Companies / WEL

WINCHESTER ENERGY LTD

ASX:WELEnergy
1.71B shares on issueASX (delayed) · as of 28 July 2026$0.002price · delayed$2.6Mmarket cap · indicative
C
Dilution grade

Runway under 2 quarters; share count grew 26% in 24 months; 1 cash raise in 24 months

Cash runway0.2 quarters of funding
Share-count growth (24m)25.7%
Raise cadence (24m)1 cash raise
Options & rights overhang1.3% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

WINCHESTER ENERGY LTD's ordinary share count rose 25.7% between July 2024 and April 2026 to 1.71B shares. The company raised capital once in the last 24 months for total proceeds of A$350K, the most recent raise recorded in December 2025 with proceeds A$350K. Options and rights could convert into 22M new shares, equal to 1.3% of the current share count, with the nearest expiry in May 2027 and 0% of current shares in the money. At the March 2026 quarter the company reported A$31K in available cash, covering about 0.2 quarters at its recent spending rate. No proposed securities issues (Appendix 3B) are pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
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1.3%
Max option dilution
0.0%
ITM option dilution
1
Raises · last 12 months
0.2 qtrs
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 1.71B per ASX (delayed) (28 July 2026).
1.44B1.54B1.64BDec 24Sept 25July 26Cash raise · 5 Dec 2025

Cash runway

0.2 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$31k available cash at quarter ended 31 Mar 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds.
Paid plan
Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 31 Mar 2026.
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Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityTotal on issue afterSource
12 Apr 20263G · unquotedWEL : ORDINARY FULLY PAID1.57BAppendix 3G
12 Apr 20262A · quoted issueWEL : ORDINARY FULLY PAID1.71BAppendix 2A
2 Jan 20263H · cancellationWEL : ORDINARY FULLY PAID1.57BAppendix 3H
2 Jan 20263H · cancellationWEL : ORDINARY FULLY PAID1.57BAppendix 3H
18 Dec 20252A · quoted issueWEL : ORDINARY FULLY PAID1.57BAppendix 2A
Paid plan
Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

1 cash raise in the last 24 months · 1 in the last 12 months

$350k
Capital raise
5 Dec 2025
Paid plan
Full raise history
Issue price, discount, brokers, purpose and tranche detail for every raise on record.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

1.3%
Total overhang · of current shares
0.0%
In the money · at current price
22.5M
Potential new shares
May 2027
Nearest expiry
Paid plan
Per-line options & expiry cliffs
Each option line — code, strike, expiry, quantity and ITM value — plus the expiry-cliff chart.
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Director dealings

No director dealing notices (Appendix 3Y) on record.
Paid plan
Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

Free account
Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
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Latest announcements

31 May 2026Change of Registered Office and Principal Place of Business
29 May 2026Results of AGM
29 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
29 Apr 2026Letter to Shareholders
29 Apr 2026Notice of AGM
16 Apr 2026Change in substantial holding
15 Apr 2026Becoming a substantial holder
12 Apr 2026Notification regarding unquoted securities - WEL
12 Apr 2026Application for quotation of securities - WEL
31 Mar 2026Appendix 4G and Corporate Governance Statement
31 Mar 2026Annual Report
22 Mar 2026$PParticipation in Joint Study Offshore Indonesia
19 Mar 2026Date for AGM and Director Nominations
18 Mar 2026$PVarn JVU-4 Drilling Commences
12 Mar 2026Results of EGM
5 Feb 2026Letter to Shareholders
5 Feb 2026Notice of Meeting
30 Jan 2026$PAppendix 5B
30 Jan 2026$PQuarterly Activities Report
23 Jan 2026Becoming a substantial holder

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 July 2026.