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26 March 2025
| Name: | ELK PETROLEUM LIMITED (ELK) |
| ISIN: | AU000000ELK1 |
| Date of Listing: | 17 June 2005 |
| Date of Delisting: | 16 March 2020 |
Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 16 March 2020.Legal Status:
ACN: 112 566 499
Deregistration Date: 28 October 2023
Capital Gains Tax (CGT) Status:
This entity was deregistered on 28 October 2023. 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accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.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:
Automic Registry Pty Ltd
Level 5, 191 ST GEORGES TERRACE PERTH WA 6000
Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
RegistryWebsite RegistryEmail
company deregistered today | 28/10/2023 |
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 September 2021) | 12/04/2022 |
G G Woodgate appointed liquidator | 18/09/2021 |
delisted from the commencement of trading on 16 March 2020 pursuant to Listing rule 17.12. | 16/03/2020 |
we understand this company failed and is in administration and ASX removed the company from listing because its securities have not been quoted for "an unacceptably long period" | 16/03/2020 |
The company releases its Bimonthly Report to Creditors. | 28/01/2020 |
On 18 October 2019, Elk exeucted the DOCA proposed at the second creditors meeting on 27 September 2019. Giles Geoffrey Woodgate of Woodgate & Co. was appointed as deed administrator. | 18/10/2019 |
On 27 September 2019, creditors of EPL resolved that EPL enter into a DOCA. The DOCA must be signed within 15 business days of the second meeting of creditors, being 21 October 2019. Upon signing of the DOCA, the proposed deed administrator will be responsible for further updates. | 10/10/2019 |
On Friday, 24 May 2019, the US Bankruptcy Court heard First Day Motions for the Elk Chapter 11 Entities. The Administrators of EPL are seeking expressions of interest for either: equity participation, recapitalisation or restructure proposals by way of a Deed of Company Arrangement; or the purchase of EPL's interests in its USA subsidiaries. On Monday, 27 May 2019, the Administrators held the first meeting of creditors. At the meeting, creditors resolved to appoint a Committee of Inspection. | 27/05/2019 |
Directors of Elk Petroleum resolved on 15 May 2019 to appoint Jason Preston and Barry Kogan as Joint and Several Voluntary Administrators. The Administrators are undertaking an urgent assessment of Elk and its operations to determine the most appropriate strategy going forward, including consideration of whether a recapitalisation can occur. A first statutory meeting of creditors must be held within eight business days after the administration begins and is expected to take place on or around 27 May 2019. | 15/05/2019 |
The company lodges its Quarterly Activities and Cashflow Report. | 03/05/2019 |
Refinancing activities continue. Aneth oil production has returned to levels above 10,000 barrels of oil equivalent per day. Grieve oil production is currently in the range of 170-220 barrels of oil per day. The Grieve Central Processing Plant has been operating close to 100% efficiency with only some recent minor power and preventative maintenance outages and CO2 delivery disruption. Organisation and other cost reduction measures have been implemented in Australia and the USA. Completion and filing of the Company's accounts for the 6 months period ending 31 December 2019 have been deferred pending resolution of the Company's refinancing activities. The Company's next quarterly report will be released on or before 30 April 2019. | 23/04/2019 |
The Company has secured up to A$4 million in funding from its major shareholder, Republic Investment Management. The Company has agreed to a recapitalisation and transformation proposal from its major Shareholder, Republic, that includes the above Short-Term Loan and a proposed partially underwritten Rights Issue, totalling up to approximately A$15 million. The proposal is to be supported by a number of Board and management changes to focus on the Company's immediate needs, manage an orderly restructuring and over time to allow Elk to realize the full potential of its underlying assets. The company intends to remain in voluntary suspension to attend to various matters in relation to the rights issue. The purpose of this funding is to provide the company with sufficient capital to undertake an orderly restructuring of the business in the months ahead and overcome the difficulties the company is now facing. | 26/03/2019 |
Negotiations with an investor group in relation to a potential refinancing by way of a capital raising transaction have progressed but remain ongoing and are yet to be finalised. The Company expects to release an update to the market in relation to this proposed refinancing by Friday, 22 March 2019. Until such a release is made, Elk's securities will continue to be suspended from quotation. | 15/03/2019 |
The securities of Elk Petroleum Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of ELK, pending the release of an announcement regarding an update to its refinancing program. | 01/03/2019 |
The suspension of trading in the securities of Elk Resources Limited will be lifted immediately following the release of an announcement regarding the arrangement of a new convertible loan for forward funding requirements. ASX Code: ELK | 16/04/2015 |
The securities of Elk Petroleum Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement. Security Code: ELK | 07/04/2015 |
The securities of Elk Petroleum Limited (the "Company") will be reinstated to official quotation from the commencement of trading tomorrow, Thursday 26 March 2015 following the release of the Company's accounts for the half year ended 31 December 2014. Security Code: ELK | 26/03/2015 |
suspended following failure to lodge Half Year Accounts for the period ended 31 December 2014 in accordance with Listing rules | 17/03/2015 |
The suspension of trading in the securities of Elk Petroleum Ltd (the "Company") will be lifted immediately following receipt of an announcement relating to a capital raising. Security Code: ELK | 23/04/2014 |
Elk Petroleum Limited (ASX Code: ELK) is pleased to announce that it has received firm commitments from institutional and sophisticated investors and exempt persons to issue 8,466,667 new ordinary shares to a total value of $1.016 million with new shares expected to be allotted on or about 29 April 2014 (Placement). | 23/04/2014 |
The securities of Elk Petroleum Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending release of an announcement. Security Code: ELK | 17/04/2014 |
The suspension of trading in the securities of Elk Petroleum Limited (the "Company") will be lifted immediately, following an announcement by the Company. Security Code: ELK ELKO | 29/07/2013 |
The securities of Elk Petroleum Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement. Security Code: ELK ELKO | 26/07/2013 |
shares reinstated to quotation | 12/10/2010 |
shares suspended from quotation pending an announcement | 06/10/2010 |
the suspension of trading in the securities of Elk Petroleum Limited (the "Company") will be lifted immediately following receipt of an announcement by the Company | 16/08/2010 |
company wishes to advise it is continuing to finalise the announcement with respect to the release of a reserves and economics report by Ryder Scott in relation to the Grieve Field chemical flood EOR project. The Company will provide further news as soon as it is available | 13/08/2010 |
shares suspended from quotation pending an announcement | 11/08/2010 |
shares reinstated to quotation | 09/04/2009 |
shares suspended from quotation pending an announcement about a capital raising | 01/04/2009 |
shares reinstated to quotation following an announcement regarding an $11.7m share placement | 21/03/2006 |
shares suspended from quotation pending an announcement | 15/03/2006 |
company deregistered today | 28/10/2023 |
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 September 2021) | 12/04/2022 |
G G Woodgate appointed liquidator | 18/09/2021 |
delisted from the commencement of trading on 16 March 2020 pursuant to Listing rule 17.12. | 16/03/2020 |
we understand this company failed and is in administration and ASX removed the company from listing because its securities have not been quoted for "an unacceptably long period" | 16/03/2020 |
The company releases its Bimonthly Report to Creditors. | 28/01/2020 |
On 18 October 2019, Elk exeucted the DOCA proposed at the second creditors meeting on 27 September 2019. Giles Geoffrey Woodgate of Woodgate & Co. was appointed as deed administrator. | 18/10/2019 |
On 27 September 2019, creditors of EPL resolved that EPL enter into a DOCA. The DOCA must be signed within 15 business days of the second meeting of creditors, being 21 October 2019. Upon signing of the DOCA, the proposed deed administrator will be responsible for further updates. | 10/10/2019 |
On Friday, 24 May 2019, the US Bankruptcy Court heard First Day Motions for the Elk Chapter 11 Entities. The Administrators of EPL are seeking expressions of interest for either: equity participation, recapitalisation or restructure proposals by way of a Deed of Company Arrangement; or the purchase of EPL's interests in its USA subsidiaries. On Monday, 27 May 2019, the Administrators held the first meeting of creditors. At the meeting, creditors resolved to appoint a Committee of Inspection. | 27/05/2019 |
Directors of Elk Petroleum resolved on 15 May 2019 to appoint Jason Preston and Barry Kogan as Joint and Several Voluntary Administrators. The Administrators are undertaking an urgent assessment of Elk and its operations to determine the most appropriate strategy going forward, including consideration of whether a recapitalisation can occur. A first statutory meeting of creditors must be held within eight business days after the administration begins and is expected to take place on or around 27 May 2019. | 15/05/2019 |
The company lodges its Quarterly Activities and Cashflow Report. | 03/05/2019 |
Refinancing activities continue. Aneth oil production has returned to levels above 10,000 barrels of oil equivalent per day. Grieve oil production is currently in the range of 170-220 barrels of oil per day. The Grieve Central Processing Plant has been operating close to 100% efficiency with only some recent minor power and preventative maintenance outages and CO2 delivery disruption. Organisation and other cost reduction measures have been implemented in Australia and the USA. Completion and filing of the Company's accounts for the 6 months period ending 31 December 2019 have been deferred pending resolution of the Company's refinancing activities. The Company's next quarterly report will be released on or before 30 April 2019. | 23/04/2019 |
The Company has secured up to A$4 million in funding from its major shareholder, Republic Investment Management. The Company has agreed to a recapitalisation and transformation proposal from its major Shareholder, Republic, that includes the above Short-Term Loan and a proposed partially underwritten Rights Issue, totalling up to approximately A$15 million. The proposal is to be supported by a number of Board and management changes to focus on the Company's immediate needs, manage an orderly restructuring and over time to allow Elk to realize the full potential of its underlying assets. The company intends to remain in voluntary suspension to attend to various matters in relation to the rights issue. The purpose of this funding is to provide the company with sufficient capital to undertake an orderly restructuring of the business in the months ahead and overcome the difficulties the company is now facing. | 26/03/2019 |
Negotiations with an investor group in relation to a potential refinancing by way of a capital raising transaction have progressed but remain ongoing and are yet to be finalised. The Company expects to release an update to the market in relation to this proposed refinancing by Friday, 22 March 2019. Until such a release is made, Elk's securities will continue to be suspended from quotation. | 15/03/2019 |
The securities of Elk Petroleum Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of ELK, pending the release of an announcement regarding an update to its refinancing program. | 01/03/2019 |
The suspension of trading in the securities of Elk Resources Limited will be lifted immediately following the release of an announcement regarding the arrangement of a new convertible loan for forward funding requirements. ASX Code: ELK | 16/04/2015 |
The securities of Elk Petroleum Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement. Security Code: ELK | 07/04/2015 |
The securities of Elk Petroleum Limited (the "Company") will be reinstated to official quotation from the commencement of trading tomorrow, Thursday 26 March 2015 following the release of the Company's accounts for the half year ended 31 December 2014. Security Code: ELK | 26/03/2015 |
suspended following failure to lodge Half Year Accounts for the period ended 31 December 2014 in accordance with Listing rules | 17/03/2015 |
The suspension of trading in the securities of Elk Petroleum Ltd (the "Company") will be lifted immediately following receipt of an announcement relating to a capital raising. Security Code: ELK | 23/04/2014 |
Elk Petroleum Limited (ASX Code: ELK) is pleased to announce that it has received firm commitments from institutional and sophisticated investors and exempt persons to issue 8,466,667 new ordinary shares to a total value of $1.016 million with new shares expected to be allotted on or about 29 April 2014 (Placement). | 23/04/2014 |
The securities of Elk Petroleum Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending release of an announcement. Security Code: ELK | 17/04/2014 |
The suspension of trading in the securities of Elk Petroleum Limited (the "Company") will be lifted immediately, following an announcement by the Company. Security Code: ELK ELKO | 29/07/2013 |
The securities of Elk Petroleum Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement. Security Code: ELK ELKO | 26/07/2013 |
shares reinstated to quotation | 12/10/2010 |
shares suspended from quotation pending an announcement | 06/10/2010 |
the suspension of trading in the securities of Elk Petroleum Limited (the "Company") will be lifted immediately following receipt of an announcement by the Company | 16/08/2010 |
company wishes to advise it is continuing to finalise the announcement with respect to the release of a reserves and economics report by Ryder Scott in relation to the Grieve Field chemical flood EOR project. The Company will provide further news as soon as it is available | 13/08/2010 |
shares suspended from quotation pending an announcement | 11/08/2010 |
shares reinstated to quotation | 09/04/2009 |
shares suspended from quotation pending an announcement about a capital raising | 01/04/2009 |
shares reinstated to quotation following an announcement regarding an $11.7m share placement | 21/03/2006 |
shares suspended from quotation pending an announcement | 15/03/2006 |
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Purchases Sales
| DATE | DIRECTOR | NATURE | NUMBER | PRICE | AMOUNT |
|---|---|---|---|---|---|
| 18/06/2018 | Brad Lingo | 1,920,408 | $0.074 | $142,110 | |
| 15/12/2017 | Neale Taylor | 175,700 | $0.062 | $10,893 | |
| 07/11/2017 | Tim Hargreaves | 1,000,000 | $0.067 | $67,000 | |
| 22/09/2017 | Brad Lingo | 275,000 | $0.065 | $17,875 | |
| 08/08/2016 | Brad Lingo | On market | 147,500 | $0.078 | $11,560 |
| NAME | TITLE | DATE OF APPT |
|---|---|---|
| Neale Taylor | Non Exec Chairman | 06/09/2010 |
| Scott Hornafius | President | 01/06/2013 |
| Dave Evans | CEO | 29/04/2016 |
| Barry Smith | Non Exec Director | 31/07/2012 |
| Robert Cook | Non Exec Director | 08/04/2005 |
| Tim Hargreaves | Non Exec Director | 12/05/2015 |
| Andrew Bursill | Company Secretary | |
| David Franks | Company Secretary |
Date of first appointment, title may have changed.
| NAME | TITLE | DATE OF APPOINTMENT | DATE OF RESIGNATION |
|---|---|---|---|
| Russell Krause | Non Exec Director | 13/03/2015 | 31/07/2019 |
| Brad Lingo | Managing Director, CEO | 01/08/2015 | 31/03/2019 |
| Alexander Hunter | CFO | 11/04/2016 | 15/03/2019 |
| James Piccone | Executive Director | 02/02/2018 | 04/02/2019 |
| Matt Healy | Non Exec Director | 21/10/2010 | 14/10/2016 |
| Anthony Strasser | Non Exec Director | 14/10/2008 | 13/03/2015 |
Date of first appointment, title may have changed.
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