Kea Petroleum Live Discussion

dickie3times 19 Apr 2018

What's up with kea ................??????????

Tired and Confused 17 Jul 2015

Re: RNS out sealing fate of the company Reverse take over he we go!That is an easy way to get an AIM listing, back into a shell.

Bazil_Brush 17 Jul 2015

RNS out sealing fate of the company Kea Petroleum13 Jul 2015 15:302Kea Petroleum PLCRNS Number : 9098SKea Petroleum PLC13 July 2015 For immediate release 13 July 2015 Kea Petroleum plc ("Kea" or "the Company" Result of General Meeting Kea Petroleum plc (AIM: KEA) announces that all resolutions put to its shareholders at today's General Meeting were duly passed approving inter-alia the conditional sale of the Company's interest in the PEP51153 licence area and the proposed disposal of PEP381204 licence area, and the adoption of the investing policy as outlined in the shareholder circular dated 26 June 2015. Following the completion of the disposal of its interests in PEP51153, which remains conditional only on the consent of the New Zealand Minster of the Crown pursuant to the New Zealand Crown Minerals Act, the Company will become an investing company following the investing policy approved today. A further announcement regarding the completion of the disposal of the interest in PEP51153 will be made in due course. The resolutions included shareholder consent for the Proposed Reorganisation, whereby each Existing Ordinary Share will be subdivided and converted into one New Ordinary Share of 0.1p and one New Deferred Share of 0.9 pence. Each Shareholder's holding of New Ordinary Shares will be equal to the number of Existing Ordinary Shares held by them on the Record Date and each Shareholder's proportionate interest in the Company's issued ordinary share capital will, and thus the aggregate value of their holding should, remain unchanged as a result of the proposed reorganisation.The New Ordinary Shares will continue to carry the same rights as attached to the Existing Ordinary Shares.The share reorganisation becomes effective at 7am on 14 July 2015.The Company's issued ordinary share capital will comprise 93,936,187 New Ordinary Shares. The Company holds no shares in treasury and therefore the above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules.Share certificates representing the Existing Ordinary Shares will remain valid in respect of the New Ordinary Shares and new certificates will not be issued. No adjustment will be made to the CREST accounts of Shareholders who hold their entitlement to Existing Ordinary Shares in uncertificated form.The New Deferred Shares will rank pari passu in all respects with the Existing Deferred Shares. They will be effectively valueless as they will not carry any rights to vote or dividend rights. In addition, holders of Deferred Shares will only be entitled to a payment on a return of capital or on a winding up of the Company after each of the holders of Ordinary Shares have received a payment of £10,000,000 on each such share. The Deferred Shares will not be listed or traded on AIM and will not be transferable without the prior written consent of the Board. No share certificates will be issued in respect of the Deferred Shares, nor will CREST accounts of shareholders be credited in respect of any entitlement to Deferred Shares.All defined terms in this announcement, unless otherwise specified, have the same meaning as defined in the Notice of GM RNS dated 26 June 2015. For further information please contact: Kea Petroleum plcDavid Lees, Executive Director Tel: +44 (0)20 7340 9970 WH Ireland Limited (Nomad)James JoyceJames Bavister Tel: +44 (0)20 7220 1666BuchananMark CourtSophie Cowles Tel: +44 (0)20 7466 5000

MR NIEVE 26 May 2015

Curtains For KEA!!! Does not look good now for Kea as A going Company,You pay your money and take the Risk

Tired and Confused 22 May 2015

Share price rally improves chance of funding success Still waiting on news of of funding. Hopefully rally in price has given this a chance of success. Time will tell.AIMHO

Tired and Confused 20 May 2015

News in the next couple of days Read recent RNS, might see some share movement. Worth keeping an eye on this if finance deal has been agreed. Long hard road ahead even if the is a deal but maybe, just maybe there is some reason for optimism.AIMHO

oliversydney 13 Mar 2015

RNS and share price With the RNS today and the share price fall at present it is much easier to sell than buy as restricted to buys of 100000 which is negligible. It would indicate there is a background buyer who still seems prospects in this company at such a low market value so not giving up hope

Bazil_Brush 27 Feb 2015

Re: The question is............... Ditto!! CW

CircuitW1zard 27 Feb 2015

Re: The question is............... Ha, I'd bail if the dealing fees weren't more than my holding is worth.No chance of an out for me. If I get anything back it'll be a bonus!

Bazil_Brush 27 Feb 2015

Re: The question is............... Errr.... I would suggest not, definately not.!Read this mornings RNS. I am very cautious as to Ian G Smiths comments; "Kea Petroleum's chairman, Ian Gowrie-Smith, said: "Whilst Kea was making progress in the Taranaki Basin and continues to have some highly prospective opportunities, the unexpected and fundamental change in the oil price environment has created too many challenges for our business."Consequently, we launched a strategic review last month with the objective of considering all options for maximising shareholder value. We are still early in that process and we will update shareholders in due course."The strategic review bit really worries me, along with the previous bit, "too many challenges for our business" Time to bail, not top up.B_B

Gunnersyeo 27 Feb 2015

Re: The question is............... Nope

Tired and Confused 27 Feb 2015

Re: The question is............... Have we reached an average down entry point yet, any views?

GoldenBug 06 Jan 2015

Also Gold V Oil.... [link] clearly indicates that oil is oversold.

GoldenBug 06 Jan 2015

Also... meo and mossman and kea.. [link]

GoldenBug 06 Jan 2015

Comments in news [link] Petroleum PLC (LON:KEA) ended the trading session without any gain or loss. The counter began trading at 2.1 and edged higher only till 2. 2 acted as the floor of the thin trading range which witnessed 36,770 shares exchanging hands. The last transaction took place at 2. The stock has a 52-week high of 35.307 and a 52-week low of 1.75. Among the major technical levels are the 30-day simple moving average of 2.24 and the 60-day simple moving average of 3.00. These moving averages hold significance as a breakout above these is a highly bullish sign. The trading currency is in GBp.