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BLACK STAR PETROLEUM LIMITED (BSP)

Suspended from ASX

SHARE PRICES

Former (or subsequent) names

Shareholder links

Our website ranking of BSP: rating 5
(5 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Automic Registry Services Level 5 126 Phillip Street Sydney NSW 2000

Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
Fax :
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000BSP1
Address: Suite 12 177 Rokeby Road Subiaco WA 6008
Tel:  +61 (08) 6558 1859 Fax: +61 (08) 9380 8300

Date first listed: 05/07/2011
Company Secretary: Jonathan Hart
Sector: Energy Industry Group: XEJ
Activities: Exploration for gold and base metals

Shareholders in this company should consider crystallising a capital loss in 2020/21 by selling their worthless shares, which they can achieve online by entering transaction details here. While this usually makes good economic sense, we recommend you seek professional advice before buying or selling securities, your accountant is probably the best person.

13/08/2020

The company has completed a placement to institutional and sophisticated investors of 42,500,000 shares at $0.000588235 per share to raise $25,000.00. Funds raised under the placement will be utilised for working capital purposes. These securities are subject to a holding lock due to the company's securities having been suspended for more than 5 trading days in the last 12 months.

04/08/2020

15,000,000 unlisted options having an expiry date of 3 August 2020 with an exercise price of $0.003 each.

03/08/2020

The company lodges its June 2020 Quarterly Report & Appendix 5B.

03/08/2020

The company lodges its March 2020 Quarterly Report & Appendix 5B.

30/04/2020

Through a Farmout Agreement entered into between WESI and Discovery Energy Corp. and its local Australian entity, Discovery Energy SA Pty Ltd, WESI is to acquire a 50% direct interest and be appointed contract operator of PEL 512 South Block (comprised of South & Lycium Blocks) in South Australia's Cooper Basin, for A$2.5m. WESI had planned to raise seed capital of A$3.5m to fund the initial acquisition. There were a number of material conditions precedent which needed to be completed on or before 31 March 2020 in order for this transaction to complete, including WESI raising the seed capital of A$3.5m and the Company being reinstated to trading by the ASX. Due to the current market conditions, the Company has elected not to seek an extension to the End Date and has served a notice to WESI to terminate the Agreement as at the end of 31 March 2020.

01/04/2020

The company lodges its December 2019 Quarterly Report & Appendix 5B.

31/01/2020

The company releases its AGM Results.

27/11/2019

The company has executed a share sale and purchase agreement to acquire all the shares in WESI PEL512. Through a Farmout Agreement entered into between WESI and Discovery Energy Corp. and their local Australian entity, Discovery Energy SA Pty Ltd, WESI will acquire a 50% direct interest and be appointed contract operator of PEL 512 South Block in South Australia's Cooper Basin, for A$2.5m payable within 45 days from the date of the Farmout Agreement, being 18 October 2019. WESI plans to raise seed capital of A$3.5m to fund the initial acquisition. As part of the transaction, the company proposes to raise a minimum of A$35m, with a maximum of $37 million by issuing 87,500,000 to 92,500,000 ordinary shares at $0.40 per share via a full form prospectus. The transaction requires shareholder approval and therefore may not proceed if that approval is not forthcoming.

01/11/2019

The company lodges its September 2019 Quarterly Report & Appendix 5B.

31/10/2019

The company's AGM will be held at 2:00pm WST on 26 November 2019 at HLB Mann Judd Level 4 130 Stirling Street Perth, Western Australia.

21/10/2019

The company lodges its 2019 Annual Report.

01/10/2019

The company releases its Appendix 4G Corporate Governance Disclosure.

01/10/2019

The company lodges its June 2019 Quarterly Report & Appendix 5B.

29/07/2019

The company lodges its March 2019 Quarterly Report & Appendix 5B.

30/04/2019

The board is currently reviewing an opportunity to acquire direct and indirect interest in severl onshore oil & gas projects in South East Asia and Australia. The Company will initially seek an in-principle approval from the ASX regarding suitability of these projects as listing assets.

01/04/2019

The company has entered into a loan agreement with Ms. Peichen Wu whereby she will lend the company up to A$60,000 on the following key terms: Tranche 1 of A$50,000, which the Company has received; Tranche 2 of A$10,000 by 31 March 2019; Annual interest rate of 7% per annum, with interest accumulated until the loan is repaid, with the interest rate increasing to 9% per annum if the loan is not repaid at on or before the end of the initial term; and Initial term of 24 months ending 15 March 2021, subject to the ability of the Company to repay at that date.

22/03/2019

The company lodges its Half Year Financial Report 31 December 2018.

15/03/2019

The company lodges its December 2018 Quarterly Report & Appendix 5B.

30/01/2019

The company releases its AGM results.

23/11/2018

The company lodges its September 2018 Quarterly Report & Appendix 5B.

31/10/2018

The company releases the proxy form for its AGM.

24/10/2018

The company releases a notice of AGM and explanatory statement. The meeting will be held at 3:00 pm WST on Friday, 23 November 2018 at Quest West Perth Level 1 54 Kings Park Road West Perth, Western Australia.

24/10/2018

The board is actively reviewing suitable projects for acquisition or investment. Given the context of high energy prices and instability in global supplies due to war and sanctions, the Company's preference is to remain in the energy and resources sector. Black Star is currently reviewing an oil & gas project located in the United States. As at the date of this announcement it has not reached a stage which requires disclosure.

12/10/2018

The company releases an Appendix 4G Corporate Governance Disclosure.

28/09/2018

The company lodges its 2018 Annual Report.

28/09/2018

The securities of Black Star Petroleum Limited will be suspended from quotation at the close of trading today, Thursday 20 September 2018, in accordance with Listing Rule 17.3, as ASX has determined that BSP's operations are not adequate to warrant the continued quotation of its securities and therefore it is in breach of Listing Rule 12.1. The suspension will continue until BSP is able to demonstrate compliance with Listing Rule 12.1 of the Listing Rules.

20/09/2018

The suspension of trading in Black Star Petroleum Limited ASX codes BSP, BSPO will be lifted immediately following the release of an announcement concerning the withdrawal of the fully underwritten renounceable issue announced on 10 June 2014. Please note that BSPN and BSPOA remain suspended.

03/07/2014

The securities of Black Star Petroleum Limited (the "Company") will be suspended from quotation immediately at the request of the Company, pending the release of an announcement. Security Code: BSP BSPN BSPO BSPOA

01/07/2014

The suspension of trading in the securities of Black Star Petroleum Limited (the "Company") will be lifted immediately, following receipt of an announcement by the Company. Security Code: BSP BSPO

11/06/2014

The securities of Black Star Petroleum Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending release of an announcement. Security Code: BSP BSPO

06/06/2014

The suspension of trading in the securities of Black Star Petroleum Limited (the "Company") will be lifted immediately, following receipt of an announcement by the Company.

10/03/2014

Black Star Petroleum Limited wishes to advise that its securities remain suspended at the request of the Company pending the release of an announcement regarding a financing arrangement. The Company continues to expedite the conclusion of these discussions and will continue to provide updates to the market as they progress

25/02/2014

Black Star Petroleum Limited wishes to advise that its securities remain suspended at the request of the Company pending the release of an announcement regarding a significant financing arrangement. The Company advises that negotiations to facilitate an acceptable financing structure are ongoing. The Company has been presented with different structures on financing, that warrant further due diligence. These negotiations are critical to allow the Company to finance the next phase of its exploration programme at the Nebraska Oil Project

16/12/2013

the Resolutions contained in the Notice of Annual General Meeting were approved at the meeting of shareholders on a show of hands

26/11/2013

releases Annual Report 2013

23/09/2013

releases Annual Report to shareholders

20/09/2013

The securities of Blackstar Petroleum Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement regarding a significant financing arrangement. Security Code: BSP BSPO

02/07/2013

Black Star Petroleum Limited (the "Company") will be reinstated to official quotation as from the commencement of trading on Thursday, 28 February 2013, following the Company" compliance with listing rule 11.1.3 and chapters 1 and 2 of the ASX listing rules. 51,885,000 ordinary shares fully paid 42,013,326 options exercisable at $0.20 each on or before 31 December 2017 Security Code BSP BSPO

26/02/2013

completes entitlement offer

22/01/2013

name changed from Sunseeker Minerals Limited

13/12/2012

ASX Announcements (courtesy of ASX)

 

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    Directors' on-market share transactions (last 5)

    rss feeds

    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    02/09/2014Matthew Wood60,000$0.005$300
    02/09/2014Brian McMaster60,000$0.005$300
    23/05/2013Jason Peterson60,000$0.150$9,000
    23/05/2013Matthew Wood120,000$0.165$19,800
    22/05/2013Matthew Wood100,000$0.165$16,500

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Matthew WoodExecutive Chairman28/02/2013
    Nicholas OngNon Exec Chairman31/07/2018
    Greg WoodCEO01/10/2011
    Mark ReillyNon Exec Director03/07/2014
    Yi-Chin ChenNon Exec Director22/02/2019
    Brian McMasterNon Exec Director09/08/2012
    Chin TanNon Exec Director03/06/2017
    Peichen WuNon Exec Director21/03/2019
    Donald JonesNon Exec Director23/08/2017

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Chia-Tai ChiangNon Exec Director22/02/201910/06/2019
    Po-Tao WeiExecutive Director14/08/201822/02/2019
    Prabir MittraNon Exec Director14/09/201714/08/2018
    Chia En LauDirector11/05/201614/09/2017
    David Chee Cheong LowNon Exec Director11/05/201623/08/2017
    James SambrookDirector11/05/201603/06/2017
    Anthony PolglaseNon Exec Director28/02/201303/07/2014
    Jason PetersonNon Exec Director28/02/201324/10/2013
    Timothy FlavelExecutive Director, Company Secretary09/08/201224/10/2013
    Oren ZoharNon Exec Director09/08/201228/02/2013
    Jack JamesNon Exec Director09/08/201228/02/2013
    Paul LloydExecutive Chairman, Managing Director15/11/201009/08/2012
    Lyle ThorneNon Exec Director15/11/201009/08/2012
    Nicholas RevellNon Exec Director15/11/201009/08/2012

    Date of first appointment, title may have changed.