BME - Black Mountain Energy

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Black Mountain Energy Ltd is a public natural gas company focused on developing low-CO2 unconventional gas resources in Western Australia (ie. gas produced in a means that is comparatively lower in carbon emissions than current producers). Black Mountain Energy’s key asset is a 100% working interest in EP 371 located in the Fitzroy Trough in the Canning Basin, Western Australia.

The Company is focused on developing early-stage, unconventional gas resources within its portfolio (comprising EP 371). The Board believes that there is considerable opportunity for it to commercialise the Prospective Resources in its assets due to the current climate of the gas industry, in general, and the supply and demand fundamental assessment in Australia specifically.

It is anticipated that BME will list on the ASX during December 2021.

Black Mountain Energy

High-Growth Upstream Energy Opportunities

blackmountainenergy.com

 

[Dona Ferentes]

Listing date	13 December 2021 12:30 PM AEDT ##
Contact details	https://blackmountainenergy.com/ Ph: +61 8 9200 1685
Principal Activities	Oil and gas exploration
GICS industry group	TBA
Issue Price	AUD 0.20
Issue Type	Ordinary Fully Paid Shares
Security code	BME
Capital to be Raised	$11,000,000
Expected offer close date	27 November 2021
Underwriter	Not underwritten. Foster Stockbroking Pty Limited and CPS Capital Group Pty Ltd (Joint Lead Managers).

 

[Dona Ferentes]

low-CO2 unconventional gas resources in Western Australia (ie. gas produced in a means that is comparatively lower in carbon emissions than current producers

and why not hitch a ride on a hopeful outsider ? Had to laugh, actually, because of the aspirational (low CO2) and the reality (unconventional = tight sand or shale = fracking)

and the website tells it all. .. bring N American experience to the Aussie olipatch

Bringing North American Expertise to the Australian Shale Revolution

We’ve developed an unconventional drilling approach for low-impact, low-risk, carbon neutral natural gas.

good luck to whoever thinks it's going to make them rich

 

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On March 15th, 2024, Black Mountain Energy Ltd (BME) was removed from the ASX's Official List, under Listing Rule 17.11 at the request of BME, after security holders resolved to remove BME from the Official List.