Kea Petroleum Share Discussion Threads

[stockriser] 02/12/2014 13:48

Kirk - they will do another placing, that was the whole idea of the consolidation as they could not do a placing while the share price was under 1p.

[kirk 6] 02/12/2014 13:42

why do a consolidation? its made things a lot worse. Anyone would think they want to do another placing. PI'S get mugged again. (including myself )

[alexios1201] 02/12/2014 13:27

Where did it all go wrong...

[kirk 6] 01/12/2014 13:43

even with the consolidation the price is not where it was in August. Is this share holder value being witnessed?

[stockriser] 01/12/2014 12:26

Mega - it's probably until the system settles with the new price!

[megashareman] 01/12/2014 11:01

My trading platform don't let me sell or buy kea but all other yes ???!!! What is going on , tips

[megashareman] 01/12/2014 10:56

Hmm no selling or buying !!!

[dosser2] 01/12/2014 08:49

Wow. What a profit to be made today! LoL

[hawkwind4] 28/11/2014 16:39

Todays rns

Means my shares are now worthless x10 dilution 10=1

[rbonnier] 10/11/2014 22:55

What happened to that 0.2p before administration geezer ? Will he be calling 0.02 soon !

[loverat] 10/11/2014 16:06

This is one sick dog here.

[nick rubens] 10/11/2014 15:59

To pay directors wages we are talking a lot of potentially .2p shares to be sold.

[nick rubens] 10/11/2014 15:51

Re-Capitalisation coming? ie Pass the plate to investors?

[bryet] 10/11/2014 12:14

Investers losing a packet but still the directors take out their pay just for once would it be nice to see them say "we will not take any pay until we can confirm that the company is in a better position" ....yes I know it's not got a chance in hell.

[willywonky] 08/11/2014 13:48

What a dismal performance to date.

Little wonder Thropey didn't bother to put a chart in the header.

[alexturner] 07/11/2014 22:03

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.

[hawkwind4] 05/11/2014 15:49

Rns, humm!

[mariopeter] 03/11/2014 15:56

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."

[bryet] 03/11/2014 11:03

Better news tday but a long long way to go.... keep the faith.

[joan1234] 03/11/2014 09:53

Kea Petroleum excited by Shannon prospect as revenues rise
- Today, 9:27 AM

New Zealand-focused Kea Petroleum (LON:KEA) is excited about the potential of the newly mapped shannon prospect underneath the Puka field, it said, as it reported increased revenue in its final reaults to end May.

[joan1234] 03/11/2014 09:28

Kea Petroleum excited by Shannon prospect as revenues rise
- Today, 9:27 AM

New Zealand-focused Kea Petroleum (LON:KEA) is excited about the potential of the newly mapped shannon prospect underneath the Puka field, it said, as it reported increased revenue in its final reaults to end May.