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MAGNUM GAS & POWER LIMITED(MPE)

Click here for free access to this company's:
ASX, Legal & CGT Status

Former (or subsequent) names

 FROMTO
RAVEN ENERGY LIMITED02/01/201828/02/2019
MAGNUM GAS & POWER LIMITED09/11/201202/01/2018
ORMIL ENERGY LIMITED16/08/201009/11/2012
GOLDEN TIGER MINING NL16/08/2010

Shareholder links

Our website ranking of MPE: rating 4
(4 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

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 details

Address: Level 11, 52 Phillip Street, Sydney NSW 2000
Tel:  +61 8 9226 1356 Fax: +61 8 9226 2027

Date first listed: 24/11/2004
Company Secretary: 
Sector: Energy Industry Group: XEJ
Activities: Undertaking and investing directly or indirectly in projects, companies and other entities engaged in or related to the oil, gas and energy sectors both onshore and offshore in Australia and outside Australia, including in Apex Energy NL

News & Events

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name changed to Raven Energy Limited

02/01/2018

The suspension of trading in the securities of Magnum Gas & Power Limited will be lifted immediately following receipt of an announcement regarding a capital raising.

02/08/2017

The company issues a cleansing prospectus for an offer of: up to 10,000 new shares at an issue price of $0.00125 per Share to raise up to $12.50; and up to 1,000 New Options which are unquoted, with an exercise price of $0.0025 and an expiry date which is two years from the date of issue.

02/08/2017

The company lodges its Quarterly Activities & Cashflow Report.

01/08/2017

The company releases the results of its EGM.

31/07/2017

The company has executed an agreement to conduct a placement to raise A$4.0 million. The Company has signed an underwriting agreement with Perth-based broker, DJ Carmichael Pty Ltd, to underwrite the Placement for A$2.75 million. The Company can also confirm it has received commitments to place up to a further A$1.25 million.

24/07/2017

The securities of Magnum Gas & Power Limited will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement regarding a capital raising.

12/07/2017

The suspension of trading in the securities of Magnum Gas & Power Limited will be lifted immediately, following receipt of an announcement.

19/06/2017

The company has agreed to undertake a placement of shares to sophisticated and professional investors, to raise up to A$900,000.

19/06/2017

The company has entered into a letter of intent with Gasfields LLC, a limited liability company incorporated in the United States of America, that holds rights to farmin to a 152 km² (over 40,000 net acre) "“ lease position over the large Sites Anticline structure on the west side of the gas prolific Sacramento Basin, California. A major gas trunkline servicing California's vast, 90% - imported, domestic gas market is located approximately 8 km from that site.

05/06/2017

The company is continuing its previously announced discussions with respect to a potential energy related acquisition and concurrent financing arrangements. The Company expects to finalise these discussions throughout the next week and requests to remain in voluntary suspension until then. The Company expects that a request to lift the voluntary suspension on trading in the Company's shares will be made on or before Monday 22nd May 2017.

15/05/2017

Magnum Gas & Power Limited advises that it is continuing its previously announced discussions with respect to a potential energy related acquisition and concurrent financing arrangements. Accordingly the Company requests to remain in voluntary suspension whilst such discussions are finalised. The Company expects that the voluntary suspension on trading in the Company's shares will be lifted on or before Monday 15th May 2017.

08/05/2017

Magnum Gas & Power Limited advises that it is in advanced discussions with respect to a potential energy related acquisition and concurrent financing arrangements, and requests to remain in voluntary suspension whilst such discussions are finalised. The Company expects that the voluntary suspension on trading in the Company's shares will be lifted on or before Monday 8th May 2017.

01/05/2017

The company lodges its Quarterly Activities & Cashflow Report.

28/04/2017

The company provides an update on the proposed acquisition of Bombora Natural Energy. Following discussions between the company and Bombora, the board advises the following: It has been mutually agreed that certain conditions precedent provided for in the SPA cannot be satisfied and neither the Company nor Bombora are willing to waive or otherwise modify their respective rights under the SPA in regard to the satisfaction of those conditions precedent. The Company has terminated the SPA, and Bombora has not objected to that termination, and accordingly, the Acquisition will not occur. The company is in discussions in relation to other energy-related opportunities and financing arrangements. The company expects that the voluntary suspension will be lifted on or before Monday 1st May 2017.

19/04/2017

The securities of Magnum Gas & Power Limited will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement.

13/04/2017

The suspension of trading in the securities of Magnum Gas & Power Limited will be lifted immediately, following receipt of an announcement.

27/02/2017

Bombora has executed a Heads of Agreement with two parties that hold a 152 km2 net acre lease position on the large Sites Anticline structure on the west side of the gas prolific Sacramento Basin, California.

27/02/2017

The company is please to advise the results of ASX's determination in relation to the application of Chapter 11 of the ASX Listing Rules to the company's acquisition of Bombora Natural Energy. ASX requires the company to obtain shareholder approval for the acquisition. The company will not be required to comply with Chapters 1 and 2 of the ASX Listing Rules. The company also expects to call an EGM as early as possible and to release to the market a notice of meeting shortly.

27/02/2017

The company has signed a share sale and purchase agreement with Bombora Natural Energy under which it will acquire all of the issued capital of Bombora on the basis of 60 MPE shares for each Bombora share, which will result in the issue of approximately 2.4 billion shares at latest MPE closing price of $0.001 per share.

13/02/2017

The securities of Magnum Gas & Power Limited will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement.

10/02/2017

The suspension of trading in the securities of Magnum Gas and Power Limited will be lifted from the commencement of trading on Wednesday, 5 October 2016 following the lodgement of the Company's full year financial accounts for the period ended 30 June 2016.

04/10/2016

The company lodges its Annual Report to shareholders.

04/10/2016

The company releases its Appendix 4G.

04/10/2016

The Board of Magnum Gas & Power Limited is pleased to announce a capital raising comprising a fully underwritten Rights Issue to raise circa $1.765 million. The Rights Issue will be a renounceable two-for-one offer to eligible shareholders with one free attaching option for every two new shares subscribed exercisable at $0.003 and expiring four years from issue date, to raise $1,764,751 via the issue of 1,765 million shares at $0.001 per share.

04/10/2016

The securities of Magnum Gas and Power Limited will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement.

30/09/2016

name changed from Ormil Energy Limited

09/11/2012

ASX Announcements (courtesy of ASX)

 

 

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    21/06/2012Edward Ellyard2,000,000$0.020$40,440.00

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Nathan FeatherbyExecutive Chairman29/09/2016
    Dato' YusoffNon Exec Chairman01/08/2016
    Mark PittsCFO04/09/2012
    Anthony GianottiCFO01/07/2017
    Saxon BallNon Exec Director09/11/2016
    David ScogginNon Exec Director21/12/2016
    Nicholas HallidayNon Exec Director21/12/2016
    Kar ChuaCompany Secretary

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION

    Date of first appointment, title may have changed.