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KEA Kea Petroleum

1.15
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Kea Petroleum KEA London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 1.15 01:00:00
Open Price Low Price High Price Close Price Previous Close
1.15
more quote information »

Kea Petroleum KEA Dividends History

No dividends issued between 30 Apr 2014 and 30 Apr 2024

Top Dividend Posts

Top Posts
Posted at 19/11/2015 18:08 by papillon
KEA. Dead as a dodo.
Posted at 07/7/2015 08:57 by mariopeter
Better shells around. SRO has cash of 11p in the bank and no debt and sitting dormant on the market at 4p. Seems a good idea but as a shareholder in SRO its very very tedious waiting for something to happen as the share price falls and falls ignoring fundamentals. Its an oiler and maybe KEA should have tried to reverse in there.
Posted at 26/6/2015 16:48 by gerhart
Anhd something else that seems odd: KEA is now "through subscriptions by existing substantial shareholders (including directors and associate parties) and others" to raise 1m for a Co that will be a shell. But could not top-up the money of PIs on Primary Bid to get to 3m for a Co with a real assett and also an additional potentially huge asset? ODD.
Posted at 26/6/2015 10:31 by gerhart
I agree with you Mario, I don't undertsand the logic of this on Puka alone. Surely it's worth more - alone - than they are basically selling all assests for - including Shannon which is supposed to have so much potential! So even if the BOD just wanted to screw the PIs, would it not be much better for the BOD, or some of them, to do a management buy out?! The other thing I don't get legally is how the shares will only be UN-suspended if we AGREE to this plan. In other words no one else can make a bid to buy the company CHEAP via the stock market and our shares? (and remember apart from assets it also has all those recorded losses to off-set) I know we are in a corner but I just don't understand the logic of this. Just looks like a very poor plan. Unless Caleria, the purchasing Co are the BOD under another name! Can we really be locked into suspension unless we agree to the one and only choice put forward? Seems incredible.

Waht do you mean: The word is out KEA are thinking of buying a financial reporting business for £1m!...and the link only takes you to the worldbox front page? What were you intending? Thanks.

And another thought: At one of the presentations IRGS said Shannon was such a good prospect that if it was a private Co he would gamble and put all the money in. So why doesn't he even try and put a better deal forward for the whole Co and then he can have it and put in all the money for Shannon. Something just doesn't add up here.
Posted at 26/6/2015 09:41 by mariopeter
.

So you try and reconcile the numbers. A month ago the KEA board were valuing the Co at what £4m touting shares on the net. Now this bunch show up and offer to buy Shannon for £222000 and further will now demand £111000 if the deal is not done for loss of time and opportunity cost. The directors don't want to sell to anyone else.

Wouldn't get my vote. Very very poor deal for shareholders and better to keep the asset for another day. This is very very poor and i think time for the KEA board to leave.

Just who is hoodwinking who.
Posted at 01/5/2015 10:42 by librag
Sorted. Apparently there's a problem with some email accounts. If anyone else has similar problems just phone them. Yaron's very helpful and sorted it by deleting my a/c and starting again with a new email address.

Hope this idea works for us small investors, starting with KEA. 6 days left to bid.

GLA.
Posted at 22/9/2014 10:48 by topinfo
fenseal excellent news just out as well m8


Kea Petroleum PLC Issue and Allotment of Ordinary Shares
Print
Alert

TIDMKEA

RNS Number : 2390S

Kea Petroleum PLC

22 September 2014


For immediate release 22 September 2014


Kea Petroleum plc

("Kea" or the "Company")

Issue and Allotment of Ordinary Shares following Exercise of Conversion Rights

Kea Petroleum plc (AIM: KEA), the oil and gas company focused on New Zealand, announces that it has received a notice of exercise by Darwin Strategic Limited ("Darwin") to convert GBP500,000 of Darwin's Convertible Loan Notes at a gross conversion price of 1.0p per share. Details of the Convertible Loan Notes ("CLNs") were announced by Kea on 23 May 2014 pursuant to which 50,000,000 ordinary shares (the "Conversion Shares") now fall to be issued. These shares represent the final tranche of Conversion Shares to be issued in connection with the CLNs facility announced on 23 May 2014.

Application has been made for the Conversion Shares to be admitted to trading on AIM with admission expected to take place on 26 September 2014. The Conversion Shares will rank pari passu in all respects with all existing ordinary shares in the Company.

Following admission of the Conversion Shares, the Company's enlarged issue share capital will comprise 939,869,567 ordinary shares with voting rights.

For further information please contact:


Kea Petroleum plc Tel: +44 (0)20 7340
David Lees, Executive Director 9970
WH Ireland Limited (NOMAD) Tel: +44 (0)20 7220
Posted at 04/9/2014 14:40 by greenrichard
This is a snippet from an Edison Research note issued today on MEO

New Zealand: Unfortunately not so Puka

Since farming into Kea Petroleum’s (AIM: KEA) Taranaki Basin field in April 2014, the work programme has focused on working over Puka 1 and 2, previously drilled wells that required minimal work overs and were targeting around 160b/d once completed. As of the end of July 2014 these wells were producing 110b/d on conservative pump rates and operator Kea believes this can
be increased steadily. The major element of the Kea farm-in was the drilling of the Puka-3 well, a deviated well, with bottom hole location approximately 1.5km from the existing Puka well pad, targeting an identified sweet spot from a 50km2 3D shoot undertaken by Kea and reprocessed by MEO. On 19 August, Kea announced that the Puka-3 encountered a water-bearing interval in the target formation with the oil water contact higher than expected. The Mount Messenger formation was thicker than prognosed but poorer quality than found in the Puka-2 well, and the well has been abandoned. As the workovers and drilling of Puka-3 have now been completed, MEO is entitled to receive 30% of revenue from all Puka production, approximately 33b/d currently. MEO holds a further option to increase its working interest to 50% by spending NZ$7.5m. The option must be exercised within six months of completing the Douglas-1 testing, the remaining part of the Phase 1 work, at which point MEO can exercise the option, remain at 30% or withdraw from the permit. It is too early at this stage to predict what will serve MEO’s long-term strategy best and certainly the results of the Douglas test will be required before the extent of the Puka field, and its underlying Tikorangi potential can be determined. However, we feel there will have to be a compelling geological reason to justify additional drilling. At present, and without further encouragement from the Douglas-1 testing results, the project represents negligible value and thus the company’s strategy should be to reduce operating costs and maximise production if MEO is to remain within
the project. In our opinion MEO should not be too hasty to exit the project at this stage, as funds have already been sunk and the cash flow will recoup some of the initial investment and avoid further write downs.
Posted at 21/8/2014 08:53 by enigma2oo2
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See Carla is obviously McLellan as they both post on exactly the same threads, McLellan taught me that bit of detective work, sheer genius you know?
6 posts a day from the maccem, all saying "its a bluey"

PMSL
Posted at 19/8/2014 15:22 by bad robot
Buzz

It seems you forget to mention when I said why were they selling, if supposed good news is due; to get out before the stampede


But mm had inventories to sell, so of course they palmed the share the likes of IT. IT was saying a reservoir at 3.4p. LOLOL




13/08/2014 10:40 UKREG Kea Petroleum PLC Holding in Company LSE:KEA Kea Petroleum
07/08/2014 10:08 UKREG Kea Petroleum PLC Holding in Company LSE:KEA Kea Petroleum
04/08/2014 08:56 UKREG Kea Petroleum PLC Holding in Company

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