and evaluation is required to determine the existence of a significant quantity of potentially moveable hydrocarbons. The estimates of Prospective Resources included in the announcement have been prepared in accordance with the definitions and guidelines set out in the Petroleum Resources Management System ("PRMS") as revised in June 2018 by the Society of Petroleum Engeers. The PRMS defines prospective resources as those quantities of petroleum which are estimated, as of a given date, to be potentially recoverable from undiscovered accumulations. All Prospective Resources indicated within the updated L7, and EP 437 resources tables are calculated for a Gross 100% interest in the Permit and tabulated as Gross (100%) and Net (50%) interests. These prospects were mapped using the Bookara 3D seismic data which has been recently acquired and interpreted. TEG has applied a range of reservoir parameters based on regional well-owned and interpreted. Triangle has applied a range of reservoir metrics based on regional well-owned, and EP 437, which also hosts the Becos prospect, to be the first well in the North Perth Basin. Upcoming Dividend • Mar 19
Upcoming dividend of AU$0.03 per share Eligible shareholders must have bought the stock before 26 March 2024. Payment date: 10 April 2024. The company last paid an ordinary dividend in August 2013. The average dividend yield among industry peers is 7.3%. Duyuru • Feb 16
New Zealand Oil & Gas Limited (NZSE:NZO) and Horizon Oil Limited (ASX:HZN) agreed to acquire 50% stake in Mereenie licenses in the Amadeus Basin from Macquarie Mereenie Pty Limited. New Zealand Oil & Gas Limited (NZSE:NZO) and Horizon Oil Limited (ASX:HZN) agreed to acquire 50% stake in Mereenie licenses in the Amadeus Basin from Macquarie Mereenie Pty Limited on April 1, 2023. The consideration of AUD 85.2 million will be paid in cash and the contingent payments of AUD 17.98 will be paid over the next 24 months. The cash payment will be adjusted for working capital and cashflows from the effectivedate of the agreement, 1 April 2023. After completion of the transaction New Zealand Oil & Gas Limited (NZSE:NZO) will hold 50% stake and Horizon Oil Limited (ASX:HZN) will hold 25% stake in Mereenie licenses in the Amadeus Basin. The transaction is subject to certain conditions being met. Macquarie Bank will provide vendor financing for 100% of the purchase price. Duyuru • Oct 12
New Zealand Oil & Gas Limited, Annual General Meeting, Dec 12, 2023 New Zealand Oil & Gas Limited, Annual General Meeting, Dec 12, 2023, at 10:00 NZST - New Zealand Standard. Location: Front+Centre, Cnr Tory & Tennyson Sts, Wellington New Zealand New Risk • Sep 03
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. 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 Risk Shares are highly illiquid. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Profit margins are more than 30% lower than last year (9.2% net profit margin). Market cap is less than US$100m (AU$78.4m market cap, or US$50.6m). Reported Earnings • Aug 31
Full year 2023 earnings released Full year 2023 results: Revenue: NZ$98.8m (up 18% from FY 2022). Net income: NZ$10.8m (down 37% from FY 2022). Profit margin: 11% (down from 21% in FY 2022). The decrease in margin was driven by higher expenses. New Risk • Aug 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. 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 Risk Shares are highly illiquid. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Profit margins are more than 30% lower than last year (9.2% net profit margin). Market cap is less than US$100m (AU$80.5m market cap, or US$52.1m). Board Change • Aug 23
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Rosalind Archer was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jun 28
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Rosalind Archer was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • May 22
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Rosalind Archer was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 04
First half 2023 earnings released First half 2023 results: Revenue: NZ$46.1m (up 40% from 1H 2022). Net income: NZ$3.29m (down 71% from 1H 2022). Profit margin: 7.1% (down from 35% in 1H 2022). The decrease in margin was driven by higher expenses. Board Change • Dec 07
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Rosalind Archer was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Rosalind Archer was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 27
Full year 2022 earnings released Full year 2022 results: Revenue: NZ$83.8m (up 133% from FY 2021). Net income: NZ$17.2m (up NZ$53.6m from FY 2021). Profit margin: 21% (up from net loss in FY 2021). The move to profitability was primarily driven by higher revenue. Board Change • Aug 26
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. 2 independent directors (4 non-independent directors). Independent Director Rosalind Archer was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jul 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. 2 independent directors (4 non-independent directors). Independent Director Rosalind Archer was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jul 12
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. 2 independent directors (4 non-independent directors). Independent Director Rosalind Archer was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jun 28
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. 2 independent directors (4 non-independent directors). Independent Director Rosalind Archer was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. 2 independent directors (4 non-independent directors). Independent Director Rosalind Archer was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Mar 14
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. 2 independent directors (4 non-independent directors). Independent Director Rosalind Archer was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Dec 30
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. 2 independent directors (4 non-independent directors). Independent Director Rosalind Archer was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 30
Full year 2021 earnings released: NZ$0.22 loss per share (vs NZ$0.008 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: NZ$36.0m (down 3.4% from FY 2020). Net loss: NZ$36.4m (loss widened NZ$35.1m from FY 2020).