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EON NRG LIMITED(E2E)

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ASX, Legal & CGT Status

Former (or subsequent) names

Shareholder links

Our website ranking of E2E: rating 5
(5 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Link Market Services, Level 12 QV1 Building 250 St Georges Terrace Perth WA 6000

Tel : +61 8 9211 6670 or 1300 554 474
Fax : +61 2 9287 0303
RegistryWebsite RegistryEmail

Company details

ISIN: AU0000001158
Address: Suite 2, 38 Colin Street West Perth WA 6005
Tel:  +61 8 6245 9821 Fax: +61 (0)8 6155 0593

Date first listed: 21/01/2011
Company Secretary: Simon Adams
Sector: Energy Industry Group: XEJ
Activities: Oil and Gas and minerals exploration focused in Wyoming and California, USA. Exploration for battery minerals in onshore USA

News & Events

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Shareholders in this company should consider crystallising a capital loss in 2021/22 by selling their worthless shares. From 1 October 2021 we have made this process much easier and quicker. It can now be achieved 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.

01/10/2021

The company has failed to pay to ASX Limited the annual listing fees for the year ending 30 June 2022, and the entity's securities are already suspended from quotation.

23/08/2021

The company lodges its Quarterly Activities/Appendix 4C Cash Flow Report.

04/08/2021

The company lodges the following: Quarterly Activities Report and Quarterly Cashflow Report.

04/05/2021

The Board is reviewing the company's options to determine the best pathway to a timely requotation of the company's shares that is in the best interests of shareholders. The company is not in a position to lodge its full year accounts for the year ending 31 December 2020 by the due date of 31 March 2021. Finalisation of the audit of the Company's financial statements including confirmation of its operation as a going concern will be completed as soon as possible in conjunction with the consideration by the Board of future busines activities and the raising of additional capital.

06/04/2021

The company releases a letter to holders of Eon notifying them of Eon listed options exercisable at 1.50 cents per options on or before 22 February 2021.

17/02/2021

The company lodges its Quarterly Activities Report.

01/02/2021

The company lodges its Quarterly Cashflow Report.

01/02/2021

The company releases a notice of Proposed issue of Securities - E2E.

25/01/2021

Completion under the ANB workout agreement has occurred. The company isnow debt free and it no longer has any future asset rehabilitation obligations on its balance sheet. Eon has retained its Cobalt mineral lode claims in Nevada and has the right to exploration activities on its previously acquired Powder River Basin oil and gas leases. Eon has secured support for additional funding through the issue of three convertible notes for a total of A$200,000 to sophisticated and professional investors. The funds raised were used to satisfy its obligations to pay various employee and creditors under the ANB workout agreement.

25/01/2021

The company lodges its Half Year Accounts Jun 2020.

24/12/2020

The company lodges its Quarterly Cashflow Report.

02/11/2020

The company lodges its Quarterly Activities Report.

02/11/2020

Agreements have now been finalised with ANB and a privately owned E&P consortium to divest of assets that were pledged as security for the loan in consideration for the release of Eon and its subsidiaries from all of its US bank debt obligations. Eon will retain two main undertakings that will enable it to continue to operate as a going concern: PRB exploration project and Nevada mineral lode claims.

02/10/2020

The company releases the Results of its AGM.

31/07/2020

The company releases the Chairman's Address to Shareholders.

31/07/2020

The company lodges its Quarterly Cashflow Report.

30/07/2020

The company lodges its Quarterly Activities Report.

30/07/2020

The company seeks sufficient time to finalise negotiations with ANB Bank in relation to the current loan default situation. It is uncertain what the duration of the suspension will be but it is likely that further information will be provided within two weeks.

28/07/2020

The company requests an extension of the suspension of its securities to enable the company to finalise negotiations with ANB Bank in relation to the current loan default situation.

14/07/2020

The company releases its notice of meeting and proxy form for the company's AGM scheduled for 9.00am (Perth time) on 31 July 2020.

03/07/2020

The company seeks sufficient time to finalise negotiations with ANB Bank in relation to the current loan default situation. The company is therefore seeking the extension of the voluntary suspension of its securities.

30/06/2020

The extension of the suspension of the company's securities is requested to enable the company to finalise negotiations with ANB Bank in relation to the current loan default situation. Further information will likely be provided to the market within two weeks.

16/06/2020

Discussions with ANB Bank in relation to the loan default is ongoing. An extension of the suspension is requested to enable the company to negotiate an outcome that is in the best interest of all of its stakeholders.

02/06/2020

The securities of Eon NRG Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of E2E, pending the release of an announcement.

19/05/2020

The securities of Eon NRG Limited will be reinstated to Official Quotation immediately, following lodgement of its Annual Report for the year ended 31 December 2019.

14/04/2020

The company lodges its Annual Report 2019.

09/04/2020

Eon is of the view that the current spot prices for oil do not represent long term prices expected to be realised in "˜normal' market conditions. However, the unprecedented nature and scale of the Covid19 pandemic combined with oil markets being dramatically oversupplied, makes a near-term recovery in global economic conditions unlikely. The impact of this downturn has created some difficulties in relation to finalization of the 2019 annual accounts and as a result, the Board and auditors were not able to finalise these in time for filing before the lodgment deadline of March 31. The uncertainty of the current market, in particular the significant 60%+ drop in oil price since December, has resulted in impairment triggers that were not relevant as at the reporting balance date. The Board and management are working closely and cooperatively with the auditor to ensure that the year-end results and the subsequent events are reported accurately and in line with relevant accounting standards. It is anticipated that the 2019 financial statements will be in a position to file within no more than 14 days. It is likely that there will be a material impairment of assets which could be in the order of $8 million for the period.

01/04/2020

The company's securities will be suspended from Official Quotation in accordance with Listing Rule 17.5 from the commencement of trading today, 16 March 2020, following its failure to lodge the relevant periodic report by the due date.

01/04/2020

name changed from Incremental Oil and Gas Limited

16/02/2018
OFX Transferring Money Internationally to Free

 

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ASX, Legal & CGT Status

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    22/11/2018Mark Stowell-8,247,992$0.030$244,965
    17/09/2018Mark Stowell500,000$0.006$3,000
    12/09/2018Mark Stowell205,500$0.006$1,233
    05/09/2018Mark Stowell78,020$0.006$468
    19/06/2017Mark Stowell22,236$0.025$556

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Matt McCannChairman04/04/2014
    John HannafordNon Exec Director30/03/2021
    Gerard McGannNon Exec Director07/07/2009
    Simon AdamsExecutive Director, CFO21/05/2012

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    John WhislerManaging Director, CEO01/07/201430/03/2021
    Mark StowellChairman07/07/200923/05/2019
    Chris CroninChairman07/07/200920/05/2014
    Sandy MacDonaldNon Exec Director07/07/200931/03/2014

    Date of first appointment, title may have changed.