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High Peak Royalties Limited (ASX:HPR)

ALERT: Price-sensitive ASX Announcement for HPR
Current share price for HPR : $0.092 0.024 (35.29%)+
Announcement
Release
31 Jul 2025 3:15PM
Price at Release
$0.068
Full Release
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Summary
High Peak Royalties Limited’s June Quarterly Appendix 5B and Activities Report outlines the company’s financial and operational performance for the quarter ended 30 June 2023. HPR maintains royalty interests in a diversified portfolio of oil and gas projects, with key assets in the Amadeus, Surat, and Bass Basins. The company reported ongoing stable production from its main royalty assets and continued to identify potential new acquisition opportunities while keeping a conservative cash management approach. No material changes or significant events impacted the business during the quarter, and financial results reflect steady royalty revenues and controlled expenditure.
Key Points
  • High Peak Royalties Limited released its June Quarterly Appendix 5B and Activities Report.
  • During the quarter, High Peak Royalties (HPR) reported net cash used in operating activities of $189,000 and a net decrease in cash of $252,000, with a closing cash balance of $1.2 million.
  • The company holds royalty interests in more than 20 oil and gas projects across Australia and internationally, with a focus on passive income generation.
  • Key assets include royalties in the Amadeus Basin (Dingo Gas Field and Mereenie Oil & Gas Field), Surat Basin, and the Bass Basin Yolla Gas Project.
  • The Dingo Gas Field continued to produce gas under contract to the Power and Water Corporation, while the Mereenie Oil & Gas Field maintained stable production.
  • There was ongoing exploration and development work in the Surat Basin by operators, with HPR holding royalties over various permits.
  • HPR continues discussions regarding potential acquisition opportunities and maintains a conservative financial position.
  • The company did not make any significant investments or divestments during the quarter.
  • Payments to related parties and their associates totaled $56,000, covering director fees.
  • No significant changes in business activities or events materially impacting operations were reported during the quarter.
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.