Companies / BTE

BOTALA ENERGY LTD

ASX:BTEEnergy
390.2M shares on issueASX (delayed) · snapshot 11 Sept 2026461.1M fully diluted+18.2% if every option and right converts$0.070price · delayed$27.3Mmarket cap · indicative

Today’s holders own 84.6% of what they think they own, once every option and right converts.

Very high
Dilution risk

Runway under 2 quarters; share count grew 92% in 24 months; 7 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway0.5 quarters of funding
Share-count growth (24m)92.4%measured to the latest Appendix 2A, not to the share count above
Raise cadence (24m)7 cash raises
Options & rights overhang18.2% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

BOTALA ENERGY LTD's ordinary share count grew 92.4% between August 2024 and April 2026, reaching 390M shares. In the past 24 months, the company raised capital seven times for total disclosed proceeds of A$9.2M, most recently a A$1.4M placement in April 2026. Options and rights on issue could convert into 71M new shares, representing 18.2% of the current share count; the nearest expiry falls in December 2027. As of the June 2026 quarter, the company held A$567K in available cash, sufficient for approximately 0.5 quarters of operations. There are no pending proposed issues.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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18.2%
Options & rights overhang
0.0%
In-the-money supply
3
Raises · last 12 months
0.5 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 390.2M per ASX (delayed) (snapshot 11 Sept 2026).
250M300M350M400MDec 24Oct 25Sept 26Cash raise · 19 Apr 2026Cash raise · 1 Feb 2026Cash raise · 22 Dec 2025Cash raise · 13 Aug 2025Cash raise · 19 June 2025Cash raise · 11 Apr 2025390.2M

Cash runway

0.5 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
The latest quarterly report funded operations to about Aug 2026 — that date has passed, and no later report is on record.
$554k cash after burn from the quarter ended 30 June 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds. Filed with the quarterly report: $1.5M cash at quarter end (item 4.6), 1.4 qtrs of funding on the company’s own estimate. Our figure above carries the filed quarter-end balance forward at the reported spend rate and adds announced raise proceeds.
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11 quarters on record — Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 30 June 2026.
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Issuance timeline

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

DateFormSecurityOn issue, per this filingSource
14 July 20263G · unquotedBTE : ORDINARY FULLY PAID390.2MAppendix 3G
20 Apr 20262A · quoted issueBTE : ORDINARY FULLY PAID366.0MAppendix 2A
17 Apr 20262A · quoted issueBTE : ORDINARY FULLY PAID361.2MAppendix 2A
17 Apr 20263G · unquotedBTE : ORDINARY FULLY PAID337.0MAppendix 3G
13 Mar 20262A · quoted issueBTE : ORDINARY FULLY PAID337.0MAppendix 2A
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39 filings on record — Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

7 cash raises in the last 24 months · 3 in the last 12 months

every 3 monthsaverage gap between raises
4.8 monthssince the most recent
16 Oct 2024 – 19 Apr 2026first to most recent in this window
$1.4M
Placement
19 Apr 2026
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9 raises on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
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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.

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4 dated events on record — Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
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Placement capacity

How much stock a company can place without asking holders. Listing Rule 7.1 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.

About 29% of the 15% placement capacity left — about 71% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-09-12). Holder-approved issues and any later ratification are not deducted, so the true headroom can be higher.
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Placement capacity — LR 7.1 / 7.1A
The filings behind the figure: every Appendix 3B in the window with what it says was issued under 7.1 and 7.1A, each row linked to its filing, and how many shares are left.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

18.2%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
71.0M
Potential new shares
Dec 2027
Nearest expiry
What a price move would switch on
35.5M71.0M$0.070 now0.25× today ($0.018) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.035) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.053) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.070) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.088) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.105) — 71.0M of the priced supply in the money, 18.2% of shares on issue2× today ($0.140) — 71.0M of the priced supply in the money, 18.2% of shares on issue3× today ($0.210) — 71.0M of the priced supply in the money, 18.2% of shares on issue5× today ($0.350) — 71.0M of the priced supply in the money, 18.2% of shares on issue10× today ($0.700) — 71.0M of the priced supply in the money, 18.2% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.070 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 1.5× 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.
CodeSecurityTypeExercise priceExpiryOn issueSource
BTEALOptionsPrice-triggered$0.106 Dec 20276.3MFiling
BTEAMOptionsPrice-triggered$0.1024 Dec 202710.3MFiling
BTEAOOptionsPrice-triggered$0.1031 Jan 202832.5MFiling
BTEANOptionsPrice-triggered$0.1022 Dec 202821.9MFiling

“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.

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4 option lines on record — In-the-money value & price ladder
What each line is worth in the money today, the price ladder to the next tranche that converts, and the filing description behind every code.
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Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
17 Apr 2026Craig BassonOther432k216k—$22k3Y notice
17 Apr 2026Peter Desmond GrantOther300k150k—$15k3Y notice
17 Apr 2026Wolf-Gerhard MartinickOther104.9M12.9M—$1.2M3Y notice
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11 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

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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

7 Sept 2026$PBotala secures expansion over prospective Serowe CBM Fairway
19 Aug 2026$PSerowe CBM Project Update
2 Aug 2026$PSerowe CBM Project Update
31 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
21 July 2026Noosa NightCaps Presentation
19 July 2026$PSuccessful Stimulation
14 July 2026Notification regarding unquoted securities - BTE
7 July 2026$PPositive Permeability Results
30 June 2026Appointment of Rory Burn as Chief Financial Officer
14 June 2026$PSerowe CBM Project Update
1 June 2026$PSerowe CBM Project Update
28 May 2026$PSerowe CBM Project Update
3 May 2026$PReplacement Response to ASX Price Query
1 May 2026$PResponse to ASX Price Query
29 Apr 2026$PSerowe CBM Project Update
28 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
24 Apr 2026Change in substantial holding from P1E
24 Apr 2026Becoming a substantial holder
22 Apr 2026Change in substantial holding - WGM
22 Apr 2026Change of Director's Interest Notice - CB

Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.