London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Good call BOD grasping for any cash they can to keep paying for massive unproductive piggery of this company to the greedy self serving directors underserved wages No way will 3mil pay for a new drill it will only cover bod fees for a few more months I lost 25k here now I just see at as an expensive bad drama series that I paid to watch Good luck to all
Only reason they have done with primary bid is because they are unable to raise any funds or sell assets. All this funding is to pay wages, no way £3 million will cover drilling costs. looking at the history with this management, I am walking away from this offering
Abodong/Jimmy fill your boots while you can that's all I can say seeing you are in love here ,the ramping in progress albeit just a couple of thousand GBP so far is just a mechanism to suck another bunch of unsuspecting investors to a situation that has nothing to offer but it has heaps of appeal for the management and the board because the monthly pay check and expense account will be maintained.. amazed the cost structure hasn't had at least a trim to date so this reeks of arrogance in it self. show us you can do it go on the buy for 20kGBP,that will work to get the 3 mill if that wont nothing will, its a pig put it into First Quantum Mins or any other company for that matter instead ...
the company is broke with no revenue..I wish the rampers would change the record & face up to the inevitable, no company has ever raised 3 times it's market cap on unproven assets on an equity raise factoid..oil has been found but too many wrong decisions & heavy expenditure have hampered the go forwards initiatives of KEA petroleum..300m shares will never be sold by the 7th of May & the business will crash & burn.. Crushingly horrific, expensive & disappointing scenario will ensue..
agree with you so strong buy while you can Today 17:10 Price: 1.15 Adobong 1,480 posts Facts I wish the de-rampers would cease their constant crap - who's paying them? Since KEA announced a way out of their difficulties the SP has risen. I think there's a very good chance that £3m will be raised. And if oil is found the SP will be much higher than now despite the dilution. Off Topic No Opinion
I wish the de-rampers would cease their constant crap - who's paying them? Since KEA announced a way out of their difficulties the SP has risen. I think there's a very good chance that £3m will be raised. And if oil is found the SP will be much higher than now despite the dilution.
has more value than this current proposal from IRGS & his trigger happy spending habits..this share is the black hole of AIM & the sooner it's gone the better..the whole idea of primary bids just smacks of desperation, are MEO interested at all, no because they got stung last time & are still smarting from that expense..these are questions you need to ask when looking at KEA & how badly IRGS has managed the company, even after FINDING OIL WHEN OIL WAS OVER $110 A BARREL he has took the single handed brilliance of bringing KEA to it's knees by not cutting costs properly & early enough, this coupled with sloppy workmanship has been the downfall of this company..
rere , unfortunately I have to say there is a deep trodden trail of now ex small oil companies in this region that have burnt up all the shareholders funds and along with funds of unsecured creditors, broke and gone forever, most based overseas London and Canada is where they seem to congregate in mass. the old Crown minerals were sucked into the hype and garbage for political reasons its just another replay looming up there again. more suckers on the horizon...don't be fooled.
I don't think so you are thinking in the line of UK financial terms there is a wider world out there with deep pockets we been bombarded with pile it high sell it cheap if you can't you go bust scenario it's not the case with world's finances I will bet you on this there is no oil company in that region went bust and left the share holders empty handed so before you think of bust don't think of us here in a small island .
have you been keeping an eye on PUKA2 from your back garden lately? They have suspended production & plugged the well, also at PUKA1..now if they raise money from the primebid/darwin effort do you think that cash will be used for drilling or wages & expenses? Please wake up to what is happening here, the show is over..it takes 6 months for IRGS & the gang to organise a rig & get things moving..KEA has 3 offices & 7 directors on wages presently add expenses, travel vehicles, staff etc etc & god knows what else, so currently they run at £250k/£300k per calender month overheads..300,000,000m new shares @ circa 1p who is buying & or who is going to buy them all with the companies track record..of course people will take a punt but not when IRGS has publicly announced that the company will be sold off without the funds & little or no shareholder value in a 'FIRESALE'..anyone with any sense will get out now while there is still chance..yes it's a loss but your first loss is your last loss in this scenario..
Additionally our geologists believe there is approximately a 50% probability of finding a Mount Messenger oil column on the way down to the Shannon prospect, although it is not presently certain how much value such a Mount Messenger completion might mean for a Kea shareholder.by the look of it we are going to tamper with some ones oil re saviour this is possible the concerned parties did not agreed to a farm out deal its going to be very interesting few weeks to look forward .......
todays question for viewers , how many trades at these levels to claw back 40 million GBP, answer quite a lot.!!. S/P nothing unexpected here guys, as you know if you want to raise 3 million GBP your share price has to be higher than the offer price so this little bump has been expected so the unsuspecting can get bundled in here thinking they are on a winner and all for the princely sum to date of a 1000 odd quid.3 million quid for 1000 that's quite a good return, oh yes and just remember there are the undisclosed fees to be deducted first.. and most likely plus the cost of the Fokker to sea Coral.
on primarybids.com as there was only 7 trades on here with a £750 sell being the pick of the bunch..not long till the 7th May i'm going all in with every penny I make on the 'Big Issue' this coming week..lets hope we won't need 'Big Tissues' all over again..
Hi folks, just looking for my next gamble, reading RNSs it looks like the 8th May is going to be crunch day, the Shannon prospect has a COS of 20% and intersecting the existing sandstone resevoir a COS of 50%, I dont know how the fundraising will effect the share price, certainly if its a shre issue its going to have a negative impact, however if its a farm in it could start to look up for KEA, I hope all on here start to get some of their losses back, I think any where around 1p is a good buy in average, but its a pure 1 in 5 chance gamble
the way the BOD operates the fold of the company and the mess behind wont look any different to what S/Holders have been subjected to from them to date,IGS can start another conflict in the Coral sea,( incidentally I hear that Coral is the name of his extra surprise new Kea well after Shannon ). 50million way out there in the middle of the Coral sea wont buy much ask the Japanese who went into Fiji to build resorts and at least there had some infrastructure like a wharf, looks like a lot more loads of Fokkers looking to unfortunately get a rough ride if Kea is anything to measure by.
IRGS will be left with a headache having to fold the company & sort all the mess out, whilst holding his head in shame for all the PI's who have lost fortunes here..then he can go back to Australia with his tail between his legs never to grace these shores again..
All the 300m shares by the 7th May..that is the question folks..
we are on this subject of placements, there was 900 odd million on offer before the last consolidation 10 to 1,whats going to prevent that same senario again ,at least the new guys in will help share the haircut.!!
thinking.. why would someone buy now before the 3 Million raising that is about to come IF it is successful that is... if they are your shares will be diluted by the additional 300 million shares.. why not put your money in primarybid and get the funds raised and they will be part of the 3 million raising and once endorsed you will have shares that are not diluted.. like having 800k of 300 million rather than 800k now at 92 million then after the 8th May it's out of x3 of the dilution.. unless the drill is really awesome.. i've heard that hype all before and got suckered into this.... I would like IRGS et al to put money through primary bids and declare that to the market.. is there way we can find out how of the 3 million is raised on Primary bids
IGS became manger of the Kea Group we have watched shareholders equity disappear with one bad decision after another ,in complete support of this disaster, (poor supporting actors within as that's all what they have been) extremely poor execution of the few projects the s/holders have funded. lets not forget to mention the poor old JV partners who have been beaten up alongside them also for millions of dollars. in todays financial environment where every dollar has a value which needs to be replaced with each one spent plus some this track record is not by any means a solid foundation to attract future partners to pay to drill Shannon .personally I would not send any of them into a bazar to buy a bag of onions..the truth is recorded in history of this sad sad example....
Dear Investor, As an existing shareholder, you may be interested to know that Kea Petroleum has joined PrimaryBid.com to facilitate a proposed equity fundraising of not less than £3 million before expenses, at a minimum price of 1p per share. PrimaryBid.com is a new online ‘crowdfunding’ platform which recently launched to provide private investors with the opportunity to create their own placings on their own terms. Full details about PrimaryBid.com and how to participate in the Kea Petroleum placing can be found by vsisting www.primarybid.com.
until the BOD buy themselves ! simple as that ...many from what I can gather on this b board, traders too I might add have tried and failed here. Just be cautious this one is not for the faint hearted imho.
nt.....As Connish said in an earlier post,under no circumstances allow IGS to undertake any drill based DIY within your home..no matter how desperate he is to raise funds for his next hit n hope wildcatty "exciting" prospect. I am trying to work out which statement is the most ridiculous...."if Shannon is dry then we have ANOTHER target"... Or......."there we were looking for oil and hitting dust with frightening regularity and all along we had Shannon UNDER our production station!!" Please IGS no more..you are killing me!!However when my ribs have stopped hurting could you explain to me how on earth Rawson knew when to bail during duster week? I mean...,C'mon
Gowrie-Smith knows a lot of rich, influential people. He first visited Papua New Guinea in 1966 as Prince Charles' travelling companion while the pair were studying at Geelong Grammar, and in 2012 he abseiled Europe’s tallest building, The Shard in London, with Prince Andrew to raise about $2.8 million for charity.
Gowrie-Smith’s motives may indeed be pure, but his environmental credentials appear suspect to some. He made his fortune through pharmaceuticals then added to it with several Papua New Guinean oil and gas exploration companies. In 2009, he sold Rift Oil to Talisman Energy for £115 million ($A207.5 million), 15 times its market value when it was listed three years before. Gowrie-Smith collected £9.4 million ($A16.96 million) in the deal through his 8.7 per cent stake.