Kea Petroleum Share Discussion Threads

[travls] 25/9/2014 10:50

0.6p bid anyone.

This is a classic busted flush.

[travls] 24/9/2014 19:05

Broker reiterates STRONG SELL stance and target price of 0.02p
before administration

[mike111d] 24/9/2014 12:09

Very quiet here of late, I guess that means that the stock is not being promoted on the CR thread.

[travls] 23/9/2014 17:22

Broker reiterates STRONG SELL stance and target price of 0.02p
before administration

[rbonnier] 23/9/2014 17:19

Where's that 0.02 before administration geezer ??

[sanks] 23/9/2014 17:17

They've been shagged enough..a little more shagging from here won't do much harm...but do remember, once the markets start the skirtlift..it'll do a Leni Gas within days and some of you more astute ones with sheepshagging potential may not get another chance.....hence, shag now while its worth a shag for a bigger shag later on.

Let me know if this helps
Sensible comments appreciated
Sanks...with a 23p level 4 shaggers target

[nick rubens] 23/9/2014 11:41

cheers mariopeter..... sounds like a typical Darwin deal then.

I've seen this spiral of shorting desperate companies like this a few times now.

[mariopeter] 23/9/2014 09:39

Hi Nick. In this order:

KEA gave them the right to have a loan note of £500000 in return for shares. No money passed at this stage. Its a fundraising exercise...awful but no choice.

Darwin forward sell shares in the market, in this case 50m shares at £0.01 and above. This is a huge short. From the proceeds of the short they give KEA £500,000 for a loan note.

Darwin immediately convert the loan note into shares all at £0.01 and these cover the short position.

[nick rubens] 23/9/2014 09:26

Darwin recently converted £500,000 of loan notes at 1p a share.

How much did they pay for the loan note? Anyone know off hand?

Hard to believe if they have effectively invested £500,000 at 1p?

[travls] 22/9/2014 17:40

Broker reiterates STRONG SELL stance and target price of 0.02p
before administration

[travls] 22/9/2014 17:40

Broker reiterates STRONG SELL stance and target price of 0.02p
before administration

[mariopeter] 22/9/2014 16:23

Ah not solo. Watching this carefully for a respite in the selling.

[mariopeter] 22/9/2014 16:01

back to normal here me chatting to me then ?

[intermale] 22/9/2014 11:29

Personally, I've enjoyed following the Xcite story thus far and can't wait (actually yes I can lol) until we see the high returns which will obviously come.
-----------------

Just when you thought McLoony couldn`t get more funny, no oil until 2018, and even that is a pipe dream, it will reduce to the level of this dog before then, massive dilution is about to happen as oil becomes yesterdays fuel..

[travls] 22/9/2014 11:18

Broker reiterates STRONG SELL stance and target price of 0.02p
before administration

[mariopeter] 22/9/2014 11:11

would have entered again here but whoever has been selling below 1p continues to do so today. Amazed it took Darwin so long to rns that today as they have clearly been out for a while.

[fenseal3] 22/9/2014 10:52

Hi Topps...yes good news, their assets are still worth more than the MC, over sold and due a bounce.

[topinfo] 22/9/2014 10:48

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: [phone]
David Lees, Executive Director 9970
WH Ireland Limited (NOMAD) Tel: [phone]

[fenseal3] 22/9/2014 10:46

Had this on my watch list and after the latest RNS...this has now become a great recovery stock target 1p short term, this rec has come from investor friends of mine no ramp and no tip...GLA!!

[simon seif] 22/9/2014 03:57

Broker reiterates STRONG SELL stance and target price of 0.02p
before administration

[travls] 21/9/2014 23:45

Broker reiterates STRONG SELL stance and target price of 0.02p
before administration

[travls] 19/9/2014 20:16

Sanks go see a shrink. You are deluded. This is bust.

[sanks] 19/9/2014 20:08

Sheila told my other bird to buy some then leave'em for a while...they're gonna skirtlift over 4p again..then to 7p, 11p and ending at 23p-27p

Hope this starts making some sense soon
Sanksalot