As much as i hate it but hope they20 May 2015 11:59
do raise the £3 million required and proceed with drilling the shannon drilling in Q3.. all these people mentioning the £3 million is not enough for a drill i believe it will be and there in discussion with regards to a 'Farm-in' and not takeover bid. Our drills are not that deep PUKA 1 was about 1400 meters and PUKA 2 was about 1700 meters..so 1000 meters from the PUKA reservoirs is about 2400 meters approx..total depth to be drilled.. £3 million equated to about $Nz 6.34 million.. i rather get some money back.. all or nothing.. guess those bickering have sold out and have no interest in KEA.. At the end of the day your in AIM and it is high risk high reward.. you only put in what you can afford to lose.. ALL Investors who want to purchase shares may as well buy them via primarybids.. if they have exceeded a million in 4 days weeks sessions including General election then i'm sure by this week they should be able to raise the funds.. plenty of investors out there.. as this will rise to a potential 2-3p if successful.. key for me is raise cash and confirm the drill date for Shannon.
FROM RNS
For the avoidance of doubt,
I confirm that the Company has entered into discussions with regard only to the securing of a farm-in
partner under the strategic review process and not with regard to the securing of a takeover bid (either
by way of general offer or scheme of arrangement) for the Company.
The Shannon Prospect is a potential oil field in the Tikorangi limestone formation, some 1,000 meters
underneath Puka Mount Messenger sand reservoir