Past year: ▲ 0%(3.60c – 3.60c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
29 Apr 2016quarterly activities report● Neutral
March 2016 quarter: field work on hold, costs at an absolute minimum. Regulator has now approved reduced spending for five of seven tenements; only EPC 1399 and 1400 remain. EPC 1398 renewal lodged to June 2019. Shares 0.5c, market cap $1.782m.
16 Mar 2016half year report▼ Bad
Half-year to 31 December 2015 shows a net loss of $49,273,225, against $1,044,678 a year earlier. The text shown gives no cause for the jump. Resource stays 3.44Bt, exploration postponed, overhead and staff costs being cut. No dividend.
29 Feb 2016admin correction● Neutral
Administrative notice: registered office and principal place of business move to Level 3, 216 St Georges Terrace, Perth from 29 February 2016, with a new postal address. No substance for shareholders.
29 Jan 2016quarterly activities report▼ Bad
December 2015 quarter: regulator approved reduced spending for four of seven tenements; the other three are expected this quarter. EER says it is cutting overhead and staff costs and postponing exploration. Shares 0.3c, market cap $1.07m.
29 Oct 2015quarterly activities report▼ Bad
September 2015 quarter: EER formally applied to cut work programs on all tenements to a minimum for two to three years. EPC 1399 and 1400 renewals were approved for three years. Exploration stays postponed. Shares 0.6c.
30 Sept 2015annual report▼ Bad
Annual report for year to 30 June 2015 shows a loss of $2,349,485, against a $6,292 profit the prior year. It repeats the 3.44Bt resource and 100% Blackall ownership. Board unchanged. Text truncated.
30 Sept 2015other● Neutral
Appendix 4G corporate governance checklist lodged with the 2015 annual report, pointing to pages 15-20. Administrative compliance form with no new information for shareholders.
31 July 2015quarterly activities report▼ Bad
June 2015 quarter: no field work. EER began talks with the regulator to cut or postpone work programs and spending on all tenements, citing the thermal coal downturn. Strategy review and search for non-coal projects continue. Shares 1c.
30 Apr 2015quarterly activities report● Neutral
March 2015 quarter: no field work. The regulator's global variation was approved in March, confirming reduced work programs and spending for three to four years. EER keeps reviewing strategy and pursuing non-coal projects. Shares 1.5c.
26 Mar 2015regulatory community update▲ GoodMajor
Regulator approved EER's November variation, combining all Idalia and East Energy tenements (now 3,580 sq km) under Project Status and allowing lower exploration spend. Resource unchanged at 3.44Bt. Management says it conserves cash during the coal downturn. Shares 1c.
16 Mar 2015half year report▼ Bad
Half-year to 31 December 2014 shows a net loss of $1,044,678, against a $1,674,942 profit a year earlier. No new exploration was done in the period. No dividend. Board unchanged; auditor Regency Audit. Extract truncated.
30 Jan 2015quarterly activities report● Neutral
December 2014 quarter: no field work. EER lodged a 'global variation' in November with the regulator proposing reduced work programs and spending for the next three to four years, citing the weak thermal coal market. It continues to weigh non-coal projects. Shares 1.8c.
31 Oct 2014quarterly activities report● Neutral
September quarter: only field rehabilitation on EPC 1398. EER began talks with the regulator to reduce annual exploration spending on the Project Status tenements. It is now considering commodities other than coal for new projects. Shares 3c.
24 Oct 2014annual report● Neutral
Annual Report 2014 re-lodged in a typeset version, repeating the $6,292 profit and the same board and operations details. No new information visible.
30 Sept 2014annual report● Neutral
Annual report for year to 30 June 2014 shows a profit of $6,292, against a $3,083,669 loss the prior year. It repeats the 1,504Mt EPC 1399 resource, MDL 464 grant and Project Status. Board unchanged. Text truncated.
1 Aug 2014quarterly activities report▲ GoodMajor
June quarter: MDL 464 was granted for five years from 1 August 2014, resolving the long-pending application. The EPC 1399 resource of 1,504Mt was released, and the regulator approved Project Status for five tenements. Shares 4.4c.
10 July 2014resource reserve update▲ GoodMajor
EPC 1399 resource updated to 1,504Mt Inferred (JORC 2012), lifting Blackall's combined total to 3.44Bt. The earlier 440Mt Idalia figure is superseded for 1399; EPC 1398 stays at 200Mt. A new 2.0-2.5Bt exploration target is also reported. Shares 2c.
30 Apr 2014quarterly activities report● Neutral
March quarter: no drilling. Modelling for the EPC 1399 resource is nearly done, with the report due in the June quarter. EER applied for 'Project Status' to group spending across five Idalia tenements. MDL 464 grant is expected soon.
30 Apr 2014quarterly activities report● Neutral
March 2014 quarter cash flow: operating outflow $1.06m, cash at quarter end $946k, up from $208k after $1.8m was drawn on loans. Loan facilities total $18.4m with $15.85m used. Next quarter's planned spend is $350k.
22 Apr 2014security holder rights change● Neutral
Notice that 190,031,625 shares, the Idalia deal shares issued in May 2013, come out of escrow on 10 May 2014. Those shares become freely tradable, which is a matter of supply, though the text says nothing on market impact.
22 Apr 2014other● Neutral
Administrative notice: the share registry, still run by Advanced Share Registry, moves to 110 Stirling Highway, Nedlands from 24 April 2014. No substance for shareholders.
14 Mar 2014half year report▲ Good
Half-year to 31 December 2013 shows a net profit of $1,674,942, against a $316,879 loss a year earlier. The extract is truncated and does not explain the swing. Auditor is listed as Regency Audit. No dividend.
5 Mar 2014director officer appointment● Neutral
Chris Thoroughgood, a Noble Group executive director for hard commodities in Australia and New Zealand, replaced Damien Gray as Rex Littlewood's alternate director on 5 March 2014. Noble, the 40.93% shareholder, keeps its board link; he holds no shares.
31 Jan 2014quarterly activities report▼ Bad
December quarter: no drilling. EPC 1399 resource report slipped to first half 2014, and EPC 1398's is delayed until further coring. More drilling is budgeted for 2014/15. MDL 464 grant is expected in first half 2014. Shares at 3.4c.
11 Dec 2013director officer appointment● Neutral
William Randall resigned as alternate director for Rex Littlewood and was replaced by Damien Gray, a Noble Resources Australia business development vice president. Board stays aligned with Noble, the 40.93% shareholder.
31 Oct 2013quarterly activities report▼ BadMajor
September quarter: drilling on Idalia's EPC 1399 finished and resource modelling targets year-end. Cash is only about $192,000, with up to about $4.9m of Noble loan available. Queensland proposes to grant the MDL. Board is assessing timing of more project funding given coal markets and reviewing new projects.
29 Oct 2013annual report● Neutral
Annual report 2013 re-lodged in a reformatted version, repeating the $3,083,669 loss and the same board and Idalia details. No new information visible.
30 Sept 2013annual report▼ Bad
Annual report for the year to 30 June 2013 shows a loss of $3,083,669, against a $442,787 profit the year before. It records the Idalia facility paid out in May 2013 and the acquisition completed. Board unchanged. Text is truncated.
20 Aug 2013admin correction● Neutral
Corrects the competent person statement in the June quarterly report, naming SRK's Dr Gerard McCaughan and the 2004 JORC Code for the 1.74Bt Blackall resource. No change to figures.
31 July 2013quarterly activities report● Neutral
June quarter: Idalia acquisition completed and drilling started on EPC 1399. Combined debt put at $12.2m, with $6.2m available to draw; first drawing was $350,000 in mid-May. No work on EPC 1149. Shares at 4.2c.
