Grand Gulf Energy Ltd (gge) Logo

Grand Gulf Energy Ltd (GGE)

___:___ · Energy
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DIV YIELD
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52 WEEK RANGE

GGE Chart

Snapshot

GGE's Principal Activity is the production, exploration and evaluation of oil and gas leases.

Share Price Activity

Last (Price)
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Bid / Ask -
Volume
Volume (4w avg)
Turnover
Open
Day Range -
VWAP
Prev Close
Last Trade

Performance

1 Week
1 Month
2022 YTD
1 Year
vs Sector (1yr) +318.64%
vs ASX 200 (1yr) +342.65%

Size

Market Cap Question Mark Icon
Excludes mandatory escrowed shares and foreign shares.
ASX Rank 1,232 of 2,413
Sector Rank 69 of 166

Key Fundamentals

Shares Issued
Sector Energy
Similar Companies MEU / VEN / PCL
EPS -$0.013
DPS $0.00
Book Value Per Share $0.01

Broker Consensus

GGE is not covered by a major broker, or data from most recent compilation was omitted due to not meeting QA guidelines.

Announcements

Date Heading Pages File Size Time

Corporate Overview

Grand Gulf Energy Limited (GGE) is an oil and gas exploration company focussed on exploration in productive oil and gas basins in the US. GGE main assets are the Dugas & Leblanc and Abita.

Incorporation Details

Incorporated in WA on 17/04/1996 as Biologic International Limited (BLI). Name changed to Cottee Health Limited (CHH) on 07/08/2001. Name to Fashion Intimates Limited on 10/10/2002. Name changed to Lach Drummond Resources Ltd 16/1/2004. Commenced quotation on 23/05/2005. Suspended from official quotation on 26/07/2005. Reinstated to quotation on 23/09/2005. Name changed to Alto Energy International Limited (AOI) on 25/01/2006. Code changed to Grand Gulf Energy Limited (GGE) on 28/06/2007.

Corporate Details

Head Office West Perth WA 6005
Website www.grandgulfenergy.com
Registry Advanced Share Registry
Auditor BDO Audit (WA) Pty Ltd
Date Listed 20 Mar 1998

Upcoming Calendar (Forecasted)

Date Event
01/08/2022 Report (Quarterly)
29/09/2022 Report (Annual)
28/10/2022 Report (Quarterly)
26/01/2023 Report (Quarterly)

Dividend History

DPS and Yield calculations use the Pay Date.

Ex-Date Amount Franking Gross Type Payable
No dividends paid.

See Upcoming Dividends for all ASX companies.

Directors & Management

Directors & Management

Name Title Since Bio
Mr Lloyd Alan Flint Company Secretary Apr 2022
Mr Dane Lance Managing Director Feb 2022

Mr Dane Lance

Managing Director

Mr Lance is a senior oil and gas executive with over 16 years' industry experience across the asset lifecycle, with a focus on resource maturation and monetization. Mr Lance has been involved in exploration, appraisal, development, and M&A on four continents, providing economic and technical evaluations for investment decisions, commercial negotiations, gas sales agreement terms, and corporate and asset acquisition & divestment. Mr Lance has worked for Woodside, Ophir (including technical evaluation of the Ophir acquisition of Salamander) and Oil Search. This included working on several development projects (Pluto LNG project, NWS Greater Western Flank, Vincent Infill drilling programs, and Bualuang expansion), as well as ongoing reservoir management and production optimization. Mr Lance has been technical representative on non-operated joint ventures producing in the deep-water Gulf of Mexico and during appraisal and concept select in Tanzania (working with BG/Shell and Pavilion).

Mr Keith Martens Executive Director,Technical Director Sep 2021

Mr Keith Martens

Executive Director,Technical Director

Mr Martens has over 40 years' experience as an oil finder. Keith's career began in Calgary with Hudson Bay O&G, Home Oil and Marathon Petroleum where he worked as a Geophysicist and Explorationist. Moving to Australia with SANTOS in 1980 he was promoted to Principal Explorationist and was responsible for exploration and development for a range of basins both on and offshore. In late 2000, he joined Tap Oil as Exploration Manager and in 2005 he joined the newly listed Bow Energy as Exploration Manager where he managed exploration in the Cooper-Eromanga and SuratBowen basins. He was the lead explorationist for Victoria Petroleum/Senex and discovered the Growler/Snatcher Oil Fields in central Australia and the NE Akkar and West Zhetybai Oil Fields in Kazakhstan (Jupiter Energy). Keith was the Technical Director of Sacgasco exploring in California and also consulted to Rey Resources and Buru working on their Canning Basin interests.

Mr Craig Ian Burton Executive Chairman,Executive Director Mar 2019

Mr Craig Ian Burton

Executive Chairman,Executive Director

Mr Burton is an experienced investor in emerging companies, projects and businesses. He has a record of providing financial backing and strategic advice to technical teams and business managers. He is an investor in the oil and gas sector with an in-house technical and project generation team.

Mr Mark Freeman Company Secretary,Executive Director Apr 2010

Mr Mark Freeman

Company Secretary,Executive Director

Mr Freeman has more than 21 years' experience in corporate finance and the resources industry. He has experience in project acquisitions and management, strategic planning, business development, M&A, asset commercialisation, and project development. His prior experience is with Mirabela Nickel Ltd, Exco Resources NL, Panoramic Resources Ltd and Matra Petroleum Plc.

Director Transactions

GGE directors must report any change in shareholding to the ASX within 5 business days.

See Director Transactions for all ASX companies.

Date Director Type Amount Price Value Notes
15/10/21 Craig Burton Issued 5,000,000 $0.033 $165,000 Issue of securities
15/10/21 Mark Freeman Issued 20,000,000 $0.033 $660,000 Issue of securities
15/10/21 Mark Freeman Issued 10,000,000 $0.01 $100,000 Issue of securities
17/06/21 Mark Freeman Buy +3,832,744 $0.01 $38,446 On-market trade
11/06/21 Mark Freeman Buy +1,167,256 $0.01 $11,709 On-market trade
17/09/20 Craig Burton Sell +3,149,000 $0.011 ($33,889) On-market trade

Director Interests

The current holdings of GGE directors.

Director Last Notice Direct Shares Indirect Shares Options Convertibles
Mark Freeman 15/04/2022 N/A 15,000,000 28,000,000 N/A
Dane Lance 23/02/2022 0 N/A N/A N/A
Craig Burton 30/06/2021 N/A 97,006,869 N/A N/A
Keith Martens N/A N/A N/A N/A N/A

Shareholder Info

Top 20 Shareholders

Data supplied by Morningstar and accurate on Sep 23, 2021.

It's not possible to publish a real-time Top 20 Shareholder list. Companies are not obliged to report this data (with the exception of Substantial Shareholders above 5%). If a company chooses to publish the data, it's usually once a year in their Annual Report.

All data is manually compiled so there might be a delay between the Annual Report being published and the data appearing on Market Index (<7 days for ASX 300 and up to 30 days for micro-caps).

Name Shares Capital
Charles Waite Morgan 66,300,238 13.85%
Alba Capital Pty Ltd 54,830,335 11.45%
Skye Equity Pty Ltd 33,958,557 7.09%
Sacha Investments Pty Ltd 27,363,528 5.72%
DC & PC Holdings Pty Ltd 10,750,000 2.25%
Kangsav Pty Limited 8,372,120 1.75%
Angkor Imperial Resources Pty Ltd 6,650,000 1.39%
Knipspel Pty Ltd 5,000,000 1.04%
Mark Freeman 5,000,000 1.04%
Altime Nominees Pty Ltd 4,400,000 0.92%
Craig Burton <Ci Burton Family A/C> 4,241,110 0.89%
Blue Spec Driling Pty Ltd 4,162,527 0.87%
Quantum Am Pty Ltd 4,000,000 0.84%
Dr Salim Cassim 4,000,000 0.84%
Mr David Bell 4,000,000 0.84%
Alba Capital Pty Ltd (i) 3,976,867 0.83%
Mr Doubal James Ferguson 3,500,000 0.73%
Comsec Nominees Pty Limited 3,380,611 0.71%
Crimson Holdings Pty Ltd 3,200,000 0.67%
Corridor Nominees Pty Ltd 3,100,000 0.65%

Shareholder Distribution

As reported in the most recent Annual Report.

Holding Size 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001+ Total
No. of Shareholders 81 27 27 365 321 821

Substantial Shareholders

A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. Shares can be held through multiple entities, so the Substantial Shareholders list differs from the Top 20 Shareholders list.

Shareholding changes less than 1% do not require notification to the market. When all “Last Notice” dates are identical, it suggests that no (or minimal) change has occurred since the most recent Annual Report.

Name Last Notice Total Shares Shares Held (%)
James Peter Allchurch 18/10/2021 188,816,397 15.95
Burton, Craig Ian 22/10/2021 97,006,869 8.20
Brown Bricks Pty Ltd 18/10/2021 80,061,165 6.70
Timothy Paul Neesham 29/10/2021 62,250,205 5.20

Shareholders Buying

12 month transaction history compiled from ASX announcements.

Date Name Bought Previous % New %
29-10-21 Timothy Paul Neesham 62,250,205 -- 5.20
18-10-21 James Peter Allchurch 188,816,397 -- 15.95
18-10-21 Brown Bricks Pty Ltd 80,061,165 -- 6.70

Shareholders Selling

12 month transaction history compiled from ASX announcements.

Date Name Sold Previous % New %
22-10-21 Burton, Craig Ian 3,149,000 26.10 8.20
15-10-21 Morgan, Charles 46,300,238 9.67 --
24-09-21 Morgan, Charles 30,000,000 19.88 9.67

Historical Data

Share Price History

Date Close Change %Chg Open High Low Volume Turnover

Historical Data

Year Closing Price Last Trade
2021 $0.01 30 June
2020 $0.003 30 June
2019 $0.003 28 June
2018 $0.003 29 June
2017 $0.003 28 June
2016 $0.004 28 June
2015 $0.006 30 June
2014 $0.008 30 June
GGE Historical Price Data (CSV)
Up to 20 years of EOD share price history
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