Macallum New Energy is an emerging onshore energy explorer with 100% ownership of two highly prospective permits in Western Australia’s Northern Perth Basin. Positioned in a proven hydrocarbon region, it is focused on unlocking material value through disciplined exploration, technical rigor, and future development. Backed by an experienced heritage and a clear growth strategy, the Company offers investors leveraged exposure to Australia’s next onshore energy opportunities.
Macallum New Energy (ASX:MNE)
MNE
Lead Manager
Contact - Kirwan Mactaggart
0448237045
kirwan@liquidity.com.au
Offer Price
A$0.200
per share
Offer Size
A$6,000,000
Offer Details
Issue Price (Per Share)
A$0.200
Offer Size
A$6,000,000
Shares Available
30,000,000
Initial Public Offer at $0.20 to raise $6m with the ability to accept overs up to $9m
Company Overview
Macallum is a high-impact Perth Basin gas exploration company led by a proven discovery team, with CEO Andy Furniss having previously led the AWE team that discovered the giant Waitsia gas field before its A$600m acquisition by Mitsui. The Company controls highly prospective acreage where the prolific Permian play is interpreted to extend, including the largest defined structure in the basin, supported by dense 2D seismic and a 1.3 Tcf mid-case prospective resource, more than twice the size of Waitsia. With additional upside in the shallower Jurassic play, exposure to a gas-constrained West Coast market, and a clear pathway to 3D seismic, farm-out, and drilling, Macallum offers investors rare remaining leverage to a proven play amid strong industry consolidation and acquisition appetite
Investment Highlights
Macallum offers a compelling investment proposition underpinned by scale, scarcity, and proven leadership.
- The Company provides rare remaining leverage to the highly successful Permian gas play in the Perth Basin, with ~2 Tcf of recoverable gas potential across high-quality prospects.
- Led by a Tier 1 management team with a demonstrated discovery and value-creation track record, Macallum is positioned in a gas-constrained West Coast market
- Supported by a clear, low-risk pathway of value-adding catalysts including 3D seismic, farm-out, and multi-well drilling targeted from 2027.
Use of Funds
Minimum Subscription
Maximum Subscription
A$
%
A$
%
Work Program
$2,810,000.00
46.84%
$4,560,000.00
50.67%
Reimbursement to MGL
$500,000.00
8.33 %
$500,000.00
5.56%
Corporate Administration
$1,400,000.00
23.33%
$2,100,000.00
23.33%
Costs of the Capital Raising Offer
$720,000.00
12 %
$910,000.00
10.11%
Working capital and cash contingencies
$570,000.00
9.50%
$930,000.00
10.33%
Work Program
(Min Subscription)
(Max Subscription)
$2,810,000.00
$4,560,000.00
46.84%
50.67%
Reimbursement to MGL
(Min Subscription)
(Max Subscription)
$500,000.00
$500,000.00
8.33 %
5.56%
Corporate Administration
(Min Subscription)
(Max Subscription)
$1,400,000.00
$2,100,000.00
23.33%
23.33%
Costs of the Capital Raising Offer
(Min Subscription)
(Max Subscription)
$720,000.00
$910,000.00
12 %
10.11%
Working capital and cash contingencies
(Min Subscription)
(Max Subscription)
$570,000.00
$930,000.00
9.50%
10.33%
Disclaimer
This site does not constitute an offer, recommendation, or invitation to any person, nor does it purport to provide all of the information an interested party may require in order to investigate the affairs of Macallum New Energy. This site is provided for information only and has not been prepared with the intention that the recipient should rely on it. Liquidity Technology Pty Ltd ("Liquidity") does not make any representation in relation to the contents of this site or give any assurances as to the accuracy or the degree of care or diligence used in preparing this document. The information, data, and advice herein is provided to recipients on the clear understanding that Liquidity nor any of its representatives, directors, officers, employees, agents, or advisers makes any representation or warranty about its accuracy, reliability, completeness, or suitability for any particular purpose and does not accept liability (including, but not limited to, for any expenses, losses, damages, and/or costs (including, but not limited to, indirect or consequential damage)) nor take any responsibility of any kind whatsoever (including, but not limited to, whether in contract, tort, financial or otherwise) for the information, data, or advice contained in or for any omission or for any other information, statement, or representation provided to any recipient (including, but not limited to, as a result of information, data, or advice being inaccurate, unreliable, incomplete, or unsuitable in any way and for any reason whatsoever). Users of this site must conduct their own investigation and analysis regarding any information, statement, or representation contained or provided to any recipient or its associates by Liquidity or any of the Liquidity Personnel. Each recipient waives any right of action, which it has now or in the future against Liquidity or any of the Liquidity Personnel in respect of any errors or omissions on or from this site, however caused. All rights are reserved. If the whole or any part of a provision of this "Notice and Disclaimer" is invalid, illegal, or unenforceable, then such provision will be severed and neither that part or provision or its severance will affect the validity or enforceability of the remaining parts or provisions.
Disclosure of Interest: Liquidity receives commission from dealing in securities and its introducers of business may directly share in this commission. Liquidity and its associates may hold shares in Macallum New Energy.
