KEA.L Share News (KEA)

Kea Petroleum nears funding deal in New Zealand

Oil & gas explorer Kea Petroleum is close to completing a deal to fund drilling in New Zealand. Kea said it expected to complete the farm-out of an interest in an asset known as PEP51153, which includes its Puka discovery in the Taranaki Basin on New Zealand's North Island, in the first quarter of

Kea Petroleum Shares Drop 23% As Pretax Loss Widens

STOCKS NEWS EUROPE-UK small caps outstrip FTSE

UK small caps and junior-listed AIM shares rise 0.1 percent, outperforming the mid-caps and the blue chips, both down 0.1 percent. Software firm @UK falls 5.6 percent after the release of its half yearly report. Even though the company is on track to meet full-year forecasts, the stock pull

Kea Petroleum opts out of Angus permit and conducts review

Kea Petroleum, a New Zealand-focused oil and gas firm, saw its shares plunge after opting not to renew the permit at Angus. The decision was made after interpreting recently acquired Uruti 2D seismic data, inadequate seismic quality over Angus and a diminished appetite for deep gas plays. The

Kea Petroleum Gives Up On Angus, Reviews Future Of Puka

UPDATE 1-M&A on the way as AIM-listed oil stocks struggle

By Andrew Callus LONDON, Aug 19 (Reuters) - Takeover action is on the horizon among smaller and weaker London-listed oil companies because they are finding it harder to raise funds, while larger peers are having no such difficulty, according to consultancy Ernst & Young. Its Oil and G

M&A on the way as AIM-listed oil stocks struggle

By Andrew Callus LONDON, Aug 19 (Reuters) - Takeover action is on the horizon among smaller and weaker London-listed oil companies because they are finding it harder to raise funds, while their larger peers are having no such difficulty, according to a prediction by Ernst & Young. The

Kea Petroleum dives on Puka two well data

Shares in AIM-listed oil and gas company Kea Petroleum dived on Tuesday after the group reported that oil flows at one of its wells could not be expected to be sustained at particularly high levels. Preliminary analysis of recent 3D seismic over Puka as well as testing results to date indicated tha

Kea Petroleum initiates 5.0m placing to raise money for drilling

New Zealand-focused oil and gas company Kea Petroleum has initiated a placing to raise money to partly fund the construction of new production facilities and drilling of the Angus prospect. The AIM-listed company reported a placing of up to 35.7m units at 14p per unit, to raise up to £5.0m. It said

Kea Petroleum unveils successful results from oil testing at Puka 2

Kea Petroleum reported 'excellent' results on Monday from initial oil production testing of the Puka 2 prospect in New Zealand. The well achieved an initial flow rate of 719 barrels of oil per day (bopd) with an associated gas flow rate of 0.419m cubic feet per day (mmcfd) and no water. The first

Kea Petroleum marks progress at New Zealand wells

New Zealand-focused oil and gas company Kea Petroleum has started drilling at its Mauku well and is set to begin testing at the Puka well. Mauku will be drilled to a planned total depth of 3,400 metres which is expected to be completed in April. Methanex is funding half the costs of the project as

Kea Petroleum extends New Zealand permit

Oil and gas company Kea Petroleum has extended the permit for the PEP 51155 in New Zealand. The area covered by the permit was increased by about 9.0% to 286km2, allowing Kea to conduct exploration activities over the Hickman lead. The company is planning to acquire about 58km of 2D seismic over

Kea Petroleum strikes oil in Puka discovery

Oil and gas exploration company Kea Petroleum has made an oil discovery in a new sand reservoir in offshore New Zealand. The company announced that the discovery had taken place at Puka 2 in the lower Mount Messenger "Mako" Sands area. An update from the company said: "The importance of the inte

Kea Petroleum gains on drilling update in New Zealand

Oil and gas company Kea Petroleum advanced Tuesday after announcing significant progress to its drilling and exploration programme in New Zealand. The group has spudded the Mauku 1 well, recommenced drilling at the Puka 2 well and completed the acquisition of the Puka 3D seismic. Mauku 1 was spu