BOTALA ENERGY LTD
ASX:BTEEnergyToday’s holders own 84.6% of what they think they own, once every option and right converts.
Runway under 2 quarters; share count grew 86% in 24 months; 6 cash raises in 24 months
BOTALA ENERGY LTD's ordinary share count grew 86.1% between September 2024 and April 2026, its latest share-count filing, to 390M shares. The company completed six capital raises in that period for total disclosed proceeds of A$7.4M, most recently a A$1.4M placement in April 2026. Options and rights could convert into 71M new shares (18.2% overhang), none in the money; the nearest expiry is December 2027. No funding-runway figure applies because the reported cash would have been used up at the then spend rate and no later cash report is on record. Two proposed securities issues (Appendix 3B) are pending, with the nearest expected in November 2026.
Quick answers · 4
Why was BTE in a trading halt?
Botala Energy requested a trading halt on 21 Oct 2026, giving the reason "Pending announcement regarding a proposed capital raising". Trading was expected to resume 23 Oct 2026.
Is BTE raising capital?
Botala Energy has 2 proposed issues of securities pending under Appendix 3B as at 28 Oct 2026; the most recent raise announced is Placement of $1.4M on 20 Apr 2026.
How much cash does BTE have?
In its quarterly cash report for the quarter ended 30 June 2026, Botala Energy reported $1.5M of cash and estimated 1.4 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do BTE's options expire?
Unexercised options and rights equal 18.2% of Botala Energy's shares on issue; the nearest expiry is Dec 2027.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 14 July 2026 | 3G · unquoted | BTE : ORDINARY FULLY PAID | 390.2M | Appendix 3G |
| 20 Apr 2026 | 2A · quoted issue | BTE : ORDINARY FULLY PAID | 366.0M | Appendix 2A |
| 17 Apr 2026 | 2A · quoted issue | BTE : ORDINARY FULLY PAID | 361.2M | Appendix 2A |
| 17 Apr 2026 | 3G · unquoted | BTE : ORDINARY FULLY PAID | 337.0M | Appendix 3G |
| 13 Mar 2026 | 2A · quoted issue | BTE : ORDINARY FULLY PAID | 337.0M | Appendix 2A |
Securities on issue over time
Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.
Capital raises
6 cash raises in the last 24 months · 3 in the last 12 months
Forward supply
Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.
Placement capacity
How much stock a company can place without asking holders. Listing Rule 7.1 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
At $0.050 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 3× today’s price, which takes it to 71.0M (18.2% of shares).
- Priced supply in the money at the price on the axis — the curve, and the only thing on it. Ten prices, sampled: between two of them the true figure lies between the two.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| BTEAL | Options | Price-triggered | $0.10 | 6 Dec 2027 | 6.3M | Filing |
| BTEAM | Options | Price-triggered | $0.10 | 24 Dec 2027 | 10.3M | Filing |
| BTEAO | Options | Price-triggered | $0.10 | 31 Jan 2028 | 32.5M | Filing |
| BTEAN | Options | Price-triggered | $0.10 | 22 Dec 2028 | 21.9M | Filing |
“Nil” is a stated nil exercise price: nothing is paid to convert. An em dash means the filing names no exercise price at all. Security is read from the filing’s own class description; an em dash there means the description is not one this table labels. One row is one security class, at the number stated in the most recent quotation application that restated it — linked, and dated, in the last column. For what expires soon across other listed companies, see the options expiry calendar.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 17 Apr 2026 | Craig Basson | Other | 432k | 216k | — | $22k | 3Y notice |
| 17 Apr 2026 | Peter Desmond Grant | Other | 300k | 150k | — | $15k | 3Y notice |
| 17 Apr 2026 | Wolf-Gerhard Martinick | Other | 104.9M | 12.9M | — | $1.2M | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.