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Basin Energy Limited (ASX:BSN)

ALERT: Price-sensitive ASX Announcement for BSN
Current share price for BSN : $0.030 -0.007 (-18.92%)+
Announcement
Release
30 Apr 2026 1:29PM
Price at Release
$0.037
Full Release
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Summary
Basin Energy Limited's Quarterly Appendix 5B Cash Flow Report for the period ending on 31 March 2026 details the company's cash flow activities. The report highlights cash outflows from exploration and evaluation, staff costs, and administration costs, with significant expenditures on exploration and evaluation activities being capitalized. The report also notes that the company received proceeds from issues of equity securities. At the quarter's end, the company reported a decrease in cash and cash equivalents, closing at AUD 262,000. The report includes details on financing activities, payments to related parties, and estimated cash availability for future operations, indicating that additional funding actions, including grants and equity placements, were completed to support ongoing operations.
Key Points
  • Basin Energy Limited reported negative net cash flow from operating activities of AUD 182,000 for the current quarter.
  • The company capitalized AUD 480,000 in exploration and evaluation activities during the quarter.
  • Net cash used in investing activities amounted to AUD 480,000.
  • The company raised AUD 1.1 million through a placement completed on 29 April 2026.
  • Cash and cash equivalents at the end of the quarter were AUD 262,000.
  • No proceeds from loans or borrowings were reported.
  • The company received AUD 349,000 in government grants during the quarter.
  • Estimated available funding covers less than half of the next quarter's outgoings, prompting additional funding measures.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.