http://www.proactiveinvestors.com.au Proactiveinvestors RSS feed en Tue, 19 Jun 2018 07:23:39 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Sky and Space Global raising $15 million to launch nanosatellites ]]> http://www.proactiveinvestors.com.au/companies/news/193029/sky-and-space-global-raising-15-million-to-launch-nanosatellites-193029.html Sky and Space Global Ltd (ASX:SAS) has received firm commitments to raise $10 million from professional and sophisticated investors via a heavily oversubscribed share placement at $0.12 each.

In addition, the company is launching a fully underwritten $5 million share purchase plan, to enable existing shareholders to participate on the same terms and purchase up to $15,000 per shareholder.

Launching 20 nano-satellites in Q1 2019

Proceeds from this capital raising will be used primarily for the completion of design, construction and launch costs of the first batch of circa 20 Pearl nanosatellites, scheduled for Q1 2019 launch.

Sky and Space Global’s Pearls constellation mission is expected to have circa 200 autonomous communication nanosatellites in orbits by 2020, giving equatorial coverage of the Earth.

The company is aiming to provide narrowband communication services across large parts of Asia, Central Africa and Central/South America.

Three nanosatellites already launched into space

Sky and Space Global has already successfully launched its first three nanosatellites, the ‘3 Diamonds’, into space in June 2017.

The 3 Diamonds delivered the world’s first phone calls, instant messaging, data transfers and financial transactions using nanosatellites during Q3 and Q4 2017.

READ: Sky and Space Global to test nano-satellite based point-of-sale technology

The company recently signed with Paratus Group to explore opportunities for its nano-satellites in the point-of-sale (POS) device market in Africa.

The parties will perform a field trial where the POS will be connected to a banking partner through the Sky and Space (SAS) network.

The deployment of POS device is becoming widespread in Africa with a rate of 450 devices per 100,000 people in some countries.

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Tue, 13 Mar 2018 11:32:00 +1100 http://www.proactiveinvestors.com.au/companies/news/193029/sky-and-space-global-raising-15-million-to-launch-nanosatellites-193029.html
<![CDATA[News - Sky and Space Global to test nano-satellite based point-of-sale technology ]]> http://www.proactiveinvestors.com.au/companies/news/190714/sky-and-space-global-to-test-nano-satellite-based-point-of-sale-technology-190714.html Sky and Space Global Ltd (ASX:SAS) has signed with Paratus Group to explore opportunities for its nano-satellites in the point-of-sale (POS) device market in Africa.

The parties will perform a field trial where the POS will be connected to a banking partner through the Sky and Space (SAS) network.

SAS Pearls constellation mission is expected to have circa 200 autonomous narrowband communication nanosatellites in orbits by 2020, giving equatorial coverage of the Earth.

The company recently completed full capability tests for phone calls, instant message, voice recording and image transfers through its commercial demonstration nano-satellites.

POS is a multi-billion dollar global target market

The deployment of POS device is becoming widespread in Africa with a rate of 450 devices per 100,000 people in some countries.

The field trial is the first step for SAS and Paratus in replacing the current limited and unreliable means of communications with POS devices in remote areas, with new technology.

This agreement follows a binding commercial offtake contract in August 2017 between SAS and Sat-Space Africa, a wholly owned subsidiary of Paratus Group Holdings.

READ: Sky and Space Global's shares climb on binding off-take contract

Importantly, this agreement has the potential to open the door for SAS suppling narrow band communication to thousands of POS devices on the Paratus network across Africa.

The parties are also planning to cooperate for further narrow band telecommunication services in other market segments.

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Mon, 29 Jan 2018 12:35:00 +1100 http://www.proactiveinvestors.com.au/companies/news/190714/sky-and-space-global-to-test-nano-satellite-based-point-of-sale-technology-190714.html
<![CDATA[News - Sky and Space Global integrates Check Point solution into its nano-satellites ]]> http://www.proactiveinvestors.com.au/companies/news/188158/sky-and-space-global-integrates-check-point-solution-into-its-nano-satellites-188158.html Sky and Space Global Ltd (ASX:SAS) has successfully integrated cybersecurity solutions from Check Point Software Technologies (NASDAQ:CHKP) into its nano-satellite network.

The tests to integrate the Check Point encryption hardware with the Sky and Space network has proved to be successful.

Sky and Space Global’s Pearls constellation mission is expected to have circa 200 autonomous narrowband communication nanosatellites in orbits by 2020, giving equatorial coverage of the Earth.

The company recently completed full capability tests for phone calls, instant message, voice recording and image transfers through its commercial demonstration nano-satellites.

Importantly, this is the first time that a voice call has been facilitated by nano-satellites and represents a breakthrough for the company and the telecoms and satellite industries.

Check Point is one of the largest cyber security vendors globally, providing solutions to protect customers from cyberattacks, malware and other threats.

During the test using Check Point software, phone calls and messages were encrypted before transmission and decrypted on the other side.

READ: Sky and Space Global signs system simulator contract for its nanosatellites

The company recently contracted SCISYS PLC (LON:SSY) to deliver a system simulator for the company’s Pearls constellation of nanosatellites.

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Mon, 04 Dec 2017 15:23:00 +1100 http://www.proactiveinvestors.com.au/companies/news/188158/sky-and-space-global-integrates-check-point-solution-into-its-nano-satellites-188158.html
<![CDATA[News - Sky and Space Global signs system simulator contract for its nanosatellites ]]> http://www.proactiveinvestors.com.au/companies/news/187471/sky-and-space-global-signs-system-simulator-contract-for-its-nanosatellites-187471.html Sky and Space Global Ltd (ASX:SAS) has contracted SCISYS PLC (LON:SSY) to deliver a system simulator for the company’s ‘Pearls’ constellation of nanosatellites.

The Pearls constellation mission is expected to have circa 200 autonomous narrowband communication nanosatellites in orbits by 2020, giving equatorial coverage of the Earth.

This constellation of nanosatellites is aimed at creating a global affordable communication network for voice, data and instant messaging for over 3 billion people currently without mobile coverage.

SCISYS is a software company based in the UK and Germany and is a supplier of software systems and support services to the space, government, defence, and media & broadcast sectors.

Under the new contract, SCISYS will develop a ‘Pearls’ Constellation System Simulator, which will provide an accurate representation of the constellation, its communication infrastructure, customer activity and mission operations.

The simulator is designed as a high-fidelity, configurable, scalable and portable solution, which also integrates the network management and fuel consumption optimisation algorithms.

Importantly, this data will enable Sky and Space to fine tune operations quickly and effectively, maximising service provision, and minimising operational costs and time to service.

The project will be delivered over the next 12 months.

READ NEXT: Sky and Space Global signs nanosatellite launch service agreement ]]>
Mon, 20 Nov 2017 12:56:00 +1100 http://www.proactiveinvestors.com.au/companies/news/187471/sky-and-space-global-signs-system-simulator-contract-for-its-nanosatellites-187471.html
<![CDATA[News - Sky and Space Global signs nanosatellite launch service agreement ]]> http://www.proactiveinvestors.com.au/companies/news/185762/sky-and-space-global-signs-nanosatellite-launch-service-agreement-185762.html Sky and Space Global Ltd (ASX:SAS) has signed a binding agreement with Italian space system company, D-Orbit, to provide launch and deployment services for the roll-out of its nanosatellite constellation.

The partnership will allow Sky and Space to maximise the operational capabilities and potential revenue generation for its nanosatellites.

D-Orbit offers a unique launch and deployment service specifically tailored for nanosatellites.

Through precision deployment and fast dispersion, D-Orbit aims to allow space missions to start faster, and in optimal operational conditions.

Following the industry-leading success of the first phone call in space facilitated by nanosatellites, Sky and Space Global is planning to launch a constellation of 200 nanosatellites by 2020.

The constellation will provide full coverage of the equatorial areas of South America, Central Africa, and Southeast Asia.

The new agreement with D-Orbit follows the announcement of the next generation of Sky and Space’s nanosatellites, Pearls, unveiled at the International Astronautical Congress in Adelaide in September.

Sky and Space’s new satellite will include key features such as 3 meters span of sun-tracking solar panels and circa 150 watts of power, enabling 24/7 payload operations.

The Pearls development program continues as scheduled and is expected to be fully deployed and operational by 2020.

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Wed, 18 Oct 2017 12:52:00 +1100 http://www.proactiveinvestors.com.au/companies/news/185762/sky-and-space-global-signs-nanosatellite-launch-service-agreement-185762.html
<![CDATA[News - Sky and Space Global teams with Check Point Software to protect its nano-satellites ]]> http://www.proactiveinvestors.com.au/companies/news/184631/sky-and-space-global-teams-with-check-point-software-to-protect-its-nano-satellites-184631.html Sky and Space Global Ltd (ASX:SAS) is partnering with Check Point Software Technologies (NASDAQ:CHKP) to integrate cybersecurity solutions into the SAS space and ground networks.

Check Point is one of the largest cyber security vendors globally, protecting customers from cyberattacks by detecting and removing malware and other types of threats.

Sky and Space is in the process of launching a constellation of up to 200 nano-satellites in orbit to achieve full coverage of the equatorial belt by 2020.

The company has already completed full capability tests for phone calls, instant message, voice recording and image transfers through its 3 Diamonds commercial demonstration nano-satellites.

Sky and Space has delivered a world first - as this is the first time that a voice call has been facilitated by nano-satellites and represents a breakthrough for the telecoms and satellite industries.

Until recently, nano-satellites have been predominantly used for earth observation and imagery but with advancements in miniature space technology their capabilities have become increasingly sophisticated.

Under the terms of the memorandum of understanding with Check Point, the parties will work to integrate Check Point’s cybersecurity solutions into the Sky and Space communication platform.

With the intention to later expand into more regions, this partnership marks a step to bring cyber security to a new era – an era with global coverage from space.

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Wed, 27 Sep 2017 11:59:00 +1000 http://www.proactiveinvestors.com.au/companies/news/184631/sky-and-space-global-teams-with-check-point-software-to-protect-its-nano-satellites-184631.html
<![CDATA[News - Sky and Space Global delivers a world first ]]> http://www.proactiveinvestors.com.au/companies/news/183403/sky-and-space-global-delivers-a-world-first-183403.html Sky and Space Global Ltd (ASX:SAS) core business is to operate a communications infrastructure based on nano-satellite technology.

The company has now successfully completed full capability tests for phone calls, instant message, voice recording and image transfers through its 3 Diamonds commercial demonstration nano-satellites.

This transmission operation has been completed on multiple testing runs over the past few days, using Sky and Space's proprietary smartphone application.

Sky and Space has therefore delivered a world first - as this is the first time that a voice call has been facilitated by nano-satellites and represents a breakthrough for the company and the telecoms and satellite industries.

Until recently, nano-satellites have been predominantly used for earth observation and imagery but with advancements in miniature space technology their capabilities have become increasingly sophisticated in recent years.

Sky and Space is the first company to successfully use narrowband connectivity provided by nano-satellites to deliver a voice call.

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Tue, 05 Sep 2017 10:14:00 +1000 http://www.proactiveinvestors.com.au/companies/news/183403/sky-and-space-global-delivers-a-world-first-183403.html
<![CDATA[News - Sky and Space Global calls for halt in shares pending operational update ]]> http://www.proactiveinvestors.com.au/companies/news/183269/sky-and-space-global-calls-for-halt-in-shares-pending-operational-update-183269.html Sky and Space Global Ltd (ASX:SAS) has been granted a trading halt this morning, pending details of a major operational milestone for the 3 Diamonds nano-satellites.

Just last month the company signed its first binding commercial contract with a wholesale customer, Sat-Space Africa.

This follows the initial binding letter in 2016, with Sat-Space Africa the company’s first wholesale operator.

Sky and Space’s mission is to build a constellation of 200 nano-satellites.

The halt will remain in place until the opening of trade on Tuesday 5th September 2017, or earlier if an announcement is made to the market.

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Fri, 01 Sep 2017 10:13:00 +1000 http://www.proactiveinvestors.com.au/companies/news/183269/sky-and-space-global-calls-for-halt-in-shares-pending-operational-update-183269.html
<![CDATA[News - Sky and Space Global's shares climb on binding off-take contract ]]> http://www.proactiveinvestors.com.au/companies/news/182889/sky-and-space-global-s-shares-climb-on-binding-off-take-contract-182889.html Sky and Space Global Ltd (ASX:SAS) has signed its first binding commercial contract with a wholesale customer, Sat-Space Africa.

This follows the initial binding letter in 2016, with Sat-Space Africa the company’s first wholesale operator.

Sky and Space's shares are trading 7.7% higher at $0.21 in the first 40 minutes of today's session.

Details of the contract

Today's contract defines the full commercial terms for purchasing services from Sky and Space, along with Sat-Space Africa’s role with other customers.

Once the full Sky and Space Global Equatorial Constellation is deployed, potential revenues from customers via Sat- Space Africa will be between US$10 million to US$35 million annually.

This binding commercial contract provides further confidence in Sky and Space’s nano-satellite constellation and technical capability.

Plan to build 200 nano-satellites

Sky and Space’s overall mission is to build a constellation of 200 nano-satellites to cover the equatorial belt by 2020.

In doing so, the company will be completing its strategy to provide affordable communication services to Anyone, Anywhere, Anytime.

3 Diamonds will now commence the commercial operations testing phase.

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Thu, 24 Aug 2017 10:53:00 +1000 http://www.proactiveinvestors.com.au/companies/news/182889/sky-and-space-global-s-shares-climb-on-binding-off-take-contract-182889.html
<![CDATA[News - Sky and Space Global exits halt to reveal successful tests ]]> http://www.proactiveinvestors.com.au/companies/news/182692/sky-and-space-global-exits-halt-to-reveal-successful-tests-182692.html Sky and Space Global Ltd's (ASX:SAS) shares will be back trading this morning after revealing details regarding its orbit testing.

3 Diamonds nano-satellites have been fully certified by GomSpace as the Launch and Early Operations Phase (LEOP) has been completed successfully.

The certification of satellites completes the In Orbit Acceptance Review (IOAR) following the testing phase.

Plan to build 200 nano-satellites 

3 Diamonds will now commence the commercial operations testing phase.

This all contributes to Sky and Space Global’s overall mission of building a constellation of 200 nano-satellites to cover the equatorial belt by 2020.

In doing so, the company will be completing its strategy to provide affordable communication services to Anyone, Anywhere, Anytime.

Meir Moalem, chief executive officer, commented: "We are very pleased that testing of the 3 Diamonds nano-satellites continues to progress successfully and according to plan, and are proud to be demonstrating a number of industry firsts with our technology.

Affordable satellite connectivity to Anyone, Anywhere, Anytime

"We look forward to the coming weeks and conducting the tests of commercial services.

"This is an exciting time for our company and for the wider space industry as we continue to put our disruptive technology and business model into practice, each step moving forward on our journey of delivering affordable satellite connectivity to Anyone, Anywhere, Anytime."

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Mon, 21 Aug 2017 10:05:00 +1000 http://www.proactiveinvestors.com.au/companies/news/182692/sky-and-space-global-exits-halt-to-reveal-successful-tests-182692.html
<![CDATA[News - Sky and Space Global to reveal orbit testing details of nano-satellites ]]> http://www.proactiveinvestors.com.au/companies/news/182636/sky-and-space-global-to-reveal-orbit-testing-details-of-nano-satellites-182636.html Sky and Space Global Ltd (ASX:SAS) has been granted a trading halt by the ASX this morning, pending details in relation to In Orbit Testing of the 3 Diamonds nano-satellites.

Last month the company said that 3 Diamonds had successfully completed Inter-satellite links (ISL) testing between the diamonds for data rates up to 2 Mega Symbols Per Second.

The halt will remain in place until the opening of trade on Tuesday 22nd August 2017, or earlier if an announcement is made to the market.

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Fri, 18 Aug 2017 09:59:00 +1000 http://www.proactiveinvestors.com.au/companies/news/182636/sky-and-space-global-to-reveal-orbit-testing-details-of-nano-satellites-182636.html
<![CDATA[News - Sky and Space Global Ltd achieves inter-satellite communication milestone ]]> http://www.proactiveinvestors.com.au/companies/news/180937/sky-and-space-global-ltd-achieves-inter-satellite-communication-milestone-180937.html Sky and Space Global Ltd (ASX:SAS) has achieved a major milestone by successfully completed Inter-satellite links (ISL) testing between its nano-satellites for data rates up to 2 mega symbols per second.

This is the first time ever in global satellite industry history that inter-satellite communication of nano-satellites has been performed with satellites spread hundreds of kilometres apart.

Last month, Sky and Space successfully launched its “3 Diamonds” nano-satellites into space from the ISRO launch facility in India.

The company’s aim is to provide affordable data, voice and instant messaging services to over 4 billion people in the equatorial region.

The 3 Diamonds are functioning according to plan and the Diamonds constellation is spreading according to predictions to maximise communication time.

Since the 3 Diamonds launch, there have been circa 500 telemetry passes, generating more than 60 hours of telemetry.

All three satellites are pointing towards Earth and have been correctly identified and catalogued as Diamonds Red, Green and Blue.

The 3 Diamonds remain on track to commence commercial demonstrations, and immediate revenue generation for Sky and Space Global, within a few weeks.

The company has already pre-sold its communications bandwidth, having secured commercial contracts through its wholesale operator, Sat-Space Africa and Globalsat Group in Latin America.

Sky and Space’s share price has increased by circa 10 times in the past one year, last trading at $0.20.

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Mon, 17 Jul 2017 09:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/180937/sky-and-space-global-ltd-achieves-inter-satellite-communication-milestone-180937.html
<![CDATA[News - Sky and Space Global nano-satellites blasts off into space ]]> http://www.proactiveinvestors.com.au/companies/news/179770/sky-and-space-global-nano-satellites-blasts-off-into-space-179770.html Sky and Space Global (ASX:SAS) has successfully launched its “3 Diamonds” nano-satellites into space on Friday from the ISRO launch facility in India.

The successful launch marks the most significant milestone for the company to date, set to be the first in-space commercial demonstration of its technology and disruptive business model.

Sky and Space Global’s aim is to provide affordable data, voice and instant messaging services to over 4 billion people in the equatorial region.

Now that the 3 Diamonds have been successfully deployed, they will embark on an eight-week journey of in-orbit tests to validate the performance of all subsystems including the communications payload.

Following this, the pilot constellation will go live and will be in a position to commence revenue generation for Sky and Space Global.

The company is continuing to work towards the launch of a full constellation of up to 200 nano-satellites in orbit to achieve full coverage of the equatorial belt by 2020.

With its sophisticated nano-satellite technology, Sky and Space Global is expected to disrupt the telecom industry by delivering affordable satellite communications services in remote locations.

The company has already pre-sold its communications bandwidth, having secured commercial contracts through its wholesale operator, Sat-Space Africa and Globalsat Group in Latin America.

The 3 Diamonds launch is expected to have a big impact on the company commercially, generating profit and helping to secure new commercial agreements.

Sky and Space Global’s share price has almost tripled since the start of 2017, last trading at $0.245.

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Mon, 26 Jun 2017 15:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/179770/sky-and-space-global-nano-satellites-blasts-off-into-space-179770.html
<![CDATA[News - Sky and Space Global raising $10M to advance nano-satellite program ]]> http://www.proactiveinvestors.com.au/companies/news/177202/sky-and-space-global-raising-10m-to-advance-nano-satellite-program-177202.html Sky and Space Global (ASX:SAS) has received firm commitments from sophisticated and professional investors to raise up to $10 million at $0.19 per share.

The funds will be used to advance critical path work programs and operations for the launch of the full equatorial constellation, following the launch of the company’s 3 Diamonds nano-satellites later this month.

The 3 Diamonds will be launched on Indian Space Research Organisation’s (ISRO) Polar Satellite Launch Vehicle (PSLV) from its launch site at Sriharikota, India.

Sky and Space Global’s aim is to provide affordable data, voice and instant messaging services to over 4 billion people in the equatorial region.

Once launched into space, the 3 Diamonds nano-satellites will immediately commence an eight-week operation of in-orbit tests to validate full functionality and performance of all subsystems.

Following this, the pilot constellation will go live and will be in a position to commence revenue generation for Sky and Space Global.

The company is continuing to work towards the launch of a full constellation of up to 200 nano-satellites in orbit to achieve full coverage of the equatorial belt by 2020.

In March, Sky and Space Global signed an agreement with Globalsat Group LLC to provide its satellite services to Globalsat’s end-users in South and Latin America.

Following the placement, Sky and Space Global will be well funded with $12+ million cash at bank leading into the launch of its satellites.

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Wed, 03 May 2017 13:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/177202/sky-and-space-global-raising-10m-to-advance-nano-satellite-program-177202.html
<![CDATA[News - Sky and Space Global to reveal capital raising details ]]> http://www.proactiveinvestors.com.au/companies/news/177092/sky-and-space-global-to-reveal-capital-raising-details-177092.html Sky and Space Global (ASX:SAS) is heading to market with a capital raising, and the ASX has granted the company a trading halt to prepare.

The halt will remain in place until the opening of trade on Wednesday 3rd May 2017, or earlier if an announcement is made to the market.

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Mon, 01 May 2017 15:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/177092/sky-and-space-global-to-reveal-capital-raising-details-177092.html
<![CDATA[News - Sky and Space Global confirms satellite launch schedule ]]> http://www.proactiveinvestors.com.au/companies/news/176055/sky-and-space-global-confirms-satellite-launch-schedule-176055.html Sky and Space Global (ASX:SAS) has crossed a major milestone by confirming the launch schedule of its “3 Diamonds” nano-satellites for late May 2017.

The 3 Diamonds will be launched on the Indian Space Research Organisation’s (ISRO) Polar Satellite Launch Vehicle (PSLV) from its launch site at Sriharikota, India.

Sky and Space Global’s aim is to provide affordable data, voice and instant messaging services to over 4 billion people in the equatorial region.

The confirmation of the launch schedule is a substantial milestone for the company and precedes the first in-flight commercial demonstration of its technology and business model.

Once launched into space, the 3 Diamonds nano-satellites will immediately commence an eight-week operation of in-orbit tests to validate full functionality and performance of all subsystems.

Following this, the pilot constellation will go live and will be in a position to commence revenue generation for Sky and Space Global.

The company is continuing to work towards the launch of a full constellation of up to 200 nanosatellites in orbit to achieve full coverage of the equatorial belt by 2020.

Last month, Sky and Space Global signed a non-binding agreement with Globalsat Group LLC to provide its satellite services to Globalsat’s end-users in South and Latin America.

Globalsat is a provider of mobile satellite services, with a strong local presence across major markets in South and Latin America.

A key plank of the agreement with Globalsat is to use the bandwidth provided by Sky and Space’s narrow-band satellite communication services to Globalsat’s end-users.

Sky and Space Global’s share price increased by 164% since the start of 2017, last trading at $0.222.

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Thu, 06 Apr 2017 13:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/176055/sky-and-space-global-confirms-satellite-launch-schedule-176055.html
<![CDATA[News - Sky and Space Global signs new deal ahead of nano-satellite launch ]]> http://www.proactiveinvestors.com.au/companies/news/174653/sky-and-space-global-signs-new-deal-ahead-of-nano-satellite-launch-174653.html Sky and Space Global (ASX:SAS) has signed a non-binding agreement with Globalsat Group LLC to provide Sky and Space’s satellite services to Globalsat’s end-users in South and Latin America.

Globalsat is a provider of mobile satellite services, with a strong local presence across major markets in South and Latin America.

Sky and Space is preparing to deploy nano-satellites in orbit to provide global communication infrastructure and services to the telecommunications and other industries.

The company is set to imminently launch its 3 Diamonds nano-satellites aboard the Indian Space Research Organisation’s (ISRO) Polar Satellite Launch Vehicle (PSLV) in Q2 2017.

Following the successful demonstration of the 3 Diamonds, Sky and Space intends to launch an equatorial constellation of up to 200 nano-satellites from mid-2018.

A key plank of the agreement with Globalsat is to use the bandwidth provided by Sky and Space’s narrow-band satellite communication services to Globalsat’s end-users.

Globalsat provides satellite telecommunications solutions for thousands of customers in multiple vertical sectors such as energy, government, defence, media, mining and banking.

Under the terms of the agreement, the parties will first work towards performing a commercial demonstration of the services during H2 2017 in South and Latin America.

The agreement to utilise the bandwidth provided by the nano-satellites is aimed at further de-risking Sky and Space’s 3 Diamonds communications offering.

The company’s share price has more than doubled since the start of 2017, last trading at $0.195.

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Mon, 13 Mar 2017 13:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/174653/sky-and-space-global-signs-new-deal-ahead-of-nano-satellite-launch-174653.html
<![CDATA[News - Sky and Space Global to reveal commercial agreement ]]> http://www.proactiveinvestors.com.au/companies/news/174503/sky-and-space-global-to-reveal-commercial-agreement-174503.html Sky and Space Global (ASX:SAS) has been granted a trading halt by the ASX, pending details on the completion of an agreement with a South American customer.

The halt will remain in place until the opening of trade on Monday, 13th March 2017, or earlier if an announcement is made to the market.

Last month Sky and Space signed an agreement with the United States of America Department of Defense (DoD) for the safe operation of the company’s nano-satellites.

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Thu, 09 Mar 2017 11:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/174503/sky-and-space-global-to-reveal-commercial-agreement-174503.html
<![CDATA[News - Sky and Space Global gains U.S. Defense backing for nano-satellites ]]> http://www.proactiveinvestors.com.au/companies/news/173229/sky-and-space-global-gains-us-defense-backing-for-nano-satellites-173229.html Sky and Space Global (ASX:SAS) has signed an agreement with the U.S Department of Defense for the safe operation of the company’s nano-satellites.

Sky and Space is preparing to deploy nano-satellites in orbit to provide global communication infrastructure and services to the telecommunications and international transport industries.

Last month, the company completed construction of all hardware and operating systems of three commercial demonstration nano-satellites.

Importantly, Africa-based mobile communications company BeepTool LLC has already secured a portion of the bandwidth from the nano satellites, via a letter of intent.

Sky and Space’s new agreement with the U.S. Department of Defense is for the provision of Space Situational Awareness (SSA) services.

The agreement is facilitated through the U.S. Strategic Command (USSTRATCOM) Joint Space Operations Center and ensures the safe operation of Sky and Space’s nano-satellites.

USSTRATCOM is responsible for the detection and tracking of all artificial objects in Earth’s orbit and will assist the company with the safe and long-term operations of its nano-satellites.

The launch of the nano-satellites is scheduled for Q2 2017, from the Indian Space Research Organisation’s (ISRO) Satish Dhawan Space Centre in Sriharikota, India.

Earlier this week, ISRO successfully launched a world record 104 satellites into orbit using the Polar Satellite Launch Vehicle (PSLV).

Sky and Space’s share price has increased more than 350% during the past six months, last trading at $0.10.

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Thu, 16 Feb 2017 09:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/173229/sky-and-space-global-gains-us-defense-backing-for-nano-satellites-173229.html
<![CDATA[News - Sky and Space Global to reveal agreement ]]> http://www.proactiveinvestors.com.au/companies/news/173167/sky-and-space-global-to-reveal-agreement-173167.html Sky and Space Global (ASX:SAS) has been granted a trading halt by the ASX, pending details on the completion of an agreement with the U.S. Department of Defence.

The halt will remain in place until the opening of trade on Friday 17th February 2017, or earlier if an announcement is made to the market.

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Wed, 15 Feb 2017 14:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/173167/sky-and-space-global-to-reveal-agreement-173167.html
<![CDATA[News - Sky and Space Global Ltd gets ready to raise ]]> http://www.proactiveinvestors.com.au/companies/news/169434/sky-and-space-global-ltd-gets-ready-to-raise-169434.html The halt will remain in place until the opening of trade on Monday 28th November 2016, or earlier if an announcement is made to the market.

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Thu, 24 Nov 2016 11:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/169434/sky-and-space-global-ltd-gets-ready-to-raise-169434.html
<![CDATA[News - Sky and Space Global begins assembly of nano-satellites ]]> http://www.proactiveinvestors.com.au/companies/news/167525/sky-and-space-global-begins-assembly-of-nano-satellites-167525.html The company plans to deploy nano-satellites in orbit to provide global communication infrastructure and services to the telecommunications and international transport industries.

The commencement of the “3 Diamonds” assembly follows the completion of a preliminary and critical design review of the nano-satellite designs by GomSpace.

Full assembly of the “3 Diamonds” is expected to be complete by the end of December 2016, allowing Sky and Space Global to commence further testing and validation ahead of launch.

The launch date of the “3 Diamonds” aboard the Indian Space Research Organisation’s polar satellite launch vehicle is scheduled for Q2 2017.

Sky and Space Global is fully funded as it progresses towards the launch date.

Meir Moalem, chief executive officer, commented:

“The physical assembly of our 3 Diamonds nano-satellites has commenced at our construction partner, GomSpace ahead of schedule.”

“With our launch date scheduled for Q2 2017, we have made significant progress towards launch and look forward to the full assembly of our nanosatellites before the end of 2016.”

Sky and Space Global’s share price has increased 43% since June 2016, last trading at $0.04.

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Tue, 18 Oct 2016 08:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/167525/sky-and-space-global-begins-assembly-of-nano-satellites-167525.html
<![CDATA[News - Sky and Space Global Ltd to reveal collaboration agreement ]]> http://www.proactiveinvestors.com.au/companies/news/166865/sky-and-space-global-ltd-to-reveal-collaboration-agreement-71329.html Sky and Space Global Ltd (ASX:SAS) has been granted a trading halt by the ASX, pending details of a collaboration agreement with Virgin Galactic.

The halt will remain in place until the opening of trade on Thursday 6th October 2016, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 04 Oct 2016 09:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/166865/sky-and-space-global-ltd-to-reveal-collaboration-agreement-71329.html
<![CDATA[News - Sky and Space Global Ltd to execute partnership with Virgin Galactic ]]> http://www.proactiveinvestors.com.au/companies/news/144910/sky-and-space-global-ltd-to-execute-partnership-with-virgin-galactic-69385.html Sky and Space Global Ltd (ASX:SAS) has been granted a trading halt by the ASX, pending a material announcement in relation to the execution of a strategic partnership agreement with Virgin Galactic.

Sky and Space plans to deploy nano-satellites constellations in orbit to provide global communication infrastructure and services to the telecommunications and international transport industries.

The halt will remain in place until the opening of trade on Monday 27th June 2016, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 23 Jun 2016 10:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/144910/sky-and-space-global-ltd-to-execute-partnership-with-virgin-galactic-69385.html
<![CDATA[News - Sky and Space Global Ltd nears construction start of nano-satellite ]]> http://www.proactiveinvestors.com.au/companies/news/144907/sky-and-space-global-ltd-nears-construction-start-of-nano-satellite-69183.html Sky and Space Global Ltd (ASX:SAS) is on track to launch its nano-satellites into space in Q2 2017 after completing the preliminary design review (PDR) of its nano-satellite design.

The construction of SAS’s 3 Diamonds nano-satellites is due to commence in Q3 2016.

SAS, which listed on the ASX on 31 May 2016, plans to deploy nano-satellites constellations in orbit to power a more affordable global communications network.

The PDR phase was completed with leading European aerospace construction partner, GomSpace.

The PDR is a assessment conducted on the overall design of SAS’s nano-satellites to verify that they meet accepted global specifications and requirements.

All mission aspects and all nano-satellite components were analysed, with attention given to the expected performance at operational scenarios.

The launch is aimed for the second quarter of 2017, will be aboard an ‘Indian Polar Satellite Launch Vehicle’, better known as a ‘PSLV’.

The Indian PSLV is a highly reliable launcher that has undertaken many successful deployments over the last two decades with no operational failures.

SAS is funded beyond the Q2 2017 launch of its nano-satellites, following the completion of the company’s recent $4.5 million IPO.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Tue, 14 Jun 2016 11:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/144907/sky-and-space-global-ltd-nears-construction-start-of-nano-satellite-69183.html
<![CDATA[News - Sky and Space Global Ltd is Wednesday's ASX Most Traded with 156 million ]]> http://www.proactiveinvestors.com.au/companies/news/144906/sky-and-space-global-ltd-is-wednesdays-asx-most-traded-with-156-million-69120.html Wednesday's ASX Volume Leaders at the close.

Company NameCodeLastChangeVolume Sky and Space Global Ltd SAS $0.032 28% 156,707,551 Atlas Iron Ltd AGO $0.012 -7.69% 79,015,942 LWP Technologies Ltd LWP $0.006 -14.29% 55,995,511 XPED Ltd XPE $0.090 4.65% 46,806,579 Motopia Ltd MOT $0.001 0% 42,613,310 IOT Group Ltd IOT $0.096 23.08% 39,999,119 88 Energy Ltd 88E $0.036 2.86% 37,228,099 Liquefied Natural Gas Ltd LNG $1.025 25% 35,434,595 TV2U International Ltd TV2 $0.040 -2.44% 31,626,089 Sundance Resources Ltd SDL $0.003 -25% 24,111,335

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 08 Jun 2016 17:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/144906/sky-and-space-global-ltd-is-wednesdays-asx-most-traded-with-156-million-69120.html
<![CDATA[News - Sky and Space Global Ltd sets sights on nanosatellites in outer space ]]> http://www.proactiveinvestors.com.au/companies/news/144904/sky-and-space-global-ltd-sets-sights-on-nanosatellites-in-outer-space-69029.html Sky and Space Global Ltd (ASX:SAS) has secured a key launch contract with Space Logistics BV to launch SAS’s ‘3 Diamonds’ nano-satellites on board an Indian Polar Satellite Launch Vehicle (PSLV).

SAS, which listed on the ASX earlier this week, plans to deploy nano-satellites constellations in orbit to power a more affordable global communications network.

SAS is funded beyond the Q2 2017 launch of its nano-satellites, following the completion of the company’s recent oversubscribed IPO.

The IPO of $4.5 million was via a backdoor listing through the shell of Burleson Resources at $0.02. The stock has traded significant volumes since re-listing as investors take a liking to its prospects.

SAS’s launch partner ISL is the launch brokering services subsidiary of a leading European space solutions company Innovative Solutions In Space.

The executed contract with ISL secures a launch reservation and associated launch services for SAS’s three nano-satellites that will form a pilot constellation and initial communications network.

Once launched on the PSLV in Q2 2017, the network will provide a significantly cheaper platform for voice, data and instant messaging services.

SAS is on track to complete the construction of the three nano-satellites for delivery and Launch Readiness Review (LRR), in readiness for the Q2 2017 launch.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 03 Jun 2016 14:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/144904/sky-and-space-global-ltd-sets-sights-on-nanosatellites-in-outer-space-69029.html
<![CDATA[News - Sky and Space Global Ltd among Tuesday's ASX Most Traded with 81 million ]]> http://www.proactiveinvestors.com.au/companies/news/144902/sky-and-space-global-ltd-among-tuesdays-asx-most-traded-with-81-million-68949.html Tuesday's ASX Volume Leaders at the close.

Company NameCodeLastChangeVolume TV2U International Ltd TV2 $0.046 -11.11% 233,602,330 Latin Resources Ltd LRS $0.014 40% 138,602,883 Sky and Space Global Ltd SAS $0.028 0% 81,423,446 Medibank Private Ltd MPL $3.200 0.63% 60,983,677 Xped Ltd XPE $0.098 -2% 56,642,635 Austin Exploration Ltd AKK $0.008 -11% 53,278,046 Atlas Iron Ltd AGO $0.015 -6.25% 50,515,409 Star Striker Ltd SRT $0.026 18.18% 46,503,251 Volt Resources Ltd VRC $0.090 7.14% 41,119,912 Caeneus Minerals Ltd CAD $0.003 0% 39,677,290

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 01 Jun 2016 08:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/144902/sky-and-space-global-ltd-among-tuesdays-asx-most-traded-with-81-million-68949.html
<![CDATA[News - Burleson Energy Ltd is among Wednesday's ASX Most Traded with 115 million ]]> http://www.proactiveinvestors.com.au/companies/news/144901/burleson-energy-ltd-is-among-wednesdays-asx-most-traded-with-115-million-67781.html Wednesday's ASX Volume Leaders at the close.

Company NameCodeLastChangeVolume Australian Mines Ltd AUZ $0.024 -27.27% 115,048,498 Burleson Energy Ltd BUR $0.004 33.33% 68,978,857 Silver Mines Ltd SVL $0.001 0% 57,082,550 88 Energy Ltd 88E $0.069 1.47% 52,190,399 Caeneus Minerals Ltd CAD $0.001 -50% 48,369,566 Elixir Petroleum Ltd EXR $0.001 0% 26,000,000 GB Energy Ltd GBX $0.006 20% 25,050,506 South32 Ltd S32 $1.435 -2.05% 20,793,696 Kairiki Energy Ltd KIK $0.010 -16.67% 20,175,081 Odin Energy Ltd ODN $0.014 -6.67% 19,155,967

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Thu, 31 Mar 2016 08:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/144901/burleson-energy-ltd-is-among-wednesdays-asx-most-traded-with-115-million-67781.html
<![CDATA[News - Burleson Energy Ltd to outline placement ]]> http://www.proactiveinvestors.com.au/companies/news/144899/burleson-energy-ltd-to-outline-placement-67687.html Burleson Energy Ltd (ASX:BUR) is preparing to outline details in regards to a placement of securities.

The ASX has granted the company a trading halt, with its shares placed in pre-open.

Burleson has previously entered into an agreement to acquire 100% of Sky and Space Global UK (SSG).

SSG is focused on providing communication solutions to the global satellite market.

The halt will remain in place until the opening of trade on Tuesday 29th March 2016, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 23 Mar 2016 10:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/144899/burleson-energy-ltd-to-outline-placement-67687.html
<![CDATA[News - Burleson Energy Ltd in ASX trading halt pending agreement ]]> http://www.proactiveinvestors.com.au/companies/news/144898/burleson-energy-ltd-in-asx-trading-halt-pending-agreement-67468.html Burleson Energy Ltd (ASX:BUR) has been granted a trading halt by the ASX, with its shares placed in pre-open.

Burleson requested the halt pending details in relation to a material agreement
with an offshore telecommunications company.

The halt will remain in place until the opening of trade on Tuesday 15th March 2016, or earlier if an announcement is made to the market.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Fri, 11 Mar 2016 17:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/144898/burleson-energy-ltd-in-asx-trading-halt-pending-agreement-67468.html
<![CDATA[News - Burleson Energy to outline next steps for Sky & Space Global ]]> http://www.proactiveinvestors.com.au/companies/news/144896/burleson-energy-to-outline-next-steps-for-sky-space-global-66917.html Burleson Energy (ASX:BUR) has been granted a trading halt by the ASX, pending further details in relation to its proposed acquisition of Sky & Space Global (UK) Limited.

Sky & Space Global is a UK incorporated company by Israeli Aerospace and Satellite industry experts.

The company plans to deploy Nano-satellites constellations in orbit to provide global communication infrastructure and services to the telecommunications and international transport industries.

The halt will remain in place until the opening of trade on Wednesday 10th February 2016, or earlier if an announcement is made to the market.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Tue, 09 Feb 2016 08:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/144896/burleson-energy-to-outline-next-steps-for-sky-space-global-66917.html
<![CDATA[News - Burleson Energy is Thursday's ASX Most Traded with 160 million ]]> http://www.proactiveinvestors.com.au/companies/news/144894/burleson-energy-is-thursdays-asx-most-traded-with-160-million-65977.html Thursday's ASX Volume Leaders at the close.

Company NameCodeLastChangeVolume Burleson Energy BUR $0.010 25% 160,496,512 Falcon Minerals FCN $0.031 34.78% 78,158,517 Raya Group RYG $0.046 -4.17% 51,259,423 Spotless Group Holdings SPO $1.295 -2.26% 47,794,304 Overland Resources OVR $0.004 -33.33% 38,385,327 De Grey Mining DEG $0.001 0% 32,166,666 88 Energy 88E $0.012 20% 31,488,730 Telstra Corporation TLS $5.510 -0.18% 26,354,897 Lynas Corporation LYC $0.125 4.17% 23,543,422 Norwood Systems NOR $0.120 -14.29% 23,078,359

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 04 Dec 2015 08:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/144894/burleson-energy-is-thursdays-asx-most-traded-with-160-million-65977.html
<![CDATA[News - Burleson Energy shoots for the stars with nano-satellite technology ]]> http://www.proactiveinvestors.com.au/companies/news/144892/burleson-energy-shoots-for-the-stars-with-nano-satellite-technology-65974.html Burleson Energy (ASX:BUR) will parachute into the nano-satellite technology sector through the acquisition Sky and Space Global (UK) Limited, which is incorporated in England.

Sky and Space Global have the ability to provide phone and messaging communication solutions anywhere globally.

This technology has the potential to offer communication rates significantly cheaper, than existing providers due to significantly lower costs of operation.

This positions the company to disrupt the growing $5 billion revenue global satellite narrow-band communications market (forecast to be worth $10 billion by 2021).

Burleson has entered into a binding heads of agreement for the acquisition, which would constitute a change in the nature and scale of the company’s activities.

It would also require shareholder approval and re-compliance with Chapters 1 and 2 of the Listing Rules.

Burleson will have to lodge a prospectus and raise an indicative minimum of $4,000,000 at no less than $0.02 a share.


Consideration

- US$100,000 within 5 business days of execution of the agreement.
- 3.7 billion shares.
- 1.5 billion performance shares in various tranches.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 03 Dec 2015 15:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/144892/burleson-energy-shoots-for-the-stars-with-nano-satellite-technology-65974.html
<![CDATA[News - Burleson Energy set to outline material acquisition ]]> http://www.proactiveinvestors.com.au/companies/news/144891/burleson-energy-set-to-outline-material-acquisition-65915.html Burleson Energy (ASX:BUR) is preparing to outlined details of a material acquisition, with the ASX granting the company a trading halt to prepare.

Burleson recently outlined that it was positioned to seek new projects.

The halt will remain in place until the opening of trade on Thursday 3rd December 2015, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 01 Dec 2015 13:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/144891/burleson-energy-set-to-outline-material-acquisition-65915.html
<![CDATA[News - Burleson Energy leads ASX % Gainers with 100% charge ]]> http://www.proactiveinvestors.com.au/companies/news/144889/burleson-energy-leads-asx-gainers-with-100-charge-65071.html Tuesday's leading ASX % Gainers intra-day.

 

CompanyCodeLastChangeVolume Burleson Energy BUR $0.004 100% 16,999,787 Queensland Mining Corp QMN $0.009 80% 3,556,623 Key Petroleum KEY $0.005 66.67% 1,857,100 Carnavale Resources CAV $0.014 55.56% 1,236,139 Traka Resources TKL $0.020 53.85% 280,000 AnaeCo ANQ $0.003 50% 200,000 Astro Resources ARO $0.030 50% 100,000 Pancontinental Oil PCL $0.006 50% 5,007,699 Regal Resources RER $0.034 36% 230,000 MHM Metals MHM $0.008 33.33% 100,000

 

 

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Tue, 13 Oct 2015 13:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/144889/burleson-energy-leads-asx-gainers-with-100-charge-65071.html
<![CDATA[News - Burleson Energy to make a placement ]]> http://www.proactiveinvestors.com.au/companies/news/144887/burleson-energy-to-make-a-placement-64482.html Burleson Energy (ASX:BUR) is preparing to outline details of a placement, with the ASX granting the company a trading halt to prepare.

Burleson recently said that it is considering selling its production assets at an industry auction in either September or October 2015, subject to a achieving a reasonable commercial outcome from the process.

The company has also been reviewing a number of assets and projects.

The halt will remain in place until the opening of trade on Tuesday 15th September 2015, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 11 Sep 2015 13:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/144887/burleson-energy-to-make-a-placement-64482.html
<![CDATA[News - Burleson Energy flowing gas and condensate from Texas well ]]> http://www.proactiveinvestors.com.au/companies/news/144885/burleson-energy-flowing-gas-and-condensate-from-texas-well-59951.html Burleson Energy (ASX:BUR) is flowing 1.4 million cubic feet of gas and 30 barrels of condensate per day from its Truchard-3 well at the Heintschel Project in Texas.

This is more than 50% higher than the Truchard-2H horizontal well.

Truchard-3 was put into production on 24th December 2014 and has been discharging frac fluids and drilling fluids while producing increasing amounts of gas and condensate.

Burleson has a 50% working interest in the well.

The company had $1.1 million in cash as at 30th September 2014.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 07 Jan 2015 16:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/144885/burleson-energy-flowing-gas-and-condensate-from-texas-well-59951.html
<![CDATA[News - Burleson Energy secures rig for Texas oil and gas well ]]> http://www.proactiveinvestors.com.au/companies/news/144884/burleson-energy-secures-rig-for-texas-oil-and-gas-well-54971.html Burleson Energy (ASX: BUR) has signed a rig contract for the drilling of its Golla-1 oil and gas well in the Heintschel Field, Texas.

The rig is currently expected to be on location in early July though the company has requested the first available time slot.

Golla-1, which is expected to cost US$2.2 million, will test a 135 acre anomaly that was identified as a result of successful drilling of three wells undertaken nearby.

These analogous wells have been extremely productive with one well, Cannon-1, producing 1.3 billion cubic feet of gas and 63,465 barrels of oil in its first five months of production.

Golla-1 is located within the 704 acre Truchard Unit in which Burleson has a 50% working interest.

If it is successful, there are at least 2 more "sweet spot" drilling locations on the 135 acre anomaly that will be pursued.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 15 May 2014 13:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/144884/burleson-energy-secures-rig-for-texas-oil-and-gas-well-54971.html
<![CDATA[News - Burleson Energy to drill Texas oil and gas well ]]> http://www.proactiveinvestors.com.au/companies/news/144882/burleson-energy-to-drill-texas-oil-and-gas-well-54841.html Burleson Energy (ASX: BUR) and its joint venture partners have fully committed to funding drilling of the Golla-1 oil and gas well in the Heintschel Field in Texas.

The US$2.2 million well will test a 135 acre anomaly that was identified as a result of successful drilling of three wells undertaken nearby.

These analogous wells have been extremely productive with one well, Cannon-1, producing 1.1 billion cubic feet of gas and 55,000 barrels of oil in its first five months of production.

Golla-1 is located within the 704 acre Truchard Unit in which Burleson has a 50% working interest.

If it is successful, there are at least 2 more "sweet spot" drilling locations on the 135 acre anomaly that will be pursued.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 09 May 2014 13:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/144882/burleson-energy-to-drill-texas-oil-and-gas-well-54841.html
<![CDATA[News - Burleson Energy set to drill new oil and gas well at sweet spot in Texas ]]> http://www.proactiveinvestors.com.au/companies/news/144880/burleson-energy-set-to-drill-new-oil-and-gas-well-at-sweet-spot-in-texas-53881.html Burleson Energy (ASX:BUR) is set to drill a prospective oil and gas target in Heintschel field area in Texas, USA, where a distinctive seismic anomaly suggests a high quality Wilcox sand reservoir.

The target's significance became more apparent following positive results of five nearby wells drilled on very similar anomalies.

The near field anomalies cover smaller acreages, and have produced at initial rates of up to 400 barrels of oil per day and 800 million cubic feet of gas per day.

One of these wells produced 40 thousand barrels of oil and 800 million cubic feet of gas within its first 100 days, which represents revenue of around $7 million in that time.

The company's technical team and operator, AKG, believe that the 135 acre anomaly could be indicative of the presence of a better quality reservoir than seen elsewhere in the field to date.

Burleson has resolved to prioritise this target, and is now in the process of securing permits and mobilising a drill rig.

A vertical, unfracced well will be drilled at a total cost of around $2 million.

Burleson holds a 50% working interest, $2.5 million in cash and monthly income from five producing wells, and thus ample balance sheet capacity for this initiative.

If the first well is successful, there are at least 2 more "sweet spot" drilling locations on the 135 acre anomaly that will be pursued.

Burleson is capitalised at just over $6 million, so the potential upside appears interesting.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 25 Mar 2014 12:20:00 +1100 http://www.proactiveinvestors.com.au/companies/news/144880/burleson-energy-set-to-drill-new-oil-and-gas-well-at-sweet-spot-in-texas-53881.html
<![CDATA[News - Burleson Energy's shares heat up with 63.6% jump ]]> http://www.proactiveinvestors.com.au/companies/news/144879/burleson-energys-shares-heat-up-with-636-jump-47601.html Burleson Energy's (ASX: BUR) shares hit an intra-day high of $0.018 yesterday, which is a 63.6% jump from the closing price a day before, with the company receiving an ASX Price and Volume Query.

The company has projects onshore in Texas, U.S.

Burleson replied that it was not aware of any material information that had not been released, which may explain the investor interest.

The company did point back the June quarterly 2013 which said that, "BUR management are continuing a program to attract a partner or partners to join that development and to pursue our exploration portfolio."

Activity during the period included continued production from the Truchard-2 Horizontal Development Well, with a focus on producing/monitoring T2H while changes were made to the “plumbing” of the well.

Importantly for Burleson production from 4 wells continues to provide revenue in excess of costs.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 05 Sep 2013 09:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/144879/burleson-energys-shares-heat-up-with-636-jump-47601.html
<![CDATA[News - Burleson Energy doubles gas production at Texas horizontal well ]]> http://www.proactiveinvestors.com.au/companies/news/144877/burleson-energy-doubles-gas-production-at-texas-horizontal-well-41283.html Burleson Energy (ASX: BUR) has nearly doubled gas production at its Truchard 2H well horizontal well in Texas after opening up the sixth frac sleeve in the well.

Truchard-2H is now producing 2.4 million cubic feet of gas and 60 barrels of condensate per day. Should these rates be sustained, the well could generate US$215,000 net to Burleson per month.

Notably, water production has steadily decreased since Frac Sleeve 6 was brought on stream with the company expecting further improvement as it continues to clean-up and the choke is gradually opened up.

The well is a major step in the development of the Heintschel field and could point the way for further horizontal wells.

Burleson has a 50% working interest in the field.

The company had $2.2 million in cash as of 31 December 2012.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 26 Mar 2013 16:50:00 +1100 http://www.proactiveinvestors.com.au/companies/news/144877/burleson-energy-doubles-gas-production-at-texas-horizontal-well-41283.html
<![CDATA[News - Burleson Energy keeps close watch on Texas oil shales ]]> http://www.proactiveinvestors.com.au/companies/news/144875/burleson-energy-keeps-close-watch-on-texas-oil-shales-39740.html Burleson Energy (ASX: BUR) has received encouragement that the oil and wet gas prospective Midway and Navarro shales may be present in its Colorado County, Texas, acreage.

It noted that shale gas independent Halcón Resources (NYSE: HK) a US$1.6 billion market cap has had encouraging results from the two wells it drilled into the shales.

While the high profile shales in the acreage are generally too deep to be prospective for anything but gas, Halcón’s work appears to have proven the Midway and Navarro are oil and wet gas prone and may be able to be developed commercially.

Burleson noted that there is always a learning curve to be negotiated in all new shale plays and that Halcón was in the early stages of that process.

It added that should the play be developed to an extent where activity in its acreage is justified, it would seek out partners for the deeper section.

 

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Tue, 19 Feb 2013 14:40:00 +1100 http://www.proactiveinvestors.com.au/companies/news/144875/burleson-energy-keeps-close-watch-on-texas-oil-shales-39740.html
<![CDATA[News - Burleson Energy improving Texas well production ]]> http://www.proactiveinvestors.com.au/companies/news/144874/burleson-energy-improving-texas-well-production--37429.html Burleson Energy (ASX: BUR) has made good progress with its Truchard-2H horizontal well in Texas with gas and condensate production increasing and water production declining.

The well is currently producing about 1.5 million cubic feet of gas and 60 barrels of condensate per day from frac sleeves 1 to 5, with frac sleeve 6 closed.

It is also disposing about 1,400 barrels of water per day.

This is expected to yield gross revenue of about US$355,000 per month prior to operating costs, production taxes and royalty interests.

The cost of remediation and testing activities at the well is expected to be about US$1.6 million ($0.8 million net to Burleson) over the previously announced US$6.3 million cost to drill, frac and complete the well.

Burleson will pay this cost of this from its cash at hand though it noted that the cost be somewhat offset by sale of wet gas and condensate produced during the testing period.

Current activity is focused on determining and controlling the source of excess water production in the well before another horizontal well can be drilled on the Heintschel field or for a field development decision to be made.

 

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Tue, 18 Dec 2012 11:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/144874/burleson-energy-improving-texas-well-production--37429.html
<![CDATA[News - Burleson Energy continues remedial work on Truchard well ]]> http://www.proactiveinvestors.com.au/companies/news/144872/burleson-energy-continues-remedial-work-on-truchard-well-36638.html Burleson Energy (ASX:BUR) is continuing remedial work at its Truchard-2 well at Heintschel field in Texas with a test flow from frac slots 1 to 5 through production tubing continuing to monitor the production.

This will be followed by a separate flow test from sleeve 6.

Since Burleson could not obtain the original spinner data, it is now planning to run a new spinner survey or alternative flow test to attempt to identify the source of the water.

Burleson had earlier reported that it suspected the frac sleeve 6, which is closest to the horizontal section, was producing abnormal quantities of water.

The Heintschel field is a substantial gas-condensate discovery hosted by Wilcox Formation tight sand reservoirs in Colorado County, Texas.

The development well is located 785 metres from Burleson’s established producing Truchard-1 (vertical) well and is the fourth well on the Heintschel gas condensate field - and is the first horizontal development well.

The well was drilled to a total length of 4,122 metres including a horizontal section 700 metre long.  It was initially drilled to a true vertical depth of about 3,500 metres where casing was set.    

The second phase involved drilling the horizontal section and setting casing in the horizontal leg. The final phase involved a six stage frac, followed up by a clean up phase prior to completion and hydrocarbon sales.


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Fri, 30 Nov 2012 10:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/144872/burleson-energy-continues-remedial-work-on-truchard-well-36638.html
<![CDATA[News - Burleson Energy to test water levels at Texas frac well ]]> http://www.proactiveinvestors.com.au/companies/news/144870/burleson-energy-to-test-water-levels-at-texas-frac-well-35913.html Burleson Energy (ASX:BUR) has developed a plan to test water levels at one of the frac sleeves at its development well at the Heintschel field in Texas.

The company plans to set a retrievable packer below the frac sleeve and test flow from frac slots 1 through 5 through production tubing. The test flow is likely to start next week.

Burleson had earlier reported that it suspected the frac sleeve 6, which is closest to the horizontal section, was producing abnormal quantities of water.

If the water flow is significantly reduced relative to gas flow, then water influx into sleeve 6 can be significantly fixed. However, in the event of frac sleeve 6 being still inundated, it can be potentially squeezed off and the well produced from the first 5 sleeves.

Burleson said that the cost of the work is estimated to be around $120,000, with about half of it already budgeted for in the original well plan.

The well was already brought on to gas sales last month, with it flowing at a restricted rate of 1.5 thousand cubic feet of gas and about 70 barrels of condensate per day.

Burleson's earlier attempts at locating the frac with water influx was unsuccessful with spinner surveys not yielding diagnostic information,

However, ancillary temperature information recorded in the first run indicated that frac slot 6 is possibly producing water at abnormally high rates.

The Heintschel field is a substantial gas-condensate discovery hosted by Wilcox Formation tight sand reservoirs in Colorado County, Texas. The development well is located 785 metres from Burleson’s established producing Truchard #1 (vertical) well and is the fourth well on the Heintschel gas condensate field - and is the first horizontal development well.


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Thu, 15 Nov 2012 11:40:00 +1100 http://www.proactiveinvestors.com.au/companies/news/144870/burleson-energy-to-test-water-levels-at-texas-frac-well-35913.html
<![CDATA[News - Burleson Energy to cut water production at Texas gas well ]]> http://www.proactiveinvestors.com.au/companies/news/144868/burleson-energy-to-cut-water-production-at-texas-gas-well-35601.html Burleson Energy (ASX: BUR) has identified the potential source of excess water produced during flow back of its first horizontal development well at the Heintschel gas condensate field, Texas.

While two spinner surveys run in the Truchard-2H well both suffered failures of the spinner tool, ancillary temperature information was recorded in the first run indicated that frac slot 6, the closest to the vertical section, could be producing water at abnormally high rates.

The company now plans to set a retrievable packer below frac sleeve 6 and test flow from frac slots 1 to 5 through production tubing, while waiting to see if recorded spinner data can be recovered from the first spinner tool.

If this results in a reduction in water flow relative to gas flow, then Burleson may either remediate frac sleeve 6 or close it and produce from the bottom 5 frac sleeves.

This work is expected to be completed within the next week. The cost of the work will be about $120,000, of which half is already accounted for in the original well budget.

Prior to the start of this remedial work, the Truchard-2H had flowed at a restricted rate of 1.5 million cubic feet of gas and 70 barrels of condensate into the gas sales line.

The flow included 1,400 barrels of water per day, which is a manageable level with current lease equipment,

 

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Thu, 08 Nov 2012 11:40:00 +1100 http://www.proactiveinvestors.com.au/companies/news/144868/burleson-energy-to-cut-water-production-at-texas-gas-well-35601.html
<![CDATA[News - Burleson Energy connects Texas gas well to sales pipeline ]]> http://www.proactiveinvestors.com.au/companies/news/144867/burleson-energy-connects-texas-gas-well-to-sales-pipeline-35145.html Burleson Energy (ASX: BUR) has connected first horizontal development well at the Heintschel gas condensate field, Texas, to the gas sales line and expects it to be highly productive.

This is contingent on remediating the relatively high water production and the company is currently testing each of the Truchard-2H well’s six fracture stimulation slots for water flow rates to identify which slots are contributing disproportionately to overall water production.

A frac slot identified as producing unusually high water levels can be plugged to eliminate production from that frac.

The process of collecting and analysing water flow data is expected to take about three weeks.

Should this succeed in reducing or eliminating the disproportionate water production, it would enable Burleson to formulate a long-term strategy of developing the large, Heintschel gas condensate field through additional horizontal wells.

Truchard-2H had flowed gas at rates of up to 3 million cubic feet per day along with associated condensates.

 

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Tue, 30 Oct 2012 14:40:00 +1100 http://www.proactiveinvestors.com.au/companies/news/144867/burleson-energy-connects-texas-gas-well-to-sales-pipeline-35145.html
<![CDATA[News - Burleson Energy flows 3.3MM cubic feet of gas from Texas well ]]> http://www.proactiveinvestors.com.au/companies/news/144865/burleson-energy-flows-33mm-cubic-feet-of-gas-from-texas-well-34774.html Burleson Energy (ASX: BUR) has flowed wet gas at a rate of 3 million cubic feet per day along with associated condensates from its first horizontal development well at the Heintschel gas condensate field, Texas.

Gas from the Truchard-2H well is being temporarily flared while the drilling fluids are purged, and condensate is being collected and stored for sale.

Truchard-2H is located about 785 metres from the producing Truchard-1 vertical well and is the fourth well targeting the Heintschel field.

Independent analysis by Integrated Petroleum Consultants indicates that Truchard-2H should have cumulative production of 7 billion cubic feet of liquids-rich gas and 200,000 barrels of condensate over a 10 year life.

It also looks set to pave the way for full development of the Heintschel gas-condensate field, which Burleson anticipates will be financed through a combination of project debt, farm-out and possible corporate joint venture.

Burleson has a 50% working interest and a 1.13% overriding royalty interest in the well and the Truchard unit.

 

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Mon, 22 Oct 2012 13:10:00 +1100 http://www.proactiveinvestors.com.au/companies/news/144865/burleson-energy-flows-33mm-cubic-feet-of-gas-from-texas-well-34774.html