Latest Strategic Shift News

Cue Energy Resources has locked in a multi-year gas sales agreement with the Northern Territory Government, underwriting the drilling of two new wells at Palm Valley. This deal replaces a prior tentative supply plan and promises stable cash flow through to 2034.

Central Petroleum has secured a binding gas sales agreement with the Northern Territory Government, underpinning two new Palm Valley wells that could lift production capacity by around 40%. The deal replaces a prior arrangement and is supported by an expanded loan facility.

Horizon Oil’s Letter of Intent with Power and Water Corporation for a new Mereenie gas sales deal has expired without replacement, prompting a suspension of planned infill drilling and a notable cut to capital expenditure forecasts.

Fonterra has appointed Richard Allen as its new CEO starting 1 May 2026, marking a leadership transition aimed at sustaining strategic momentum and financial discipline. Allen’s deep roots in the cooperative and global experience position him to guide Fonterra’s next chapter.

Spheria Emerging Companies Limited (ASX:SEC) has reported its shares traded at an average premium to pre-tax NTA over the 2025-26 financial year, successfully passing a key conditional proposal and confirming its continued status as a listed investment company (LIC).

TerraCom Limited announces the resignation of Managing Director Danny McCarthy effective 30 April 2026, with Chris Bourke appointed as interim CEO. McCarthy will support the transition until September 2026, while the Board confirms no changes to operational or strategic priorities.

Multistack International Limited (ASX:MSI) has agreed in principle to sell all its assets and liabilities to Hong Kong-based Willing Y Limited, marking a significant strategic shift as MSI plans to discontinue its current business and explore new opportunities.

WAM Income Maximiser Limited has announced increased fully franked monthly dividends for Q2 2026, reflecting robust portfolio performance since its April 2025 IPO. The diversified investment strategy combining Australian equities and investment grade corporate debt has outperformed its benchmark by 6%, delivering both income growth and reduced volatility.

Clara Resources pivots exclusively to its Mareeba Gold Project in North Queensland, securing $1.1 million in fresh capital and renewing its board to drive exploration in a historically rich but underexplored gold province.

Orion Minerals secures a major milestone as South Africa’s IDC converts its loan into a significant equity stake in the Prieska Project, streamlining financing and advancing development plans.

Harvest Technology Group is sharpening its focus on defence markets following an independent review that validates its Nodestream platform’s relevance. The company has initiated third-party validation and made significant leadership changes, including the CEO’s departure.

The Star Entertainment Group has completed the first stage of its exit from the Destination Brisbane Consortium, locking in a fixed $18 million annual operator fee and shedding a major debt guarantee.