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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Kea Petroleum | LSE:KEA | London | Ordinary Share | GB00BRTL3035 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.15 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMKEA
RNS Number : 1922O
Kea Petroleum PLC
26 May 2015
For immediate release 26 May 2015
Kea Petroleum plc
("Kea" or the "Company")
Funding Update and Suspension of Trading
Further to the Company's announcements of 21 April 2015 and 7 May 2015 in relation to the seeking of funds through PrimaryBid.com and the extension of the bid period to 22 May 2015, the Company announces that it has not secured bids totalling GBP3m at a minimum price of 1 pence per share that it sought to develop the Shannon prospect.
As announced previously, the Company's working capital remains tight and is reliant on the Company raising further funds. As a consequence of not raising sufficient funds through PrimaryBid.com or to date through other means the Company has requested a suspension of its shares to trading on AIM pending clarification of its financial position.
The Company continues to negotiate with parties on the potential farm-in of its assets as part of its previously announced strategic review.
Further announcements will be made in due course.
For further information please contact:
Kea Petroleum plc Tel: +44 (0)20 7340 9970 David Lees, Executive Director Tel: +64 (0) 4 385 0032 Peter Wright, Finance Director WH Ireland Limited (Nomad) Tel: +44 (0) 20 7220 1666 James Joyce James Bavister Buchanan Tel: +44 (0) 20 7466 5000 Mark Court Sophie Cowles
This information is provided by RNS
The company news service from the London Stock Exchange
END
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