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TARGET ENERGY LIMITED (ASX.TEX)

ASX, Legal & CGT Status

SHARE PRICES

(updated at weekends)
Former (or subsequent) names

 

Shareholder links
Our website ranking of TEX: rating 4
(4 out of 5)
COMPANY WEBSITE:

 

REGISTRY:
Advanced Share Registry Services
110 Stirling Hwy, Nedlands WA 6009
Tel : +61 8 9389 8033
Fax : +61 8 9262 3723
RegistryWebsite RegistryEmail

Company details
ISIN: AU000000TEX7
Address: Unit 1/24 Mumford Place Balcatta WA 6021
Tel:  08 6241 1833 Fax: 08 6241 1811

Date first listed: 27/11/2006

Sector: Energy
Industry Group: XEJ
Activities: Oil exploration

a loss declaration has been issued and the capital loss can therefore be claimed in the financial year the declaration is issued (this declaration was issued on 20 June 2021)

06/08/2021

delisted from the commencement of trading on 3 February 2020 pursuant to Listing rule 17.12.

03/02/2020

we understand this company failed and ASX removed the company from listing because its securities have not been quoted for more than three years

03/02/2020

On 17 December 2019, the company was placed in liquidation by order of the Federal Court of Australia. The petitioning creditor was Mr Laurence Roe, the former Managing Director of the company, who was owed entitlements arising from his employment with the company.

17/12/2019

The company lodges its Quarterly Activities and Cashflow Report 30 September 2019.

01/11/2019

The company lodges its Quarterly Activities and Cashflow Report 30 June 2019.

31/07/2019

The company lodges its Quarterly Activities and Cash Flow Report - March 2019.

29/04/2019

The company lodges its Quarterly Activities and Cashflow Report.

30/01/2019

The company provides an update on the consolidation of its securities. The update relates to the confirmation of post-consolidation number of shares on issue.

07/01/2019

we understand that on or about this date the company consolidated its shares 1 for 40

07/01/2019

The Company announces that it has completed the divestment of 100% of its interests in the Fairway Project to Fairway Energy Limited and the extinguishment of the Company's debt

24/12/2018

The company releases updates on notification of consolidation or split

18/12/2018

The company provides an update on the consolidation of its securities. The reasons for the update are: adjustment to timetable and update approval status.

11/12/2018

The company advises of a revision to the timetable for the proposed consolidation.

28/11/2018

The company provides an update on its consolidation. The reason for the update is an adjustment to the timetable and update approval status.

28/11/2018

The company releases the results of its meeting.

05/11/2018

The company releases a notification of consolidation of its securities. Shareholders will get 1 share for every 40 presently owned.

02/11/2018

The company lodges its Quarterly Activities and Cashflow report to 30 Sept 2018.

30/10/2018

The company releases an independent expert's report.

03/10/2018

The company releases a notice of general meeting. The meeting will be held at: 11:00 am on 5 November 2018 at The Vic Boardroom, 226 Hay Street Subiaco, Western Australia, 6008.

03/10/2018

The company releases the results of its meeting.

28/09/2018

The company has entered into a binding agreement to restructure and recapitalise the Company. Under the agreement, Target has agreed to sell 100% of its interests in the Fairway Project to Fairway Energy Limited. This divestment is in exchange for extinguishing: 90% of the face value of the existing Convertible Noteholder debt, equating to approximately $8.07M and 100% of the Accrued Interest on the Convertible Noteholder debt, equating to approximately $1.68M. There will be a conversion of the remaining convertible noteholder debt (10%), existing secured loans (100%) and 25% of outstanding director's fees, totalling approximately $3.77M, into Target shares at $0.001 per share. The current litigation asset in relation to the Fairway project will remain with Target.

28/09/2018

Following a scheduled ASX internal system change affecting the Market Announcements Platform, it has been necessary to re-apply the "˜Suspend' session state. This announcement serves to re-confirm the securities of this entity remain suspended.

06/08/2018

The company lodges its Quarterly Activities and Cashflow Report to 30 June 2018.

27/07/2018

The company lodges its Quarterly Activities and Cashflow Report.

30/04/2018

The company releases the results of its meeting.

29/03/2018

The company lodges its Quarterly Activities and Cash Flow Report to 31 Dec 2017.

31/01/2018

The securities of Target Energy Limited will be suspended from official quotation immediately at the request of the Company, pending the receipt of an announcement regarding its proposed change of activities. The Company's securities will remain suspended until the Company has either provided information regarding its proposed change of activities as required by Annexure A of ASX Guidance Note 12, or until the Company has complied with Chapters 1 and 2 of the Listing Rules in accordance with Listing Rule 11.1.3.

21/12/2017

The suspension of trading in the securities of Target Energy Limited will be lifted immediately, following the release by the Company of an announcement regarding the appointment of a director

27/09/2017

The securities of Target Energy Limited will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement.

25/09/2017

The suspension of trading in the securities of Target Energy Limited will be lifted immediately following the release of an announcement regarding an update on the Fairway divestment.

18/10/2016

Bids for the combined package of the Fairway properties were due on 7 October 2016. While Canaccord and the divesting partners have since agreed to extend the bidding process for a  further 4 weeks  in  order to attract additional  bids,  a  number  of bids have been received, including a cash offer for all properties in the  package. The offer was accompanied by a Letter of Intent and remains subject to the bidder securing suitable finance and the receipt of any required regulatory approvals. The bidderis continuing its due diligence program while Canaccord and the divesting parties review the bid in detail.  While this  process is underway and until such time as the bidder and the divesting partners successfully conclude the drafting of a Purchase and Sale Agreement (PSA), the partners will continue to solicit offers from additional interested parties. No offer has been accepted by Target and its divesting partners at this stage. 

18/10/2016

The securities of Target Energy Limited will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement in relation to the Fairway sale process.

13/10/2016

The suspension of trading in the securities of Target Energy Limited will be lifted immediately following the release of an announcement regarding a capital raising. ASX Code: TEX

27/04/2015

Target Energy Limited ("Target") advises that the suspension of trading in its securities will remain in place pending an announcement regarding a capital raising. We anticipate that the voluntary suspension will remain in place until not later than the commencement of trading on Tuesday, 28 April 2015

24/04/2015

Target Energy Limited ("Target") advises that the suspension of trading in its securities will remain in place pending an announcement regarding a capital raising.

22/04/2015

Target Energy Limited ("Target") advises that the suspension of trading in its securities will remain in place pending an announcement regarding a capital raising.

17/04/2015

Target Energy Limited ("Target") advises that the suspension of trading in its securities will remain in place pending an announcement regarding a capital raising. We anticipate that the voluntary suspension will remain in place until not later than the commencement of trading on Friday, 17 April 2015

10/04/2015

Target Energy Limited ("Target") advises that the suspension of trading in its securities will remain in place pending an announcement regarding a capital raising. We anticipate that the voluntary suspension will remain in place until not later than the commencement of trading on Friday, 17 April 2015.

10/04/2015

The securities of Target Energy Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement. Security Code: TEX

07/04/2015

The suspension of trading in the securities of Target Energy Limited will be lifted immediately following the release of an announcement regarding a successful capital raising. ASX Code: TEX

21/10/2014

The securities of Target Energy Limited (the "Company") will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement in relation to a capital raising. Security Code: TEX

20/10/2014

listed entity carried for record purposes only

27/11/2006
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Loading comments....  Most recent comments

So I see there was a capital reconstruction 7/1/19. My father\'s 500,000 shares reduced to 12,500. Would he have received payment then for cancellation of the shares?

Now he has 12,500 shares. Seems they are worthless now so what do we do about them? 

And what do I give his accountant regarding the capital loss (what paperwork)? NB  the accountant has not yet does his tax for yr end June 22.

27/08/2022 17:15:45

Liquidator has declared the shares are worthless 20/06/2021

29/07/2021 17:55:20
Company Updates
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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNATURENUMBERPRICEAMOUNT
    17/12/2013Christopher RoweOn market1,000,000$0.047$46,634
    07/03/2013Christopher RoweOn market404,000$0.090$36,362
    13/12/2012Christopher RoweOn market399,978$0.096$38,444
    23/08/2012Christopher RoweOn market153,000$0.065$9,945
    07/05/2012Christopher RoweOn market250,000$0.068$16,950

    Click here for the last 20 transactions all companies

    Directors & Executives (current)
    NAMETITLEDATE OF APPT
    Craig HallIndependent Director01/02/2019
    Matthew BattrickNon Exec Director27/09/2017
    Carol NewNon Exec Director, Company Secretary22/02/2019
    Kate StoneyCompany Secretary

    Date of first appointment, title may have changed.

    SPECIAL NOTE: During May 2024 we are working to remove duplications in the Company Secretary role.

    Directors & Executives (former)
    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Laurence RoeManaging Director, CEO06/04/200622/02/2019
    Stephen MannNon Exec Director13/12/201004/01/2018
    Christopher RoweNon Exec Chairman01/01/201022/09/2017
    Graham RileyNon Exec Director13/12/201005/10/2012

    Date of first appointment, title may have changed.