FREEDOM OIL AND GAS LTD (ASX.FDM)

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company has changed its name to FREEDOM ENERGY CORPORATION LTD

delisted at entity's request per Listing Rule 17.12

we understand this company failed and ASX removed the company from listing because its securities have been suspended from quotation for a continuous period of two years

The Company has exited administration today. The new Board of Directors has set a new vision and direction for Freedom, one that brings Freedom inline with the energy demands of the 21st century and the expectations of the global community in which Freedom operates. The new Board of Directors of Freedom looks forward to working with the shareholders to build Freedom Oil and Gas Limited into a successful and profitable energy company. In connection with the Varied Deed of Company Arrangement, the Company has closed a A$30,000 placement, issuing 150,000,000 fully paid ordinary shares at A$0.0002 a share to an unrelated party under the Varied Deed of Company Arrangement using its Listing Rule 7.1 capacity.

The company's creditors agreed to a varied DOCA, which involves the acceptance of a convertible loan, and the placement of shares to raise funds for working capital.

The company lodges its First Quarter Activities Report 2021.

The company releases the following: Second Quarter Activities Report 2020, Third Quarter Activities Report 2020 and Fourth Quarter Activities Report 2020.

The company lodges its First Quarter Activities Report 2020.

The company releases an Appendix 4G.

The company lodges its Appendix 4E and Annual Report 31 December 2019.

The company has no funds at this point in time, however funds are urgently required in order to halt imminent delisting. The previous ASX listing fee, due in August 2020, was paid by the deed administrator personally. Another ASX listing fee is now due however. The company also needs to prepare and lodge audited financial accounts by 26 February 2021. There are no funds to do this.

The administrator releases a copy of all receipts and payments made for the period 1 July 2020 to 30 September 2020, and 1 October 2020 to 31 December 2020. Further parties have expressed an interest in recapitalising the company via an amended DOCA and creditors trust with shareholder approval being required.

Marcus Liew informed Freedom at 1 pm today, 16 December 2020, that he and Crest Advisory Berhad will not proceed with the transaction. The meeting set down for 18 December 2020 is abandoned. Freedom will seek legal advice with a view to recovering costs and damages against Marcus Liew and Crest Advisory Berhad.

The company releases a letter to its securityholders regarding the notice of meeting, explanatory memorandum and independent experts' report for shareholders to consider the proposed share restructure of the company under the DOCA.

The company releases a notice of general meeting and indpendent expert's report. The meeting will be held on 18 December 2020 at 11:00am (AEST) at Nicols and Brien Chartered Accountants, Level 2, 350 Kent Street, Sydney, New South Wales, Australia.

On 27 October 2020, the company executed a further DOCA and a creditors trust deed.

On 21 September 2020, ASIC granted relief to the company such that the company does not have to comply with certain financial reporting obligations under Part 2M.3 of the Act, which includes full-year and half-year results of the company during the deferral period.

The company lodges its Interim report for the half-year ended 30 June 2019.

The company announces its intention to rely on teh ASIC Corporations Instrument 2015/251 to enable the company to obtain relief from its Part 2M.3 obligations to preprae and lodge the audited financial statements and directors reports for the period of 6 months from the date of the administrator's appointment.

The following entity has not paid their annual listing fees in respect of the year ending 30 June 2021 but their securities are already suspended from official quotation.

At the adjourned Sec 439A creditors meeting this morning, creditors passed a resolution accepting the Holding Deed of Company Arrangement. The purpose being to allow sufficient time to explore the possibility of re-capitalising the ASX listed company, via a Deed of Company Arrangement and Creditors Trust mechanism.

At the Sec 439A creditors meeting this morning, creditors passed a resolution to adjourn the meeting for up to 45 business days, as allowed under the Corporations Act. The purpose being to allow sufficient time to explore the possibility of re-capitalising the ASX listed company, via a Deed of Company Arrangement and Creditors Trust mechanism.

The company has appointed Mr. Steven Nicols of Nicols + Brien as Administrator to administer the affairs of the company.

Ramas Capital Management has not funded the initial USD 14 million first tranche of the previously announced USD 30 million convertible note and thus Freedom has not met the 31 January 2020 deadline to repay its senior credit facility.

The company lodges its Quarterly report for the period ended 31 December 2019.

The company has agreed to terms with Wells Fargo to repay the senior credit facility (USD 18 million outstanding balance) in full by 31 January 2020, for USD 14 million plus accrued interest and fees. To fund the repayment, Freedom and Freedom Eagle Ford, Inc., a whollyowned subsidiary of Freedom, as guarantor, have entered into a loan note subscription agreement with an affiliate of Ramas Capital Management, pursuant to which RCM will subscribe for loan notes with a face value of USD 30 million. The loan note subscription will be settled in two tranches, with the first tranche settlement occurring on 30 January, 2020 for USD 14 Million and the second settlement of USD 16 Million on 14 February, 2020. Proceeds from the first tranche will be used by Freedom to retire the Wells Fargo senior facility in full. Proceeds from the second tranche will be used to reduce current outstanding accounts payable balances and for general working capital.

The final stages of the negotiations between Freedom, the potential equity investor and Wells Fargo regarding the underwriting support for a rights issue and the terms of a loan note facility that would be available to Freedom immediately are progressing and details will be provided when available.

Freedom is in final stages of negotiation with a potential equity investor regarding underwriting support for a rights issue and is negotiating with that same investor, and with Wells Fargo, regarding the terms of a loan note facility that would be available to Freedom immediately to ensure that Freedom has sufficient short-term cash flow prior to settlement of the rights issue.

In relation to the forbearance agreement entered into with Wells Fargo Bank, Wells Fargo has granted an extension in respect of the requirement that Freedom secure an equity commitment letter or subscription agreement for a minimum gross amount of USD 30 million. That extension has been granted to 11:59PM (CT) on January 17, 2020, to allow Freedom to conclude negotiations in respect of a proposed funding arrangement. Freedom is in advanced stages of negotiation with a potential equity investor regarding underwriting support for a rights issue. Freedom is also negotiating terms of a loan note facility with that investor.

The company has entered into a Forbearance Agreement with Wells Fargo Bank, N.A. governing the Credit Agreement between Freedom and Wells Fargo that currently has an outstanding balance of US$18.5 million.

The company provides 30-day average production for recent Eagle Ford shale wells. Freedom's 3 Texas A&M University wells averaged a gross rate of 879 barrels of oil equivalent per day per well and 92% liquids with current flowing pressures averaging 759 psi per well. The wells have each flowed an average of 639 barrels of water per day over the initial 30-day period, and currently produce over 407 barrels of water per day each as they continue to recover the fluids used in the hydraulic fracturing.

The company lodges its Quarterly report for the period ended 30 September 2019.

The company is still not in a position to make an announcement regarding a proposed capital raising. The company has also completed frac operations on its three Eagle Ford Shale wells drilled on its Eagle Ford acreage in Dimmit County, Texas. A total of 36 frac stages were completed on the TAMU 1H, 37 frac stages on the TAMU 2H and 36 stages on the TAMU 4H. Frac plugs have been drilled out operations and flow back of the wells commenced 28 September. The wells are already producing measurable amounts of crude oil and natural gas.

Freedom expects that it will be in a position to release an announcement regarding a proposed capital raising by no later than 18 October 2019. The company has completed frac operations on its three Eagle Ford Shale wells drilled on its Eagle Ford acreage in Dimmit County, Texas. A total of 36 frac stages were completed on the TAMU 1H, 37 frac stages on the TAMU 2H and 36 stages on the TAMU 4H. Frac plug drill out operations are underway and flow back on the wells will commence early next week and initial oil and gas production is expected by mid-October 2019.

The company is not yet in a position to make an announcement regarding a proposed capital raising. The company expects that it will be in a position to do so by no later than 27 September 2019.

The company has begun completion operations on three Eagle Ford Shale wells drilled on its Eagle Ford acreage in Dimmit County, Texas. Completion operations are expected to take approximately two to three weeks with earliest oil and gas production expected in mid-October 2019. The company is not in a position to make an announcement at this time regarding a proposed capital raising. The announcement is expected to be released by no later than 13 September 2019.

The company is not in a position to make an announcement regarding a proposed capital raising. Freedom expects that it will be in a position to release the announcement by no later than 9 September 2019.

The company is not in a position to make an announcement regarding a proposed capital raising. The company expects that it will be in a position to release the announcement by no later than 30 August 2019.

The company is not in a position to make an announcement regarding a proposed capital raising. It expects to be in a position to release the announcement no later than 26 August 2019.

The company is not in a position to make an announcement at this time regarding a proposed capital raising. Freedom expects that it will be in a position to release the announcement by no later than 22 August 2019.

The securities of Freedom Oil and Gas Ltd will be suspended from quotation immediately under Listing Rule 17.2, at the request of FDM, pending the release of an announcement regarding a proposed capital raising.

name changed from Maverick Drilling & Exploration Limited