Past year: ▲ 0%(0.21c – 0.21c USD)
Each one in plain English, with the numbers worked through for a shareholder.
13 Aug 2012listing compliance notice▼ BadMajor
The end, stated plainly: the directors declared the company no longer had sufficient assets to meet any obligation arising after 30 June 2012, that it had ceased operations, and that they would file to terminate its SEC registration - which they did the same day. Not a bankruptcy and not a takeover; a company that simply ran out of money and said so.
13 Aug 2012listing compliance notice▼ BadMajor
AUSTRALIAN OIL & GAS CORP deregistered its securities, ending its obligation to file reports with the SEC.
11 May 2012quarterly activities report▼ Bad
AUSTRALIAN OIL & GAS CORP reported a quarterly net loss of $79 thousand for the period ended 2012-03-31.
14 Nov 2011quarterly activities report▼ Bad
AUSTRALIAN OIL & GAS CORP reported a quarterly net loss of $116 thousand for the period ended 2011-09-30.
12 Aug 2011quarterly activities report▼ Bad
AUSTRALIAN OIL & GAS CORP reported a quarterly net loss of $71 thousand for the period ended 2011-06-30.
5 July 2011asset acquisition disposition▼ BadMajor
Halved the Cornea stake again, from 17% to 8.5%, to raise A$1.59 million - and the buyer was Coldron, a private company of AOGC's own president Geoff Albers, with part of the money repaying another Albers company that had been funding AOGC. A year after the wells were drilled, A$769,193 was still owed to the joint venture operator. The company is now selling assets to its own controller to pay last year's bills.
13 May 2011quarterly activities report▼ Bad
AUSTRALIAN OIL & GAS CORP reported a quarterly net loss of $102 thousand for the period ended 2011-03-31.
12 Nov 2010quarterly activities report▼ Bad
AUSTRALIAN OIL & GAS CORP reported a quarterly net loss of $280 thousand for the period ended 2010-09-30.
11 Aug 2010quarterly activities report▼ Bad
AUSTRALIAN OIL & GAS CORP reported a quarterly net loss of $173 thousand for the period ended 2010-06-30.
18 Feb 2010asset acquisition disposition● NeutralMajor
The PTTEP sale settled and $4,244,679 came in - and went straight out again, covering most of AOGC's share of the Braveheart-1 and Cornea-3 drilling bills. Selling the one asset a major wanted is what paid for the two wells, and nothing was left over.
15 Dec 2009drilling progress report▲ GoodMajor
Cornea-3 was spudded on 11 December 2009 in Browse Basin permit WA-342-P using the Songa Venus rig, with AOGC holding 17%. The first of the two Browse wells the 2008 Gascorp farmout was designed to make possible.
26 Oct 2009asset acquisition disposition▲ GoodMajor
Agreed to sell its remaining 7.5% of the Oliver permit to Thailand's PTTEP, which was already buying out operator Stuart Petroleum's 50%. With the appraisal well costed at $30-40 million, AOGC took the cash rather than face cash calls it had no way of funding - and gave up the one discovery a major wanted.
28 Oct 2008asset acquisition disposition▲ GoodMajor
The same trick in the Browse Basin: Gascorp earns 15% of permits WA-332-P, WA-333-P and WA-342-P by paying $1.12 million for 490 kilometres of new seismic and a drill site survey, cutting AOGC's interest from 20% to 17% and setting up a Braveheart-1 well for late 2009. Every stake the company holds is being diluted to get wells drilled with someone else's money.
19 Sept 2008asset acquisition disposition▲ GoodMajor
Split its three Timor Sea permits into separate joint ventures and farmed out the best one: Stuart Petroleum takes 50% and operatorship of AC/P33, home to the Oliver oil and gas accumulation, halving AOGC's stake to 7.5% in exchange for paying the whole cost of an appraisal well, the engineering work to a development decision, and the first $25 million of development spending. A cashless way for a company with no revenue to get its best prospect drilled.
6 Feb 2008financial restatement▼ BadMajor
The SEC objected to how the April 2006 purchases of Alpha and Nations had been booked - because both had been under common control with AOGC, the accounting had to be redone - so the 2006 annual accounts and the first two quarters of 2007 could no longer be relied on. The related-party structure of the founding acquisition catching up with the company two years later.
14 Nov 2007late filing notice▼ Bad
AUSTRALIAN OIL & GAS CORP notified the SEC that its quarterly report would be filed late.
15 Aug 2007late filing notice▼ Bad
AUSTRALIAN OIL & GAS CORP notified the SEC that its quarterly report would be filed late.
15 Nov 2006late filing notice▼ Bad
AUSTRALIAN OIL & GAS CORP notified the SEC that its quarterly report would be filed late.
14 Aug 2006late filing notice▼ Bad
AUSTRALIAN OIL & GAS CORP notified the SEC that its quarterly report would be filed late.
16 May 2006late filing notice▼ Bad
AUSTRALIAN OIL & GAS CORP notified the SEC that its quarterly report would be filed late.
18 Apr 2006asset acquisition disposition● NeutralMajor
Acquired its entire asset base in a single day: two Australian private companies, Nations Natural Gas and Alpha Oil & Natural Gas, bringing a 30% share of four Timor Sea permits (NT/P62 to NT/P65) and a 20% share of three Browse Basin permits, paid for with 4.1 million shares and A$150,000. Both were sold by entities in which AOGC's own director Geoff Albers was a director and shareholder - this is a US-listed wrapper around Albers's private Australian exploration interests.
15 Nov 2004late filing notice▼ Bad
AUSTRALIAN OIL & GAS CORP notified the SEC that its quarterly report would be filed late.
16 Mar 2004director interest notice● Neutral
W Ray Hill became a AUSTRALIAN OIL & GAS CORP vice President and company insider (initial ownership filing).
26 Feb 2004director interest notice● Neutral
David Bruce Hill became a AUSTRALIAN OIL & GAS CORP Vice President and company insider (initial ownership filing).
26 Feb 2004director interest notice● Neutral
Ernest Geoffrey Albers became a AUSTRALIAN OIL & GAS CORP President and company insider (initial ownership filing).
2 July 2003substantial holder notice● Neutral
Centennial Energy Partners, L.P, Tercentennial Energy Partners, L.P, Quadrennial Partners, L.P, Centennial Energy Partners, L.L.C, Peter K. Seldin disclosed a new substantial AUSTRALIAN OIL & GAS CORP shareholding (3.53% of votes).
27 June 2003director interest notice● Neutral
Peter K Seldin became a AUSTRALIAN OIL & GAS CORP 10%+ owner and company insider (initial ownership filing).
27 June 2003director interest notice● Neutral
Centennial Energy Partners LLC became a AUSTRALIAN OIL & GAS CORP 10%+ owner and company insider (initial ownership filing).
15 May 2003late filing notice▼ Bad
AUSTRALIAN OIL & GAS CORP notified the SEC that its quarterly report would be filed late.
17 Apr 2003auditor change▼ BadMajor
KPMG resigned with immediate effect because the company no longer had any Canadian operations left, and the replacement auditor was engaged not by the board but by Geoffrey Albers - an outsider buying control through a plan of reorganization then before the US bankruptcy court. The company is in bankruptcy, and this is the first appearance of the man who takes it over and turns it into Australian Oil & Gas.
