Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Saw this story and remembered the sad story of Kea and Puka... http://www.tagoil.com/news/tag-oil-announces-new-zealand-development-and-exploration-acquisition/
Looks like IRGS's infamy spreads...
Imagine that is a Racing Certainty !
They are obviously ACE at shafting their Shareholders !!!
The words Rot in Hell come to mind - thieving scumbag
ALF94 - Theoretically yes to both. There could be a last-minute reprieve if a white knight appeared. We could trade again and we could apply to relist in some form. In practice you're more likely to find a roasted snowball! Or the AIM will be cleansed of the incompetent/liars/cheats/down right crooks of management! Neither strong possibilities. We are now basically in the hands of the receiver. If the oil SP situation wasn't so bad (for us!) we might get some value for Puka/Shannon prospect. Maku seems to be in hands of another receiver. But buyers probably won't pay much. Any outstanding creditors will be first. Then undeserving pay cheques for some of the BOD...then something for the receiver...then what pittance is left will be for shareholders. Including the BOD. Still can't understand how/why directors allowed the £3m Primary Bid bid to fail. Could have totally transformed the whole picture. The cynic in me almost thinks they wanted it to fail...Puka/Shannon then gets passed on to some other cowboys for a pittance....wonder why? Only that failed. So now it's the receiver who will decide what happens. Might even get a cheque for £1.99. But probably not.
Sorry if this is a stupid question but is there a chance of kea trading again on aim and if so would your shares still exist? Thanks
so corrupt it's unbelievable, at least I've learnt what really happens when investing in company's like this with a small amount of money.
wrong board...sorry
RNS out, reckon casing will start sunday/Monday so last chance saloon for newbies
There is no question in my mind that it will have been a related party of IGS who scored the assets for basically free.
http://www.lse.co.uk/view-general-chat-thread.asp?forum=general&thread=BBE82602-73D3-4DFD-8015-0C4D0B61C85F#post_12711454 I've set this up in case anyone wants to keep in touch it's general BB titled KEA Shareholders!!.. I will be intrigued to see how the permits are linked to IRGS and his pals.. as they have sold them way too cheap!!!..
Yes, correct.
As this share is now worthless you can set the cost of your investment against any gains you've made elsewhere in 2015-16 for CGT purposes.
TippityTop please could you give me some advice on how you reduced your losses after tax, thanks
Da_Gea, I would be interested in staying in touch if you set a forum
AmyPie, you're the one coming across as patronising. I like DaGee and that's why I spoke bluntly to him. He has obsessed about this dog for too long. And as I stated ((which you chose to ignore or possibly couldn't see from your high horse) I do have empathy. I opted the braver, honest route rather than the simpering idiot route.
I wasn't gonna post again but cast my eye over here this evening and couldnt help pass comment. Harsh, fair or downright rude and patronising? Whilst you clearly make some valid points, Kev4, the phrase 'it was pitiful watching you ignore the blindingly obvious for such a long time, GET OVER IT', I don't feel is necessary or appropriate when you are addressing people who have lost life changing sums of money through the 'legal' but morally questionable behaviour of the 'individuals' at the helm of this particular ship. Whilst I don't doubt that your knowledge and experience in this arena far outweighs my own, I pride myself on my ability to maintain empathy and not to come across as a heartless, patronising douche bag even when I know I am right. Particularly when the subject matter (to repeat, people, myself included, have lost life changing sums of money based on believing conniving, cheating (legal or not) 'businessmen') is as sensitive as it is. Make your point, by all means, but don't be a 'Chump' about it eh? N.b. Chump WAS NOT the C word of choice, I hasten to add!!! Cheers all, the good guys anyway. I am letting it go and moving on and it is probably wise, for your sanity and your stress levels, to do the same. But I do fully understand anyone who is reluctant to do so, believe me. Xx
Harsh but fair.
I'm rather stunned you're going to waste more time on KEA. Look at Afren or Matra. Far bigger companies with far more active discussion boards. Afren had groups created because there was a real suspicion of corruption there (not including the actual corruption from a couple of years ago). People were up in arms. The Matra crowd created a mow unused discussion board. Afren now have one person still fighting but everyone knows he's wasting his time. Their discussion board is hardly ever used and that was only created months ago. You need to let this go and put it down to experience. You will most likely receive zero as shareholders are third in the list of those who receive pittances when a company liquidates. The group on the rung above you might (serious might but highly unlikely) get a percentage of 1p in the pound. Private shareholders will get nothing, nada, zilch, zero. The bod sof these companies are experts at what they do. There is no legal case, I can assure you. Being very blunt with you, it was pitiful watching you ignore the blindingly obvious for such a long time. Now you're doing it all over again. GET OVER IT for your own sake.
In the end I lost 4k. I can consider myself lucky. Dagee my mate, I never meant to be too harsh on you I just wanted you to see how all the "noise" meant nothing. All the BODs shares, all the "rich mates" etc. etc. it means nil. Have a punt on a share purely based on the factual info. Mind you, that's what I did and still lost!!!! However I kept it down to 4k ( or 2k after tax). Good luck everyone on the next ride !!!!
to run down the company and have impossible targets.. why did they need to raise £3 million when MEO presentation they would need $nz 2 million which and our raised money would have been close to $7 million nz 6,942,366 to be precise.. why did they need to raise triple the amount to get Shannon drilled??? and then when they sold the PUKA site they left us with no choice either as if we cancelled we would have to pay them odd 200k for cancelling it which would have been to give the assets either way.. they have been shafting the shareholders and do not know they did this to us.. Some serious mis-managements have been going on and left the shareholders shafted!!!..
Seems like Celiera are looking to bring the wells online... WHY on did KEA management think of this.. why raise £3million just raise £1million and get the well fixed and online again..and improve on that!!.. we would have been break even but would have got us through the difficult period until oil prices were up.. Just bloody peed off our management are short sighted and were concentrating on too much stuff and little on securing an early income to be stable.. Puka oil accumulation - Shallow oil accumulations produced from 2 wells. - Discovered in 2013 - Produced at 110-115 barrels/day under long term test before shut-in January 2015 due to mechanical problem and low oil price - Recent assessment suggests 600,000 barrels of 2C contingent resource (100%) - Investigating potential to work-over Puka-1, which if successful would trigger recommencement of production at Puka
this forum will be deleted and there will be no more means of communicating with other shareholders in this company... I.m considering to setup a forum outside the this BB GROUP and want to trace what they do for PUKA and the MAUKU income... we have sold them too cheap!!.. 250k including infrastructure.. I can't believe there was no major revolt from out 3% plus holders.. we could have teamed up with them etc.. and complain to the FCA about false practises regarding the two II's being given the nod before the drill results... I just can't let go and think my 30.5k is gone down the drain!!... any lawyers out there..