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15 April 2021
| Name: | PETSEC ENERGY LIMITED (PSA) | ||||||
| ISIN: | AU000000PSA3 | ||||||
| Date of Listing: | 01 December 1980 | ||||||
| Former Names: |
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Stock Exchange Status: (updated daily)
This entity is currently suspended from quotation on the Australian Securities Exchange and its securities cannot be traded on-market.Legal Status: (updated monthly)
ACN: 000 602 700ABN: 92 000 602 700
Registration Date: 07 December 1967
Capital Gains Tax (CGT) Status: (updated at least quarterly)
The securities in this entity, in our opinion, are of little or no value. We have made that assessment by reference to the circumstances leading to a suspension and/or delisting, the length of a suspension, share trading history and last on-market share price, most recent financial and cash flow statements, prospects (including likelihood of re-financing), and other factors including in particular whether the entity is in external administration. If you are seeking to crystallise a capital loss on your securities, that process can be easily and quickly initiated at our online Worthless Shares facility here: https://www.delisted.com.au/sell-worthless-and-other-securities/.
Updates, corrections, disagreements please email to admin@delisted.com.au
Further information: deListed and InvestoGain are operated by Investogain Pty Limited which is licensed by ASIC as an Australian Financial Services Licensee (AFSL 334036). deListed acquires only securities that it deems to be of little or no value, in circumstances where the holder is unable to sell their securities on-market in the normal manner. This service has been provided online via the company’s website www.delisted.com.au since 2004.
Getting advice: Information provided in this section is of a general nature and applicable only to Australian tax residents who hold their investments on capital account (ie for long-term investment purposes). It has been prepared without taking into account your financial needs or tax situation. Before acting on the information, deListed suggests that you consider whether it is appropriate for your circumstances and recommends that you seek independent legal, financial, or taxation advice.
Disclaimer: The information provided above is to the best of our knowledge accurate as of today. But you should bear in mind that it is of a general nature and does not constitute financial or tax advice. Investogain Pty Limited accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.
| FROM | TO | |
| PETSEC ENERGY LIMITED | 11/03/1997 | |
| PETROLEUM SECURITIES AUSTRALIA LIMITED | 11/03/1997 |
Boardroom Pty Ltd, Level 12, 225 George Street, Sydney NSW 2000
Tel : +61 2 9290 9600 or 1300 737 760Expand this box to read and print
The company lodges its Quarterly Activities Report. | 10/03/2021 |
The company releases a notice of Proposed issue of Securities - PSA. | 07/12/2020 |
The company will issue a total of 12 million options to its newly appointed directors, Messrs. Barry Dawes, Francis Douglas and Brent Emmett, subject to regulatory approvals and obtaining Shareholder approval at its next General Meeting, currently scheduled for May 2021. The proposed issue of options is in lieu of the payment of director fees to each of the Directors, who have graciously accepted that there will be no cash remuneration paid until such times as the company has substantial free cashflow and regains profitability. | 07/12/2020 |
The company lodges its Quarterly Activities Report. | 07/12/2020 |
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 |
The company lodges its Quarterly Activities Report. | 10/03/2021 |
The company releases a notice of Proposed issue of Securities - PSA. | 07/12/2020 |
The company will issue a total of 12 million options to its newly appointed directors, Messrs. Barry Dawes, Francis Douglas and Brent Emmett, subject to regulatory approvals and obtaining Shareholder approval at its next General Meeting, currently scheduled for May 2021. The proposed issue of options is in lieu of the payment of director fees to each of the Directors, who have graciously accepted that there will be no cash remuneration paid until such times as the company has substantial free cashflow and regains profitability. | 07/12/2020 |
The company lodges its Quarterly Activities Report. | 07/12/2020 |
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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| NAME | TITLE | DATE OF APPT |
|---|---|---|
| Ross Keogh | CFO | 03/02/2012 |
| Francis Douglas | Non Exec Director | 30/09/2020 |
| Mark Lober | Non Exec Director | 28/05/2013 |
| Peter Power | Non Exec Director | 21/07/1999 |
| Barry Dawes | Non Exec Director | 30/09/2020 |
| Brent Emmett | Technical Director | 13/11/2020 |
| Winton Willesee | Technical Director | 13/11/2020 |
Date of first appointment, title may have changed.
| NAME | TITLE | DATE OF APPOINTMENT | DATE OF RESIGNATION |
|---|---|---|---|
| Syed Bokhari | Managing Director | 17/04/2019 | 30/04/2020 |
| David Mortimer | Non Exec Director | 01/07/1985 | 30/04/2020 |
| Alan Baden | Non Exec Director | 28/05/2013 | 30/04/2020 |
| Terrence Fern | Chairman, CEO | 21/05/1987 | 17/04/2019 |
| Michael Harvey | Director | 04/10/2008 | 30/05/2013 |
| Fiona Robertson | CFO | 01/01/2002 | 03/02/2012 |
Date of first appointment, title may have changed.
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