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Top End Energy Limited
(Sydney:TEE)
Top End Energy Limited (TEE) vs. iShares MSCI Australia ETF (EWA)
Top End Energy Limited Business Overview & Revenue Model
Top End Energy Limited Financial Statement Overview
| Breakdown | |||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|
| Income Statement | Total Revenue | ||
| 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| 0.00 | -22.50K | -135.00K | -67.50K | EBIT |
| -882.08K | -1.97M | -2.06M | -4.71M | EBITDA |
| -868.71K | -3.17M | -1.84M | -4.64M | Net Income Common Stockholders |
| -870.82K | -3.19M | -1.68M | -4.72M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||
| 2.76M | 2.72M | 3.63M | 5.41M | Total Assets |
| 4.29M | 3.03M | 4.20M | 5.95M | Total Debt |
| 35.59K | 0.00 | 0.00 | 3.87K | Net Debt |
| -2.72M | -2.72M | -3.63M | -5.40M | Total Liabilities |
| 561.25K | 684.23K | 477.93K | 361.93K | Stockholders Equity |
| 3.73M | 2.34M | 4.00M | 5.58M |
| Cash Flow | Free Cash Flow | ||
| -1.08M | -2.84M | -1.74M | -1.05M | Operating Cash Flow |
| -1.08M | -1.69M | -1.53M | -1.05M | Investing Cash Flow |
| -1.11M | -1.15M | -206.16K | -23.81K | Financing Cash Flow |
| 2.22M | 1.93M | -46.37K | 6.20M |
Top End Energy Limited Technical Analysis
Top End Energy Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
58 Neutral | $7.47B | 3.50 | -4.45% | 10.05% | 0.81% | -49.42% | |
47 Neutral | AU$11.62M | 56.67 | -5.62% | ― | -12.53% | -237.50% | |
40 Underperform | AU$12.03M | ― | -1.86% | ― | ― | 89.19% | |
39 Underperform | AU$9.93M | ― | -69.10% | ― | ― | 79.49% | |
31 Underperform | AU$14.52M | ― | -91.15% | ― | ― | -70.43% | |
| $10.92M | ― | -6.63% | ― | ― | ― | ||
39 Underperform | AU$15.11M | ― | -35.55% | ― | 10.08% | 25.00% |
Top End Energy Limited Corporate Events
Top End Energy Limited has completed the acquisition of Serpentine Energy Pty Ltd, expanding its leasehold in Kansas to over 25,000 acres, with plans to reach 30,000 acres. The company is advancing its position as a leader in the U.S. natural hydrogen sector, focusing on pre-drill initiatives and strategic partnerships. In Australia, TEE is progressing its exploration activities in the Northern Territory, aligning with regional developments and leveraging strategic infrastructure advantages. The appointment of Luke Velterop as CEO is expected to strengthen the company’s leadership in both traditional and emerging energy sectors.
Top End Energy Limited reported its quarterly cash flow, highlighting a net cash outflow from operating and investing activities. Despite these outflows, the company secured significant financing through equity securities, resulting in a net increase in cash and cash equivalents, which may bolster its exploration endeavors and financial stability.
Top End Energy Limited has been awarded an operating license for its Serpentine Natural Hydrogen Project in Kansas, marking a significant step towards operational readiness. This license allows the company to initiate exploration operations and submit drilling permit applications, positioning it to optimize its drilling approach by learning from regional exploration activities. The supportive regulatory environment in Kansas and ongoing exploration efforts are expected to de-risk the project, potentially enhancing the company’s market position in natural hydrogen exploration.
Top End Energy Limited has announced the release of 16,470,000 shares from voluntary escrow restrictions, effective 17 April 2025. This move is intended to facilitate the orderly sale of these shares, which were initially subject to escrow until May and August 2025, as per a previous share sale agreement.
Top End Energy Limited announced the cessation of 500,000 restricted performance rights due to the lapse of conditions that were not met or became incapable of being satisfied. This development may impact the company’s capital structure and could have implications for stakeholders regarding the company’s ability to meet certain performance targets.
Top End Energy Limited has released its second quarter outlook, emphasizing its ongoing business activities and future projections. The company highlights potential risks and uncertainties that may impact its performance, such as changes in commodity prices and economic conditions. Stakeholders are advised to consider these factors carefully, as the company’s actual performance may differ from current projections.
Top End Energy Limited has announced a change in the director’s interest, specifically involving Patrick Burke. The company disclosed that Burke, through Rowan Hall Pty Ltd, acquired 600,000 fully paid ordinary shares, bringing his total to 1,000,000 shares, with no disposals reported. This transaction was conducted through an on-market trade and reflects an investment of $48,020. The change in shareholding could indicate confidence in the company’s future performance and may influence stakeholder perceptions.
Top End Energy Limited has appointed Luke Velterop as its new CEO, effective immediately. Velterop, who joined the company through the acquisition of Serpentine Energy, brings extensive experience in the natural hydrogen sector and a background in geology and oil and gas operations. His appointment is expected to drive the company’s growth in the natural hydrogen sector, aligning with its strategic vision to capitalize on clean energy opportunities. Velterop’s significant shareholding in the company underscores his commitment to its long-term success.
Top End Energy Limited has announced a change in the substantial holding of its shares. Luke Velterop and Vestigo Pty Ltd have increased their voting power from 6.96% to 9.46% through the conversion of performance rights into shares. This change in shareholding could potentially impact the company’s governance and decision-making processes, as well as influence its market perception among investors.
Top End Energy Limited has announced the issuance of 7,500,000 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) under the code TEE. This move is part of the company’s strategy to enhance its market presence and operational capabilities, potentially impacting its position within the energy sector and offering new opportunities for stakeholders.
Top End Energy Limited has commenced an independent assessment of prospective resources for its Serpentine Natural Hydrogen Project in Kansas, USA. The assessment, led by Teof Rodrigues & Associates, aims to guide well site selection and communicate resource potential to investors and stakeholders. This strategic initiative is expected to enhance the company’s project development and strategic planning, with key findings anticipated in Q2 2025.
Top End Energy Limited has announced the selection of its first well site for the Serpentine Natural Hydrogen Project in Kansas, USA. The site selection is based on structural features and data from Koloma’s exploration drilling. The company is advancing its pre-drill preparations, including securing surface use agreements and engaging consultants for well engineering. This development marks a significant step towards becoming drill-ready, with the potential to enhance the company’s position in the natural hydrogen industry.
Top End Energy Limited has released its interim report for the period ending December 31, 2024. The company, which is listed on the Australian Securities Exchange under the codes TEE and TEEO, has provided details of its corporate directory including its directors, joint company secretaries, registered office, share register, auditor, solicitors, and website. This release is a standard corporate update and does not include any forward-looking statements or specific operational insights.
Top End Energy Limited has announced a significant expansion of its lease holdings at the Serpentine Natural Hydrogen Project in Kansas, increasing its acreage by 25%. This strategic move positions the company advantageously in a competitive leasing environment driven by a global interest in natural hydrogen exploration. The expansion supports TEE’s goal of reaching 30,000 acres by the second quarter of 2025, enabling a more cohesive approach to future drilling and operational planning. The company is advancing its pre-drill strategy with technical appointments and prioritizing well site selection, underscoring its commitment to maintaining a competitive edge in the burgeoning natural hydrogen sector.
Top End Energy Limited has announced a new issuance of listed options that will expire on January 31, 2028, with an exercise price of $0.15. This issuance of 61,262,500 securities signifies a strategic move to enhance capital and potentially expand its operations, reinforcing its position in the energy market and offering new opportunities for investors.
Top End Energy Limited has released a holdings range report detailing the distribution of its security class TEEUOPT05. The report reveals that the majority of the issued share capital, 98.30%, is concentrated among holders with more than 100,000 units. This distribution suggests a significant concentration of ownership, which could impact the company’s market behavior and stakeholder dynamics.
Top End Energy Limited, an Australian company, has released a report detailing the top 20 shareholders holding a significant portion of its issued capital. Rowan Hall Pty Ltd is the largest shareholder, controlling 16.32% of the company’s shares, followed by Serpentine International Pty Ltd with 12.69%. The report provides a comprehensive overview of the company’s shareholder structure, accounting for 90.02% of the total issued capital.
Top End Energy Limited has announced that Luke Velterop and Vestigo Pty Ltd have become substantial shareholders in the company, holding a 6.96% voting power through 18,909,000 fully paid ordinary shares. This acquisition was made as part of the consideration for acquiring Serpentine Energy Pty Ltd, indicating a strategic move that could enhance Top End Energy Limited’s market position and influence within the energy sector.