Microsoft Word - 09072012_Elk_ASX_Announcement_EORGAS_LLC.docx
ABN 38 112 566 499
3 September 2015
DIRECTOR APPENDIX 3Y NOTICES
Latest Appendix 3Y for Mr Brad Lingo attached
Appendix 3Y for Mr Matt Healy attached
Explanations for lodgements outside timing requirements
Elk Petroleum Limited ( ASX: ELK) ("Elk" or the "Company") attached the following ASX
releases:
(a) App 3Y for Mr Brad Lingo; and
(b) App 3Y for Mr Matt Healy.
Background and timing of event related to App 3Y for Mr Brad Lingo
As the market is aware, in compliance with the Company Share Trading Policy, Mr Lingo has been a significant acquirer of Elk shares since his appointment as Managing Director.
On 17 August 2015, Mr Lingo placed an order to acquire shares. The order was transacted in two parcels. Mr Lingo, due to an oversight, only reported one parcel, with the App 3y for this one parcel being made on the same day (ie 17 August 2015). On discovery of the second parcel of shares acquired on 17 August 2015 through a reconciliation to third party sources, this has been immediately reported today.
On 21 August 2015, Mr Lingo acquired a further parcel of shares. Due to a filing error, this was not forwarded to the Company for disclosure, although other transactions after this date were reported on 24 August 2015.
The Company and Mr Lingo have been proactive in updating the market in relation to his acquisition of Elk shares, making releases more regularly than the maximum of 5 business days since the trades. Releases have been made on 29 July 2015, 3 August 2015, 6 August
2015, 11 August 2015, 17 August 2015, 20 August 2015, 24 August 2015, 26 August 2015,
28 August 2015 and today.
Mr Lingo has put in place a process where multiple parcel transactions are reconciled and forwarded to the Company for lodgment within the required timeframes.
Background and timing of event related to App 3Y for Mr Matt Healy
As part of the current preparation of Financial Statements for the year ended 30 June 2015, reconciliations of Key Management Personnel's, including director's, shareholdings are undertaken. This process is continuing, but during this process it has been discovered that there was a movement of 733 shares in the holding of Mr Healy (out of a total of 1,352,275 shares or 0.05% of the total holding) compared to the last App 3y lodgment for Mr Healy on
ELK PETROLEUM LIMITED
Suite 4, Level 9 Tel +61 2 9299 9690
341 George Street
Sydney NSW 2000
Email [email protected]
Website www.elkpet.com
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18 December 2014.
On analysis by Mr Healy, it has come to light that in October 2014, Mr Healy restructured his holdings such that the result of this restructure was supposed to have no beneficial change in his interest or quantity of holding in Elk shares. On further analysis, there was infact a movement in Mr Healy's holding by 733 shares during the restructuring.
Although the change from restructuring only represented an 0.05% increase to Mr Healy's holding representing a net transactional value of $1,058.64, Mr Healy notes this late disclosure and is correcting the matter through lodgment of an updated Appendix 3Y.
Systems
The Company has a set procedure in place to ensure its Directors meet their disclosure obligations under listing rule 3.19A, including written agreements with directors in regard to their obligations to notify the company of movements in their holdings within the ASX stipulated reporting deadlines. All directors have been reminded of this obligation. At each board meeting, directors are reminded of their continuous disclosure obligations and this is documented.
The Company believes its current arrangements are consistent with market practice to achieve compliance with listing rule 3.19B.
For further information please contact:
Investor:
Dr Neale Taylor
Chairman
P: +61 2 9299 9690
E: [email protected]
Media:
Rebecca Lawson
Media and Capital Partners
P: +61 433 216 269
E: [email protected]
ELK PETROLEUM LIMITED
Suite 4, Level 9 Tel +61 2 9299 9690
341 George Street
Sydney NSW 2000
Email [email protected]
Website www.elkpet.com
3
ABOUT ELK PETROLEUM
Elk Petroleum Limited (ASX: ELK) is an oil and gas company specialising in Enhanced Oil Recovery (EOR), with assets located in one of the richest onshore oil regions of the USA, the Rocky Mountains. Listed on the ASX in 2005, Elk's strategy is focused on applying proven EOR technologies to mature oil fields, which significantly de-risks the Company's strategy of finding and exploiting oil field reserves.
Leveraging proven EOR technology and Company expertise and experience, Elk is currently developing the Grieve oil field in Wyoming (Elk - 35% WI) and is planning for a CO2-based EOR project at the Singleton oil field in Nebraska (Elk - 100% WI & operator).
ELK PROJECTS
Grieve Singleton
ELK PETROLEUM LIMITED
Suite 4, Level 9 Tel +61 2 9299 9690
341 George Street
Sydney NSW 2000
Email [email protected]
Website www.elkpet.com
Appendix 3Y
Change of Director's Interest Notice
Appendix 3Y
Change of Director's Interest Notice
Rule 3.19A.2
Information or documents not available now must be given to ASX as soon as available. Information and
documents given to ASX become ASX's property and may be made public.
Introduced 30/09/01 Amended 01/01/11
Name of entity Elk Petroleum Limited
ABN 38 112 566 499
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
Name of Director
|
Bradley William Lingo
|
Date of last notice
|
28 August 2015
|
Part 1 - Change of director's relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.
Direct or indirect interest
|
1. Direct
2. Indirect
|
Nature of indirect interest
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant interest.
|
2. Amy Anderson (Spouse)
|
Date of change
|
1a. 17 August 2015
1b. 21 August 2015
1c. 28 August 2015
1d. 31 August 2015
|
No. of securities held prior to change
|
1. 1,305,558 Ordinary Shares
2. 1,220,408 Ordinary Shares
|
Class
|
1a. Ordinary Shares
1b. Ordinary Shares
1c. Ordinary Shares
1d. Ordinary Shares
|
Number acquired
|
1a. 240,196 Ordinary Shares
1b. 114,675 Ordinary Shares
1c. 100,000 Ordinary Shares
1d. 50,000 Ordinary Shares
|
+ See chapter 19 for defined terms.
01/01/2011 Appendix 3Y Page 1
Appendix 3Y
Change of Director's Interest Notice
Number disposed
|
N/A
|
Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation
|
1a. 6.4843 cents per share ($15,574.96 in total)
1b. 9.8128 cents per share ($11,252.83 in total)
1c. 11.0 cents per share ($11,000 total)
1d. 11.7778 cents per share ($5,888.89 in total)
|
No. of securities held after change
|
1. 1,810,429 Ordinary Shares
2. 1,220,408 Ordinary Shares
|
Nature of change
Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back
|
1a. On-market purchase
1b. On-market purchase
1c. On-market purchase
1d. On-market purchase
|
Part 2 - Change of director's interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.
Detail of contract
|
No Change - refer Executive Employment Agreement dated 29 July 2015 as outlined in App 3x dated 29
July 2015 (amended 3 August 2015)
|
Nature of interest
|
Name of registered holder
(if issued securities)
|
Date of change
|
No. and class of securities to which interest related prior to change
Note: Details are only required for a contract in
relation to which the interest has changed
|
Interest acquired
|
Interest disposed
|
Value/Consideration
Note: If consideration is non-cash, provide details and an estimated valuation
|
Interest after change
|
+ See chapter 19 for defined terms.
Appendix 3Y Page 2 01/01/2011
Part 3 - +Closed period
Appendix 3Y
Change of Director's Interest Notice
Were the interests in the securities or contracts detailed above traded during a +closed period where prior written
clearance was required?
|
No
|
If so, was prior written clearance provided to allow the trade to proceed during this period?
|
N/A - not in closed period
|
If prior written clearance was provided, on what date was this provided?
|
N/A - not in closed period
|
+ See chapter 19 for defined terms.
01/01/2011 Appendix 3Y Page 3
Appendix 3Y
Change of Director's Interest Notice
Appendix 3Y
Change of Director's Interest Notice
Rule 3.19A.2
Information or documents not available now must be given to ASX as soon as available. Information and
documents given to ASX become ASX's property and may be made public.
Introduced 30/09/01 Amended 01/01/11
Name of entity Elk Petroleum Limited
ABN 38 112 566 499
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
Name of Director
|
Matt Healy
|
Date of last notice
|
18 December 2014
|
Part 1 - Change of director's relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.
Direct or indirect interest
|
Direct
|
Nature of indirect interest
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant interest.
|
Date of change
|
16-21 October 2014
|
No. of securities held prior to change
|
1. 1,352,275 Ordinary Shares
2. 50,000 Unlisted Options, exercise price $0.25, expiry date 22 July 2017
3. 70,000 Retention Rights
|
Class
|
Ordinary Shares
|
Number acquired
|
100,000 Ordinary Shares
|
+ See chapter 19 for defined terms.
01/01/2011 Appendix 3Y Page 1
Appendix 3Y
Change of Director's Interest Notice
Number disposed
|
(99,267) Ordinary Shares
|
Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation
|
100,000 Ordinary Shares for an amount of
$9,000.oo
(99,267) Ordinary Shares for an amount of $7,941.36
|
No. of securities held after change
|
1. 1,353,008 Ordinary Shares
2. 50,000 Unlisted Options, exercise price $0.25, expiry date
22 July 2017
3. 70,000 Retention Rights
|
Nature of change
Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back
|
Restructuring of Directors affairs through on market transactions.
|
Part 2 - Change of director's interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.
Detail of contract
|
Nature of interest
|
Name of registered holder
(if issued securities)
|
Date of change
|
No. and class of securities to which interest related prior to change
Note: Details are only required for a contract in
relation to which the interest has changed
|
Interest acquired
|
Interest disposed
|
Value/Consideration
Note: If consideration is non-cash, provide details and an estimated valuation
|
Interest after change
|
+ See chapter 19 for defined terms.
Appendix 3Y Page 2 01/01/2011
Part 3 - +Closed period
Appendix 3Y
Change of Director's Interest Notice
Were the interests in the securities or contracts detailed above traded during a +closed period where prior written
clearance was required?
|
Yes
|
If so, was prior written clearance provided to allow the trade to proceed during this period?
|
No - advised by director that trading was 'excluded trading' under the Elk Share Trading Policy where the net effect was no change in the persons underlying beneficial interest.
|
If prior written clearance was provided, on what date was this provided?
|
N/A
|
+ See chapter 19 for defined terms.
01/01/2011 Appendix 3Y Page 3