Companies / BSN

BASIN ENERGY LIMITED

ASX:BSNEnergy
235.3M shares on issueASX (delayed) · as of 28 July 2026$0.023price · delayed$5.4Mmarket cap · indicative
F
Dilution grade

Runway under 2 quarters; share count grew 183% in 24 months; options/rights overhang 35% of shares

Cash runway0.7 quarters of funding
Share-count growth (24m)183.0%
Raise cadence (24m)2 cash raises
Options & rights overhang35.0% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

BASIN ENERGY LIMITED's ordinary share count grew 183.0% between February 2024 and April 2026, to 235M shares. The company raised capital twice in that period for total disclosed proceeds of A$2.4M, most recently raising A$1.1M in April 2026. Options and rights on issue could convert into 82M new shares, equal to 35.0% of the current share count, with 0% in the money at present; the nearest expiry is January 2028. At the March 2026 quarter the company reported A$487K in available cash, equivalent to 0.7 quarters of funding at its recent spending rate. No proposed securities issues (Appendix 3B) are pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
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35.0%
Max option dilution
0.0%
ITM option dilution
2
Raises · last 12 months
0.7 qtrs
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 235.3M per ASX (delayed) (28 July 2026).
131.9M169.8M207.8MDec 24Sept 25July 26Cash raise · 21 Apr 2026Cash raise · 22 Aug 2025

Cash runway

0.7 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$487k available cash at quarter ended 31 Mar 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds.
Paid plan
Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 31 Mar 2026.
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Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityTotal on issue afterSource
29 Apr 20262A · quoted issueBSN : ORDINARY FULLY PAID235.3MAppendix 2A
23 Oct 20253G · unquotedBSN : ORDINARY FULLY PAID141.1MAppendix 3G
23 Oct 20253G · unquotedBSN : ORDINARY FULLY PAID141.1MAppendix 3G
23 Oct 20252A · quoted issueBSN : ORDINARY FULLY PAID172.8MAppendix 2A
23 Oct 20253G · unquotedBSN : ORDINARY FULLY PAID141.1MAppendix 3G
Paid plan
Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

2 cash raises in the last 24 months · 2 in the last 12 months

$1.1M
Capital raise
21 Apr 2026
Paid plan
Full raise history
Issue price, discount, brokers, purpose and tranche detail for every raise on record.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

35.0%
Total overhang · of current shares
0.0%
In the money · at current price
82.4M
Potential new shares
Jan 2028
Nearest expiry
Paid plan
Per-line options & expiry cliffs
Each option line — code, strike, expiry, quantity and ITM value — plus the expiry-cliff chart.
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Director dealings

DateDirectorTypeSharesOptionsValueSource
23 Oct 2025Cory BelykOther———3Y notice
23 Oct 2025Matthew O'KaneOther200k2.0M—3Y notice
23 Oct 2025Andrew MoorhouseOther750k——3Y notice
Paid plan
Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

Free account
Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
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Latest announcements

22 June 2026$PNewmans Drilling Defines 3.3 Km Magnet REE Corridor
12 June 2026Investor Presentation
8 June 2026$PTenement Application Expands Newmans Rare Earth Target Area
5 June 2026Results of Meeting
27 May 2026$PHigh grade rare earth mineralisation confirmed at Newmans
13 May 2026Change in substantial holding
4 May 2026Change in substantial holding
1 May 2026Change in substantial holding
30 Apr 2026$PQuarterly Activities Report
30 Apr 2026$PQuarterly Appendix 5B Cash Flow Report
29 Apr 2026Notice of General Meeting/Proxy Form
29 Apr 2026Cleansing Notice
29 Apr 2026Application for quotation of securities - BSN
23 Apr 2026$PDrilling Commenced At Newmans Prospect
23 Apr 2026Proposed issue of securities - BSN
23 Apr 2026$PStrategic Investors Lead Financing to Advance Exploration
21 Apr 2026$PTrading Halt
19 Mar 2026$P$349k Government Funding To Fast-Track Sybella-Barkly
3 Mar 2026Half Yearly Report and Accounts
26 Feb 2026$PDefinitive agreement for the sale of the Marshall project

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 July 2026.