Companies / VEN

VINTAGE ENERGY LTD

ASX:VENEnergy
2.44B shares on issueASX (delayed) · snapshot 11 Sept 20263.71B fully diluted+51.9% if every option and right converts$0.002price · delayed$4.9Mmarket cap · indicative

Today’s holders own 65.8% of what they think they own, once every option and right converts.

Moderate
Dilution risk

Share count grew 46% in 24 months; 3 cash raises in 24 months; options/rights overhang 52% of shares

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway15.1 quarters of funding
Share-count growth (24m)46.2%
Raise cadence (24m)3 cash raises
Options & rights overhang51.9% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

VINTAGE ENERGY LTD's ordinary share count grew 46.2% between May 2024 and July 2026, reaching 2.44B shares. The company completed three capital raises in the past 24 months, totalling A$3.9M, with the latest being an A$1.4M entitlement offer in March 2026. Options and rights outstanding could convert into 1.27B new shares, representing 51.9% of the current share count. The nearest expiry for these options is March 2027, and none are currently in the money. As of June 2026, the company held A$3.8M in available cash, which could cover approximately 15.1 quarters of its recent operational expenses. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 4 Sept 2026
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51.9%
Options & rights overhang
0.0%
In-the-money supply
1
Raises · last 12 months
15.1 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. Latest count 2.44B per ASX (delayed) (snapshot 11 Sept 2026).
1.75B2.00B2.25B2.50BDec 24Oct 25Sept 26Cash raise · 17 Mar 2026Cash raise · 29 Apr 2025Cash raise · 30 Jan 20252.44B

Cash runway

15.1 qtrs
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.
$3.8M 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: $4.0M cash at quarter end (item 4.6), 5.4 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
10 July 20262A · quoted issueVEN : ORDINARY FULLY PAID2.44BAppendix 2A
10 July 20263G · unquotedVEN : ORDINARY FULLY PAID2.44BAppendix 3G
26 June 20262A · quoted issueVEN : ORDINARY FULLY PAID2.44BAppendix 2A
26 June 20263G · unquotedVEN : ORDINARY FULLY PAID2.41BAppendix 3G
11 June 20262A · quoted issueVEN : ORDINARY FULLY PAID2.41BAppendix 2A
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30 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

3 cash raises in the last 24 months · 1 in the last 12 months

every 6.8 monthsaverage gap between raises
5.9 monthssince the most recent
30 Jan 2025 – 17 Mar 2026first to most recent in this window
$1.4M
Entitlement Offer
17 Mar 2026 COMPLETE
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3 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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3 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.

No Appendix 3B in the last 12 months reports an issue under the 15% placement capacity (as at 2026-09-12).
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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

51.9%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
1.27B
Potential new shares
Mar 2027
Nearest expiry
What a price move would switch on
632.8M1.27B$0.0020 now0.25× today ($0.0005) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.0010) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.0015) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.0020) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.0025) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.0030) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.0040) — 0 of the priced supply in the money, 0.0% of shares on issue3× today ($0.0060) — 706.8M of the priced supply in the money, 29.0% of shares on issue5× today ($0.0100) — 1.21B of the priced supply in the money, 49.5% of shares on issue10× today ($0.0200) — 1.21B of the priced supply in the money, 49.5% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.0020 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 706.8M (29.0% 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.
  • 58.8M more carries an exercise price above ten times today’s — off the right of this axis, and in every total on this page.
CodeSecurityTypeExercise priceExpiryOn issueSource
VENAQOptionsPrice-triggered$0.0097 Mar 2027437.4MFiling
VENAROptionsPrice-triggered$0.0097 June 202762.6MFiling
VENATOptionsPrice-triggered$0.00524 Apr 2028706.8MFiling
VENAKWarrantsPrice-triggered$0.17—58.8MFiling

“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
26 June 2026Neil GibbinsBuy entitlement/SPP15.5M31.0M——3Y notice
26 June 2026Reginald George NelsonBuy entitlement/SPP14.8M29.7M——3Y notice
24 Apr 2026Neil GibbinsBuy entitlement/SPP9.5M19.0M——3Y notice
24 Apr 2026Reginald George NelsonOther entitlement/SPP10.1M20.3M——3Y notice
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7 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

31 July 2026Response to ASX Appendix 3Y Query
31 July 2026Response to ASX Appendix 3Y Query
29 July 2026$PFY26 Q4 Quarterly Report & Appendix 5B
27 July 2026Change of Director Interest Notice
27 July 2026Change of Director Interest Notice
13 July 2026Shortfall Offer closure this week
13 July 2026Vale Nick Smart
10 July 2026Notification regarding unquoted securities - VEN
10 July 2026Application for quotation of securities - VEN
26 June 2026Notification regarding unquoted securities - VEN
26 June 2026Application for quotation of securities - VEN
24 June 2026General Meeting Poll Results
15 June 2026$PAgreements signed for $5 million grants
11 June 2026Notification regarding unquoted securities - VEN
11 June 2026Application for quotation of securities - VEN
28 May 2026Addendum to Notice of Meeting
26 May 2026Notice of General Meeting
22 May 2026Initial Director's Interest Notice
22 May 2026Notification regarding unquoted securities - VEN
22 May 2026Application for quotation of securities - VEN

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