Oil and gas group Kea Petroleum has reached an agreement to sell its 70% interest in PEP51153, the licence which includes the Puka wells and the Shannon prospect in New Zealand, to Caliera Fund for £222,550. In a statement released on Friday, the London-listed group said the transaction would repres
Read moreOil and gas group Kea Petroleum has suspended trading in its shares after failing to secure bids totalling £3m via the PrimaryBid.com crowdfunding platform. Earlier in May, the New Zealand-focused group said it had extended the deadline on its fundraising to 22 May as the amount of bids it had secur
Read moreShares in Kea Petroleum jumped almost 20% on Tuesday, after the oil and gas explorer said it had joined a crowd-funding platform in a bid to raise £3m. The London-listed company, which is currently undergoing a strategic review, has joined up to Darwin Strategic's online funding platform PrimaryBid.
Read moreKea Petroleum has given up its rights over an exploration permit offshore New Zealand after failing to attract potential partners due to the low oil price environment. The company, which is conducting a strategic review and looking at a potential sale of the company, said it was going to focus on lo
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