Companies / FEL

FORTE ENERGY LIMITED

ASX:FELEnergy
866.0M shares on issueASX (delayed) · snapshot 28 Oct 2026$0.006price · delayed$5.2MMarket capAt the previous close. On a day the price moves, shares × today’s price will differ. Prices delayed.
Minimal
Dilution riskprovisional — limited history

No options register on record, so the overhang is unknown; no issuance filings since 2024; no pressure signals in the other disclosures; since relisting as FEL; prior history under IPB not included

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway12+ quarters of funding
Share-count growth (24m)0.0%no issuance filings since 2024; since relisting as FEL; prior history under IPB not included
Raise cadence (24m)0 cash raisessince relisting as FEL; prior history under IPB not included
Options & rights overhangno data — no options register on record
In-the-money supplyno data — no options register on record
Pending proposed issuesnone

FORTE ENERGY LIMITED renamed from IPB in February 2026, and the figures below cover only the period since that rename. No share-issuance (Appendix 2A) filings are on record for that window, so no share-count movement is available. The company has not raised capital in the past 24 months. No options or rights overhang data is disclosed. Available cash provides more than 4 quarters of funding at the recent spend rate. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 17 Oct 2026
Quick answers · 1

How much cash does FEL have?

In its quarterly cash report for the quarter ended 30 June 2026, Forte Energy reported $1.7M of cash and estimated 15.9 quarters of funding available at its current rate of spending. That is the company's own estimate.

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Options & rights overhang
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In the moneyAn option whose exercise price is below the last closing share price, so converting it pays. These are the options most likely to become new shares soon. supply
0
Raises · last 12 months
12+ qtrs
Cash cover · over 4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Shown since relisting as FEL (16 Feb 2026); prior history under IPB is not included. Latest count 866.0M per ASX (delayed) (snapshot 28 Oct 2026).
860M865M870MFeb 26June 26Oct 26866.0M

Cash runway

12+ qtrs OURS
More than four quarters of funding at the recent spend rate.
More than three years of funding at the reported spend rate — far enough out that a dated estimate would be false precision.
$1.5M cash after burn.
FILED 15.9 qtrs · $1.7M cash · quarter ended 30 June 2026
OURS our estimate, carried to todayOURSOur estimate for today. We take the cash in the company’s latest cash report, deduct spending since at its reported rate, and, for quarterly filers, add raises announced after it. It moves daily; announced money may not all be received yet.$1.7M cash at 30 Jun 2026 − $0.2M spent ($105k a quarter × 120 days) = $1.5M left → 12+ qtrsFILED as the company reportedFILEDAs the company stated it in its latest cash report. Dated to the end of that period, it does not change until the next report.
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2 cash reports on record — Cash runway history
Cash, net spend and cover trend from every Appendix 4C/5B and 4D/4E on record up to 30 June 2026.
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Issuance timeline

Latest 0 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)

No issuance filings (Appendix 2A / 3G / 3H) on record.
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Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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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.

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Securities on issue, by class
How the share count and each option and rights class moved, month by month, with every number in a table.
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Capital raises

No equity raises on record since relisting as FEL (16 Feb 2026); prior history under IPB is not included.
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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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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 / 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.

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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

No options register on record. We hold no current Appendix 2A quotation filing for this company, so the overhang above is unknown rather than zero.

Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
15 Oct 2026Dougal James FergusonBuy on-market1.0M—20.0M$5k3Y notice
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1 notice 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

19 Oct 2026Change of Director's Interest Notice - DF
9 Oct 2026Date of AGM and Closing Date for Director Nominations
30 Sept 2026Appendix 4G and Corporate Governance Statement
30 Sept 2026Annual Report to Shareholders
22 Sept 2026Uodated Securities Trading Policy
14 Sept 2026$PExtension Granted for WA-424-P
31 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
1 July 2026Executive Team Update
13 May 2026Investor Presentation
30 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
23 Mar 2026$PAWARD OF HIGHLY PROSPECTIVE ALASKAN LEASES
19 Mar 2026$PTrading Halt
13 Mar 2026Half Year Report
13 Mar 2026$PAlaskan Oil Lease Acquisition Completed

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