The stop will be in place until the start of normal trading on Monday, September 27, 2021, or when an announcement is posted to the market.
() is now in the halt of negotiations pending news on the completion of a capital raising effort.
The stop will remain in place until the start of normal ASX trading on Monday, September 27, 2021, or when an announcement is released to the market.
High Peak has a portfolio of energy resource royalties, specializing in the exploration, pre-production and production phases. Its portfolio covers production royalties, potential development royalties and exploration royalties for more than 20 oil and gas projects in Australia.
The turnover reflects the recovery in the price of oil
HPR posted a 28% increase in its June quarterly reviews with revenue of $ 119,367, up $ 24,282 from the previous quarter.
This was in large part due to the sustained rise in oil prices, following the lows of April 2020. Prices have now returned to the highs of April 2019 before the pandemic downturn.
After the June quarter, HPR settled the payment of two royalties – $ 100,000 for the Admiral Bay royalty and the recently acquired Green Hyrdogen royalty, cumulatively bringing the funds spent on new royalty acquisitions before the June quarter to 400,000. $.
Read: High Peak Royalties sees June quarter revenue jump 28% due to sustained rise in oil prices
High Peak has a number of lucrative royalty assets, supported by rising energy demand and recovering oil and gas prices this year.
Surat Basin CSH Project – 2.5% overriding royalty interest, operated by Shell Australia.
Tintaburra Oil Field – 3.6% / 4.0% Net Income Interest, operated by Santos.
Peat Gas Field – 2.125% overriding royalty interest, operated by Origin Energy.
Surprise Oil Field – 1.0% overriding royalty interest, operated by Central Petroleum.
Longtom Gas Fields – 0.3% overriding royalty interest, operated by Nexus Energy.
Poseidon LNG – 0.103% overriding royalty interest, operated by ().
Amadeus Basin – 1.0%, 1.0% and 3.0% overriding royalty interest, operated by Santos, Centrol Petrole and Mosman Oil and Gas.
Western Flank-Cooper Basin – 1.3% priority interest royalty, operated by Discovery Energy.
North Carnarvon Basin – 0.2% overriding royalty interest, operated by Santos WA Northwest Ltd.
Geothermal Permits – High Peak holds five geothermal permits covering 21,681 km2 in South Australia, with a geothermal area of occupancy currently being applied in the Northern Territory.