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Whitebark Energy Ltd
(Sydney:H3E)
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Rating:43Neutral
Price Target:
AU$0.01
â–²(0.00% Upside)
Action:Reiterated
Date:08/04/26
The score is driven primarily by very weak financial performance—multi-year losses, revenue deterioration to near-zero levels in 2024–2025, ongoing negative operating/free cash flow, and negative equity indicating elevated solvency risk. Valuation is also constrained by a negative P/E due to losses and no provided dividend yield, while technical assessment is limited because key indicators are missing.
Positive Factors
Low absolute debt
Modest absolute debt reduces immediate refinancing and interest burden, giving the company more runway despite operating losses. Over months this lowers liquidity pressure and increases optionality for asset sales or secured financing to support exploration or restart production.
Negative Factors
Negative equity / solvency risk
Negative shareholders' equity reflects accumulated losses exceeding capital, constraining the company's ability to raise equity and increasing bankruptcy risk if losses persist. Over the coming months this weakens creditor confidence and limits financing options, pressuring strategic flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Low absolute debt
Modest absolute debt reduces immediate refinancing and interest burden, giving the company more runway despite operating losses. Over months this lowers liquidity pressure and increases optionality for asset sales or secured financing to support exploration or restart production.
Read all positive factors
Whitebark Energy Ltd (H3E) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$8.04M
Dividend YieldN/A
Average Volume (3M)9.55M
Price to Earnings (P/E)―
Beta (1Y)-0.33
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
Employees8
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,340,762,700
10 Day Avg. Volume9,548,838
30 Day Avg. Volume9,548,838
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Whitebark Energy Ltd Business Overview & Revenue Model
Company Description
H3 Energy Limited engages in the exploration, development, and production of oil and gas properties in Australia and Canada. The company holds 100% interests in the Warro Gas Project situated in north of Perth, Western Australia, as well as in the...
How the Company Makes Money
null...
Whitebark Energy Ltd Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
28
Negative
Cash Flow
15
Very Negative
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Whitebark Energy Ltd Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
49 Neutral | AU$7.53M | 10.00 | 3.55% | ― | -17.60% | ― | |
47 Neutral | AU$7.77M | -5.00 | -8.70% | ― | -92.63% | -8.33% | |
43 Neutral | AU$8.04M | -0.88 | 109.14% | ― | ― | ― | |
42 Neutral | AU$8.17M | -1.67 | -1488.75% | ― | ― | 31.67% | |
42 Neutral | AU$6.32M | -2.00 | -5.53% | ― | -100.00% | 55.30% | |
40 Underperform | AU$6.75M | -0.56 | -67.59% | ― | 5.65% | 1.22% |
* Energy Sector Average
AU:H3E
Whitebark Energy Ltd
0.01
0.00
0.00%
AU:PV1
Provaris Energy Ltd
0.01
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-54.55%
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State Gas Ltd.
0.01
-0.01
-50.00%
AU:SHE
Stonehorse Energy Ltd
0.01
<0.01
10.00%
AU:PGY
Pilot Energy Limited
0.05
-0.04
-44.33%
AU:HE8
Helios Energy Ltd
0.01
-0.01
-50.00%
Whitebark Energy Ltd Corporate Events
Whitebark Energy Director Discloses Internal Off-Market Share Transfer
Aug 4, 2026
Whitebark Energy Ltd has reported a change in director Mark Lindh’s relevant interests in the company’s securities, as required under ASX listing rules. The notice details that his holdings remain at 32,636,026 fully paid ordinary shar...
H3 Energy Shareholders Back Capital Raising and Option Issuance at Extraordinary Meeting
Jul 10, 2026
H3 Energy Limited has reported the outcomes of its 2026 Extraordinary General Meeting held on 10 July, where shareholders voted on a series of capital-related resolutions. The meeting results, released in accordance with ASX Listing Rule 3.13.2 an...
Whitebark Energy Director Boosts Stake Through Off-Market Transfer
Jul 3, 2026
Whitebark Energy has disclosed a significant change in director Mark Lindh’s indirect holdings, reflecting an off-market transfer that substantially increases his stake in the company. Following the transaction, his interest now comprises ov...
H3 Energy Calls Extraordinary Meeting, Urges Early Proxy Voting
Jun 10, 2026
H3 Energy Limited has called an extraordinary general meeting for 10 July 2026 in Adelaide, advising that shareholders registered by the evening of 8 July will be eligible to vote. The company urges investors to read the meeting materials carefull...
H3 Energy Seeks ASX Quotation for 275.5 Million New Listed Options
Jun 9, 2026
H3 Energy Ltd has lodged an application with the ASX for quotation of a new class of listed options, to trade under the code H3EO. The options have an exercise price of $0.015, expire on 15 May 2027, and will comprise 275,500,017 securities to be ...
H3 Energy Issues $1.6m Placement Shares, Confirms Compliance in Cleansing Notice
May 7, 2026
H3 Energy Limited has issued 213,333,334 fully paid ordinary shares at $0.0075 each to sophisticated and professional investors under a placement first announced on 30 April 2026. The shares were issued without a prospectus under section 708A of t...
H3 Energy Seeks ASX Quotation for 3.7 Million New Shares
May 7, 2026
H3 Energy Limited has applied for quotation on the ASX of 3,657,148 ordinary fully paid shares under the code H3E. The new securities, issued on May 6, 2026, form part of previously announced transactions and represent an incremental expansion of ...
H3 Energy Director Increases Stake Through Share Issue in Lieu of Fees
May 6, 2026
H3 Energy Ltd has disclosed a change in director Giustino Guglielmo’s holdings, with his combined direct and indirect interest increasing through the issue of 7.5 million fully paid ordinary shares. These new shares were issued at $0.005 eac...
H3 Energy Director Receives Shares in Lieu of Fees
May 6, 2026
H3 Energy Ltd has disclosed a change in director Rosalind Archer’s interests, with the director acquiring 833,400 fully paid ordinary shares. The shares were issued at $0.005 each in lieu of director fees, following approval by shareholders ...
H3 Energy Seeks ASX Quotation for Over 209 Million New Shares
May 6, 2026
H3 Energy Limited has applied to the Australian Securities Exchange for quotation of 209,676,186 ordinary fully paid shares under the code H3E. The securities are being issued as part of previously announced transactions, signalling a significant ...
H3 Energy Issues Shares to Directors in Lieu of Cash Fees
May 5, 2026
H3 Energy Limited has issued 8,333,400 fully paid ordinary shares at $0.005 per share to its directors in lieu of cash payment for director fees, as previously approved by shareholders at an extraordinary general meeting. The company states that t...
H3 Energy Seeks ASX Quotation for 8.3 Million New Shares
May 5, 2026
H3 Energy Limited has applied for quotation on the ASX of 8,333,400 ordinary fully paid shares, with an issue date of May 4, 2026. The new securities, linked to a previously announced transaction, will expand the company’s quoted share base ...
H3 Energy Plans Placement of 8.3 Million New Shares on ASX
May 4, 2026
H3 Energy Limited has notified the ASX of a proposed issue of up to 8,333,400 ordinary fully paid shares as part of a placement or similar capital-raising transaction. The new shares are scheduled to be issued on 4 May 2026, with the company apply...
H3 Energy Wins WA Grant to Reprocess Warro 3D Seismic Data
May 4, 2026
H3 Energy has secured a A$50,000 grant under Western Australia’s Exploration Incentive Scheme to reprocess the Warro 3D land seismic survey over its wholly owned R7 Permit in the North Perth Basin. The funding, provided through the Departmen...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.