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PETSEC ENERGY LIMITED(PSA)

Former (or subsequent) names

Shareholder links

Our website ranking of PSA: rating 4
(4 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Boardroom Pty Ltd, Level 12, 225 George Street, Sydney NSW 2000

Tel : +61 2 9290 9600 or 1300 737 760
Fax : +61 2 9279 0664 or 1300 653 459
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000PSA3
Address: Level 7, 167 Macquarie Street, Sydney NSW 2000
Tel:  (02) 9247 4605 Fax: (02) 9251 2410

Date first listed: 01/12/1980
Company Secretary: Mr Paul Gahdmar
Sector: Energy Industry Group: XEJ
Activities: Exploration and production company with a focus on the shallow waters of Gulf of Mexico USA, and onshore Louisiana USA which together form one of the world's leading oil and gas provinces. The company also has lease interests in the shallow waters of the

News & Events

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OFX Transferring Money Internationally to Free

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 lodges its Quarterly Activities Report.

11/08/2020

The company has entered into a purchase and sale agreement for the sale of all of the company's U.S. oil and gas interests to a privately held U.S. exploration and production company based in Houston. The agreement comprises the sale of the company's interests in the Hummer, Mystic Bayou and Jeanerette Fields for a nominal amount plus assumption of plug and abandonment of obligations, and forms part of the company's strategic plan announced in April 2020 to windup and close its U.S. business. The transaction has an effective date of 1 July 2020 and is expected to close on or before 31 August 2020.

06/08/2020

The company has finalised the proposed issue of securities pursuant to the placement. On 19 May 2020, the company completed the minimum initial component of the placement raising $200,000 through the issue of 10,000,000 ordinary shares at the offer price of $0.02 per share, providing sufficient working capital till the end of this year. Shareholders were supportive of the minimum placement such that the remainder of the proposed placement which would have provided for up to a further $400,000 (20,000,000 ordinary shares) will not be undertaken at this time, but as, and when needed.

30/06/2020

The company has today issued 10,000,000 ordinary shares at an issue price of $0.02 per share raising $200,000 pursuant to the placement announced to the market on 30 April 2020 and as detailed in the Appendix 3B lodged with the ASX on that date.

19/05/2020

The company releases an Appendix 2A.

18/05/2020

The company lodges its Quarterly Activities Report.

30/04/2020

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

30/04/2020

The company will undertake a placement to sophisticated investors to raise up to $600,000 through the issue of 30,000,000 ordinary shares at an offer price of $0.02. The remainder of the proposed placement will provide for up to a further $400,000 (20,000,000 ordinary shares) to be settled and allotted by 30 June 2020.

30/04/2020

The securities of Petsec Energy Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of PSA, pending the release of an announcement regarding the outcome of negotiations with PSA's Convertible Noteholders.

03/04/2020

name changed from Petroleum Securities Australia Limited

11/03/1997

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    Directors' on-market share transactions (last 5)

     

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Ross KeoghCFO03/02/2012
    Peter PowerNon Exec Director21/07/1999
    Francis DouglasNon Exec Director30/09/2020
    Mark LoberNon Exec Director28/05/2013
    Barry DawesNon Exec Director30/09/2020

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Syed BokhariManaging Director17/04/201930/04/2020
    David MortimerNon Exec Director01/07/198530/04/2020
    Alan BadenNon Exec Director28/05/201330/04/2020
    Terrence FernChairman, CEO21/05/198717/04/2019
    Michael HarveyDirector04/10/200830/05/2013
    Fiona RobertsonCFO01/01/200203/02/2012

    Date of first appointment, title may have changed.