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26 March 2025
| Name: | AUSTEX OIL LIMITED (AOK) |
| Date of Listing: | 08 January 2008 |
| Date of Delisting: | 28 August 2019 |
Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 28 August 2019.Legal Status:
Capital Gains Tax (CGT) Status:
This entity was deregistered on 28 January 2024. Deregistration is a Capital Gains Tax Event. In our opinion you are entitled to crystallise any capital loss in the tax year that deregistration occurs providing you have not previously done so. If you did not crystallise your loss in the tax year the entity was deregistered, you may seek to re-open that year’s assessment but anyway should seek professional advice as to how best to proceed.
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accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.
REGISTRY:
Boardroom Pty Ltd
Level 8, 210 George Street, Sydney NSW 2000
Tel : +61 2 9290 9600 or 1300 737 760
Fax : +61 2 9279 0664 or 1300 653 459
RegistryWebsite RegistryEmail
company is deregistered today | 28/01/2024 |
delisted from the close of trading on Wednesday, 28 August 2019 pursuant to Listing rule 17.15. | 28/08/2019 |
we understand this company failed to pay its annual listing fee on due date and ASX has accordingly removed it from the official list | 28/08/2019 |
The company has not paid their annual listing fees in respect of the year ending 30 June 2020 but the securities are already suspended from official quotation. | 22/08/2019 |
On 3 June 2019 (Houston time), Austex Oil Limited and its U.S. subsidiaries filed voluntary petitions for reorganisation under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Northern District of Oklahoma. | 05/06/2019 |
The company's USA subsidiaries, International Energy Corporation and International Energy, have sold the oil and gas assets in Kay County Oklahoma to an independent USA based buyer SNR Oklahoma Operating, LLC. for a consideration of approximately US $14 million. | 09/11/2018 |
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 has continued to actively pursue discussions with third parties in relation to sale of the Snake River Leases in Kay County Oklahoma, USA. After undertaking a comprehensive sale program, the Company identified several bidders. No binding offer has been received yet. Pending the successful sale, the Company continues to operate the Snake River assets, which are currently operating on a cash flow positive basis. The civil action commenced by Weider in March 2017 alleging a breach of the redeemable preference share subscription agreement is continuing. No date has yet been set by the United States District Court for the Southern District of New York for the next hearing. No further redemption notices have been received by the company. | 13/07/2018 |
The company received a purported redemption notice in relation to the redeemable convertible preference A shares and redeemable preference B shares from a shareholder in the amount of US$14,715,612.30 in relation to the RCPA shares and US$7,015,714.95 in relation to the RPB shares. The Company is seeking legal advice to confirm the validity of the Redemption Notice. This Redemption Notice is in addition to the previously announced put option notices received by the Company totalling approximately US$9.3 million. Whilst the Company is reviewing the validity of the Redemption Notice, progress is continuing in relation to the sale of the Company's assets. | 28/03/2018 |
The company has received a further purported put option notice in relation to the redeemable preference B shares from a shareholder in the amount of US$915,000. The company is seeking legal advice to confirm the validity of the put notice. The Company has now received put option notices from all of the Redeemable Preference Shareholders totalling approximately US$9.3 million. | 07/03/2018 |
The company has finalised the sale of the Company's Drumright Dome leases in Creek and Lincoln Counties in Oklahoma, USA for US$3.25 million before payment of commissions and other costs of sale. The proceeds from the sale will primarily be used to reduce outstanding liabilities in relation to the put option notices received by the Company. The company has also ommenced discussions with third parties in relation to the sale of its Snake River Leases in Kay County, Oklahoma, USA. | 06/03/2018 |
The company has received a further two purported Put Option Notices in relation to the Redeemable Preference "˜B' shares from shareholders in the amounts of US$1.80 million and US$377,000. The Company is seeking legal advice to confirm the validity of the Put Notice. The company also remains in negotiations with the original Preference Shareholder in relation to their put notice lodged with the Company for US$6.22 million with a view to achieving an orderly reapyment of the amount owed under that notice. | 01/03/2018 |
The securities of Austex Oil Limited will be suspended from quotation immediately, at the request of the Company and in accordance with listing rule 17.2, pending the release of an announcement regarding the receipt of a Put Option Notice. | 19/02/2018 |
The suspension of trading in the securities of Austex Oil Limited will be lifted immediately, following receipt of an announcement regarding capital raising. | 20/02/2012 |
AusTex Oil Limited requests a continuation of the suspension of the trading of the Company" ordinary shares from the ASX to continue until Monday 20 February 2012 | 17/02/2012 |
The securities of Austex Oil Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement | 15/02/2012 |
the suspension of trading in the securities of Austex Oil Limited (the "Company") will be lifted immediately, following receipt of an announcement regarding capital raising | 17/06/2011 |
the securities of Austex Oil Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement | 15/06/2011 |
company is deregistered today | 28/01/2024 |
delisted from the close of trading on Wednesday, 28 August 2019 pursuant to Listing rule 17.15. | 28/08/2019 |
we understand this company failed to pay its annual listing fee on due date and ASX has accordingly removed it from the official list | 28/08/2019 |
The company has not paid their annual listing fees in respect of the year ending 30 June 2020 but the securities are already suspended from official quotation. | 22/08/2019 |
On 3 June 2019 (Houston time), Austex Oil Limited and its U.S. subsidiaries filed voluntary petitions for reorganisation under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Northern District of Oklahoma. | 05/06/2019 |
The company's USA subsidiaries, International Energy Corporation and International Energy, have sold the oil and gas assets in Kay County Oklahoma to an independent USA based buyer SNR Oklahoma Operating, LLC. for a consideration of approximately US $14 million. | 09/11/2018 |
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 has continued to actively pursue discussions with third parties in relation to sale of the Snake River Leases in Kay County Oklahoma, USA. After undertaking a comprehensive sale program, the Company identified several bidders. No binding offer has been received yet. Pending the successful sale, the Company continues to operate the Snake River assets, which are currently operating on a cash flow positive basis. The civil action commenced by Weider in March 2017 alleging a breach of the redeemable preference share subscription agreement is continuing. No date has yet been set by the United States District Court for the Southern District of New York for the next hearing. No further redemption notices have been received by the company. | 13/07/2018 |
The company received a purported redemption notice in relation to the redeemable convertible preference A shares and redeemable preference B shares from a shareholder in the amount of US$14,715,612.30 in relation to the RCPA shares and US$7,015,714.95 in relation to the RPB shares. The Company is seeking legal advice to confirm the validity of the Redemption Notice. This Redemption Notice is in addition to the previously announced put option notices received by the Company totalling approximately US$9.3 million. Whilst the Company is reviewing the validity of the Redemption Notice, progress is continuing in relation to the sale of the Company's assets. | 28/03/2018 |
The company has received a further purported put option notice in relation to the redeemable preference B shares from a shareholder in the amount of US$915,000. The company is seeking legal advice to confirm the validity of the put notice. The Company has now received put option notices from all of the Redeemable Preference Shareholders totalling approximately US$9.3 million. | 07/03/2018 |
The company has finalised the sale of the Company's Drumright Dome leases in Creek and Lincoln Counties in Oklahoma, USA for US$3.25 million before payment of commissions and other costs of sale. The proceeds from the sale will primarily be used to reduce outstanding liabilities in relation to the put option notices received by the Company. The company has also ommenced discussions with third parties in relation to the sale of its Snake River Leases in Kay County, Oklahoma, USA. | 06/03/2018 |
The company has received a further two purported Put Option Notices in relation to the Redeemable Preference "˜B' shares from shareholders in the amounts of US$1.80 million and US$377,000. The Company is seeking legal advice to confirm the validity of the Put Notice. The company also remains in negotiations with the original Preference Shareholder in relation to their put notice lodged with the Company for US$6.22 million with a view to achieving an orderly reapyment of the amount owed under that notice. | 01/03/2018 |
The securities of Austex Oil Limited will be suspended from quotation immediately, at the request of the Company and in accordance with listing rule 17.2, pending the release of an announcement regarding the receipt of a Put Option Notice. | 19/02/2018 |
The suspension of trading in the securities of Austex Oil Limited will be lifted immediately, following receipt of an announcement regarding capital raising. | 20/02/2012 |
AusTex Oil Limited requests a continuation of the suspension of the trading of the Company" ordinary shares from the ASX to continue until Monday 20 February 2012 | 17/02/2012 |
The securities of Austex Oil Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement | 15/02/2012 |
the suspension of trading in the securities of Austex Oil Limited (the "Company") will be lifted immediately, following receipt of an announcement regarding capital raising | 17/06/2011 |
the securities of Austex Oil Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement | 15/06/2011 |
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We recommend this online facility to crystallise your losses for CGT purposes: https://www.delisted.com.au/sell-worthless-and-other-securities/ Dear Sir, I bought their shares a few years ago. How can i deal with my shares now? Thank you! I need your help!
| 21/03/2022 13:31:36 |
IS AUSTEX OIL LTD IN LIQUIDATION AND IF SO HAS A DECLARATION BEEN ISSUED TO WRITE OFF INVESTMENT
| 13/11/2020 13:20:52 |
Purchases Sales
| DATE | DIRECTOR | NATURE | NUMBER | PRICE | AMOUNT |
|---|---|---|---|---|---|
| 07/12/2015 | Justin Clyne | On market | 50,000 | $0.050 | $2,500 |
| 02/12/2015 | Justin Clyne | On market | 20,000 | $0.056 | $1,120 |
| 02/12/2015 | Justin Clyne | On market | 75,000 | $0.052 | $3,938 |
| 11/12/2014 | Nicholas Stone | On market | 191,572 | $0.112 | $21,427 |
| 11/12/2014 | Michael Stone | On market | 191,572 | $0.112 | $21,427 |
| NAME | TITLE | DATE OF APPT |
|---|---|---|
| Russell Krause | Non Exec Chairman, Independent Director | 23/10/2012 |
| Richard Adrey | Managing Director | 19/04/2006 |
| Andrew Bursill | CFO, Company Secretary | |
| Nicholas Stone | Non Exec Director | 19/11/2013 |
| Mark Paton | Non Exec Director | 20/04/2017 |
Date of first appointment, title may have changed.
| NAME | TITLE | DATE OF APPOINTMENT | DATE OF RESIGNATION |
|---|---|---|---|
| Justin Clyne | Non Exec Director | 19/06/2014 | 20/04/2017 |
| Michael Stone | Chairman | 01/05/2014 | 05/04/2017 |
| David Clark | CFO | 01/10/2009 | 01/08/2015 |
| Daniel Lanskey | Non Exec Director | 01/03/2006 | 19/06/2014 |
| Patricia Philip | Non Exec Director | 01/03/2006 | 19/06/2014 |
| Luis Vierma | Non Exec Director | 01/09/2011 | 22/04/2014 |
| Kwang Hung | Deputy Chairman | 15/04/2011 | 19/05/2013 |
| Justin Clyne | Non Exec Director | 20/08/2012 | 03/12/2012 |
| Peter Power | Non Exec Chairman | 09/04/2007 | 31/05/2012 |
Date of first appointment, title may have changed.
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