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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Kea Petroleum | KEA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| 0.00 | 0.00% | 1.15 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.15 | 1.15 |
| Top Posts |
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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 10/11/2014 15:51 by nick rubens Re-Capitalisation coming? ie Pass the plate to investors? |
Posted at 07/11/2014 22:03 by alexturner Here are the degenerate ramper Ms mclala's dogs...Anyone taking advice from one who is demonstrably the world's worst investor (in reality, she is doing the opposite of what she is advocating, but "ssshhhhh" she thinks it isn't obvious) must need a full frontal 'tomy. |
Posted at 03/11/2014 15:56 by mariopeter An extract albeit pessimistic one is below. We knew all of this but we did not know about the potential investor:"Going concern The Group has incurred a loss of GBP3,819,000 for the year ended 31 May 2014. In common with other junior exploration companies, the Group is reliant on raising further funds periodically through equity finance, including share options and warrants, or possibly debt facilities to achieve its long term objectives. The directors have prepared operating cashflow forecasts and projections which assume a minimum level of expenditure to conform with the requirements of the Group's exploration licences for the 12 months from the date of signing these financial statements, which show a funding shortfall in 2015. The directors are in discussions with a potential investor to secure additional funding that would cover the shortfall, but an agreement has not yet been signed. If the Group is unable to secure this funding and cannot find alternative sources of financial support, the Group may cease to be a going concern. In these circumstances adjustments may be required to reflect the position that assets may not be realised at the amounts currently disclosed in the Statement of Financial Position, and additional liabilities may be incurred. In addition, the Group's operating cashflow forecasts and projections include certain assumptions in relation to the level of future production and consequent revenues from the Puka Wells, which can vary due to possible fluctuations in both the oil price and foreign exchange rates. The directors have concluded that the combination of these circumstances represents a material uncertainty that may cast significant doubt upon the Group's ability to continue as a going concern. Nevertheless after making enquiries, and considering the uncertainties described above, the directors have an expectation that the Group will have access to adequate resources to continue in operational existence for the foreseeable future and for these reasons, they continue to adopt the going concern basis in preparing the annual report and Group financial statements." |
Posted at 22/8/2014 12:39 by mclellan enigma- no..it's sarcasm, numptieTo you, a ramper is anyone who actually researches a share and posts any relevant information.Even worse if they approach Investor Relations which is normal for normal investors, not aggressive rude little shorters. Creep back under your stone, if you can get space for all your other avatars in there with you. |
Posted at 21/8/2014 10:18 by bad robot and lets' not forget that scumbag slagging their ceo, their entire management threatening to sink them too. LOLand yet this scumbag still clogging threads and abusing paying customers of afn. Yes vote with your feet, can't be buying advfn shares, when a goon is saying it has enough to sink advfn. Could be true enigma2OO2 21 Aug'14 - 10:14 - 7644 of 7645 1 0 I have sold my shares in AFN as they seem unable to control these morons who slag off the company, accusing it of incompetence and worse, which can only put of possible investors. Prior to selling I informed AFN legal dept. of this gang, watch this spac |
Posted at 21/8/2014 10:14 by enigma2oo2 I have sold my shares in AFN as they seem unable to control these morons who slag off the company, accusing it of incompetence and worse, which can only put of possible investors.Prior to selling I informed AFN legal dept. of this gang, watch this space. |
Posted at 20/8/2014 11:13 by offerman Hi Byret, YES: PVR 64m shares in circa (very very few!!) Market Cap: 75M 380MBO discovery at Barry Roe (Ireland) Sample Period High Low 1 week 132.50 105.50 4 weeks 132.50 101.50 12 weeks 198.00 101.50 1 year 390.00 101.50 Just out Oil Barell write up on PVR A busy summer for Providence Resources as it amasses Atlantic Margin dataset ahead of licensing round 20 Aug 2014 by Our Oilbarrel Staff Its shares may still be under pressure as investors anxiously await news of next steps on its breakthrough Barryroe oil discovery in the Celtic Sea but Providence Resources continues to roll out its ambitious programme to unlock resources elsewhere in Ireland. The AIM-quoted company, which in 2012 confirmed Ireland's first commercial oil discovery, has been a catalyst for a step change in activity levels in Irish waters, including the deep frontier waters off the west coast.While first efforts here proved disappointing when the ExxonMobil-led Dunquin North wildcat was water-bearing although the well did prove an oil exploration play concept in Cretaceous-aged carbonates in the area - there continues to be interest in these Atlantic Margin waters. This week Providence and its JV partner Sosina Exploration initiated a 2D seismic survey over the Newgrange prospect area in the Goban Spur Basin, some 260 km off the south west coast. Providence has 80 per cent alongside Sosina with 20 per cent. The survey is a 2,500 line km state of the art long offset 2D seismic reflection data, of which 1,000 km will focus on the Newgrange prospect and associated seismic well tie lines. This regional 2D seismic programme will also tie into seismic company Polarcus' South Porcupine MC3D survey and the recent Dunquin North exploration well. The 2D works gets underway as Providence also shoots 3D seismic over its Drombeg prospect and its Spanish Point South prospects. This means the company will this summer acquire data over the North and South Porcupine basins, as well as the Goban Spur Basin, a dataset that will feed the hopper with new prospects as well as providing what technical director John O'Sullivan says will be "valuable proprietary new data" ahead of Ireland's upcoming Atlantic Margin licensing round. Drombeg is a large Lower Cretaceous stratigraphic amplitude/AVO supported exploration target in around 2,500 metres of water. Again this is a Providence (80 per cent) and Sosina (20 per cent) exploration venture in real frontier territory.Spanish Point South is a better known quantity. It lies in the northern Porcupine Basin, about 140 km off the west coast and in waters between 300 and 650 metres deep. The acreage is operated by Cairn Energy, 38 per cent, on behalf of Providence with 32 per cent, Chrysaor E&P with 26 per cent and Sosina with four per cent. The 750 sq km survey at Spanish Point South is designed to target the Upper Jurassic and Lower Cretaceous reservoir intervals which successfully tested gas condensate and oil from the Spanish Point and Burren discovery wells in the adjacent acreage to the north. The aim of the survey is to help with reservoir prediction as the key risk at Spanish Point South is reckoned to be reservoir quality, rather than hydrocarbon presence. There have been four previous wells drilled in the Spanish Point South area, all of which encountered hydrocarbon shows. The current best estimate of gross on-block unrisked prospective recoverable resources is 350 million barrels of oil equivalent, which would provide a material uplift to the current estimate of recoverable resources for the Spanish Point discovery, where there are up to 200 million recoverable barrels of oil equivalent. Earlier this summer, a much-anticipated key appraisal well at Spanish Point was pushed back to 2015. This was disappointing as the project has been on the books for years indeed, it's been an industry conundrum since it was first discovered by Phillips Petroleum in 1981. But new operator Cairn Energy advised that extensive delays in the refurbishment of the contracted Blackford Dolphin rig meant it would be unavailable to drill until winter 2014 conditions for which the rig was unsuited. Cairn cancelled the rig contract and is tendering for a new unit to drill next year. This will be closely watched by Providence's followers as Spanish Point remains one of the flagship projects in the portfolio. Other key events will be a gas appraisal and development well at Dragon and, subsequently, oil exploration wells at Polaris and Kish Bank. Like Spanish Point, there has been some slippage in the timetable for these wells but this still remains a busy portfolio. For investors, however, it is clear that news of the long-running discussions with potential partners to fund development at Barryroe, where a re-jigged phased development plan is targeting early stage production of 30,000 bpd, will be the key catalyst for the share price, currently trading at 127 pence. |
Posted at 05/8/2014 14:35 by tidy 2 more researchDon't want investors just to take a punt in a solid company moving forward.. onwards and upwards.. MEO and KEA have interpreted the Seismics and according to the Net pay there expecting and if they reach that which could be anything upto 50 meters and looking at the presentation it could be upto 67meters in total.. then it is just about adding the missing number to the equation. Also we know how far the field extends to is well check the MEO presentation on KEA and that well was drilled on the opposite end of the edge of the field 8km down.. from there map our filed extends to the douglas well.. also testing equipment I believe is already at the PUKA 1+2 pad which is where P3 is being drilled from.. so an initial 5-10 day rate figure will be given is well.. RAW are long term investors in KEA been longer than me here over 3years++ they just need some money for there other Ottawa investment and still have over 2% of KEA. Them along with Nigel Wray and many other hold about 30% of the company including Bods. |
Posted at 22/11/2013 11:33 by twaintwix I have just found this. Apologies if it has been posted already.If KEA do announce a potential partner/offer next Friday it will be back over 5p at least! ProactiveInvestor Kea Petroleum shares could be revived by a farm-out deal By Jamie Ashcroft October 04 2013, 3:46pm Puka currently produces around 200 barrels per day, and at this level the operation breaks even. Puka currently produces around 200 barrels per day, and at this level the operation breaks even. Kea Petroleum's (LON:KEA) downtrodden shares could be set for a revival if a deal can be agreed to continue the development of the Puka oilfield in New Zealand. A strategic review of the project was launched in September, and chairman Ian Gowrie-Smith has revealed to Proactive Investors that Kea has received 'all sorts' of approaches, including offers to buy the entire field. He says, however, that the best option for the company will be decided in the coming weeks. A 'farm out' or partnership deal is understood to be the most likely outcome. The small cap oil producer has been in talks with larger companies for some time and a transaction could be agreed before the end of October. The support of a new partner would allow two more wells to be drilled to lift production and get the field development back on track. Puka currently produces around 200 barrels per day, and at this level the operation breaks even. The two additional wells, with an estimated combined cost of around US$5mln, are expected to increase the field's production above the 500 barrel a day marker, which would make further development of the Puka field 'self funding' thereafter. Well location is believed the reason for the lower than anticipated output. Interpretation of 3D seismic suggesting the Puka site is on the fringe of the main oil system. But, more wells on the same location using the already developed infrastructure, remains a compelling option for the company. "The economics of exploiting this field really requires us at a very minimum to put in Puka 3 and Puka 4, and put them in as soon as possible," Gowrie-Smith said. "We now have a production station that can house between one and six holes. The operating costs are basically fixed regardless of the number of holes. You need those facilities if you're operating one hole or six. So the economics for Puka 3 and 4 are compelling." "Puka 1 and 2, at 200 barrels a day, allows the company to break even, but it is not enough to progressively develop the field. So we need to get a kickstart." Gowrie-Smith says 'quite a number companies' are interested in the asset and he believes Kea will be able to ink a deal in the 'reasonably near term future.' The first priority for Kea and its patient investors must be on securing sufficient cash for the next two wells. Gowrie-Smith is confident a transaction will be agreed. Once a deal is in place and funds are available to commit to drilling the project could move forward fairly quickly - rig availability is not a problem, no additional consent is required by the authorities and minimal site preparations are needed. As such, drilling could start early in 2014, and Gowrie-Smith reckons the turning point for the shares will come with the confirmation that the drilling of Puka 3 and 4 can proceed. He also says the sharp 60% share price fall since September's production update was an over-reaction, with the understandable investor disappointment being exacerbated as one institutional shareholder sold out of a position believed to be in the order of 14mln shares. "It triggered a degree of nervousness among the larger pool of investors, who didn't understand that this fall wasn't from mass levels of unhappiness with the information [in the company's update] but rather from one institution deciding to withdraw from small cap stocks." |
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