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MATRIX OIL NL(MXO)

SHARE PRICES

(updated at weekends)

Former (or subsequent) names

 FROMTO
EMERALD RESOURCES NL15/12/2014
EMERALD OIL & GAS NL15/06/200615/12/2014
MATRIX OIL NL11/02/200015/06/2006
MAPLE OIL NL11/02/2000

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Company details

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Date first listed: 22/07/1994
Company Secretary: 
Sector:  Industry Group: 
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News & Events

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OFX Transferring Money Internationally to Free

name changed to Emerald Oil & Gas NL

15/06/2006

company advises that all resolutions proposed at today's general meeting including the acquisition of Esmeralda Gas Limited, consolidation of capital (effectively about 1 share for every 150 previously held), change of name etc were approved - the company expects the shares to be reinstated to quotation in two weeks

31/05/2006

company advises that despatch of its prospectuses is completed today and the Shareholder Offer will close on 5 May 2006, not 3 May 2006 as previously advised

21/04/2006

company advises that its public offer opens today and closes on 18 May - its shareholder offer opens on 18 April and closes on 3 May

06/04/2006

company releases a prospectus for a new share offer

30/03/2006

management of the company has now been assumed by the new board - a prospectus for the issue of 416.7m shares (at $0.0012 per share) to raise $150,000 is to be lodged with ASIC in the near future

01/03/2006

deed of company arrangement is terminated and the deed administrators retire

23/01/2006

we understand that on or about this date the company consolidated its shares 1 for 1.96

17/12/2005

all resolutions considered at the meeting of shareholders today were passed

15/12/2005

capital reorganisation (by consolidating approx every 1.96 shares into 1 shares) becomes effective 6 December 2005

05/12/2005

provides notice of a general meeting of shareholders to be held at 10:30am on 15 December 2005 at 48 Ord St West Perth - this to consider a recapitalisation proposal

18/11/2005

the administrators inform us that "announcements regarding the above company should be released to the ASX shortly as will notices directly to shareholders"

25/10/2005

administrator advises there is nothing more to report (beyond his advice of 28 October 2004) at this point in time

24/01/2005

restructuring proposal is no longer proceeding according to the administrator and creditors are now considering a further proposal - administrator warns that if this does not proceed the company may go into liquidation

28/10/2004

shareholders meeting today, called for the purpose of considering the recapitalisation of the company among other things, has been adjourned to 27 October 2004

05/10/2004

general meeting called for 5 October 2004

25/08/2004

company has entered into a deed of company arrangement to recapitalise the company - shareholder and creditors will be notified within the next month or two

04/06/2004

deed administrators confirm that various sale agreements pertaining to the contract areas are moving forward and that they are reviewing the possibility of restructuring the company to relist on ASX

25/03/2004

deed administrators confirm they are still attending to a number of the matters discussed in the announcement of 18 December 2003 below

11/03/2004

administrators are working towards ensuring various sale agreements pertaining to the contract areas settle or close within 2 to 3 months - they will also be considering whether there is any benefit in restructuring the company as opposed to liquidating it

18/12/2003

administrators advise they will provide an update to shareholders either later this week or early in the New Year - at that time we will also carry the main points of the update here

17/12/2003

the conditions relating to the realisation of the contracts (item of 24 Jun 2003 below) are yet to be satisfied - administrators are unable to provide a time frame for completion

23/10/2003

seeking update

25/09/2003

deed administrators advise an offer has been received from one party in relation to two Contracts and it has been accepted - it involves certain conditions which are required to be satisfied on or before 31 August 2003

24/06/2003

deed administrators confirm legal proceedings against contractor are "on hold" - various parties have undertaken due diligence with regard to investing in the company or in acquiring the assets, but it is too early to say what will transpire from this - there is always the possibility of utilising the corporate shell - it is unlikely any of these matters will be resolved before 30 June 2003

23/04/2003

shareholders are unable to claim any capital loss as a liquidator has not been appointed, nor a liquidators declaration issued - creditors claims are substantial and it would come as no surprise if there was no return to shareholders - if the corporate shell is utilised, crystallising the loss for tax purposes is triggered after relisting and by subsequent sale

28/02/2003

administrators advise they are continuing their discussions and negotiations with interested parties regarding the possible injection of capital into the Company and/or the acquisition of all or part of the assets of the Company (and its subsidiaries)

22/11/2002

at second meeting of creditors a Deed of Company Arrangement accepted granting the company a moratorium on outstanding creditor claims

12/11/2002

administrators V Smith and B Hughes of Norgard Clohessy appointed by company's directors because of events detailed below and as current economic conditions make it very difficult to raise funding for offshore oil fields in SE Asia

16/10/2002

company's shares suspended from quotation

16/10/2002

company receives notice of purported termination of the FPSO contract from the Contractors and advice that all oil production would cease at midnight 15 October 2002 - the Contractors seek substantial termination charges under the FPSO contract

15/10/2002

commences legal proceedings in the UK against PT Bawana and Langsa FPL Pte Ltd the Contractors for the supply and management of the "Floating Production Storage and Offload" (FPSO) vessel on site at the Langsa TAC - proceedings are for breach of contract and relate to the alleged negligence of those Contractors when opening the Ll well, resulting in mechanical failure and the subsequent shut down of L1 well

14/10/2002

name changed from Maple Oil NL

11/02/2000

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