Member Info for Gerhart

Pity it just means didly-squat for the SP!

Faaz raised the same point on ADV and reply there was that a large sell is going on the background. Don't know how true? Or why now? A nice result from Wressle would give us a wee boost. Some of other boards of partners in Wress talking up the situation there...probably all guesswork.

There won't be a takeover of KEA for a very long time as IRGS and others have too much invested. They won't hand it over for nothing just because it's hard times at the moment. And of course they have the shares to blocks any moves. So lets just hope we can raise the funds we need.

Hi MSFI Thanks for that. But how do you know as they haven't done a follow-up RNS? Has any rigging got to the site etc. Do you know when testing starts. More importantly do you know when the SP will rise amid this oil sell-of! Arrrrgh!

Probably doing us a favour for now until oil SP rises..

Hi Belles, nothing to worry about Don't knwo why TD have done this as it is just confirmation of consolidation. AS per below part of...hope that helps! What is happening? -Confirmation Please be aware that Kea Petroleum PLC recently underwent a 1-for-10 Consolidation, whereby Holders were issued with 1 new Share in exchange for every 10 Shares held. The record date was 28th November 2014 and accounts were updated with the correct holdings on the 1st December 2014

They are supposed to be testing Wressle-1 for commerciality in this quarter.....getting a bit close to Christmas with no RNS. Do we expect one to say it's about to get underway. Wonder how long that would take and what chances have we....at least costs should be low if there is enough in the ground?

MMs just having a laugh...no reason for such a % SP drop. Still think this is a good long term bet, and now maybe the best SP ever for buying. Assuming you have the nerves. I have the nerves, but not available funds, and unfortunately also sitting on huge paper loss. DUH!

Hi guys I don't have a problem with the consolidation and know why they have to do it. But I don't fully understand the need for the "Deferred Shares" of 9 pence each? And also am I undertsanding this that the new consolidated shares will have a nominal value of 1p? I guess following a 1-for-10 consolidation, and with/without deferred shares, we won't end up with an SP value of less that the nominal value for some time! (fingers crossed!) Can anyone advise....assuming you fully understand! Thanks.

Am I being stupid....but I think Shannon went right over my head whenever it was previously mentioned???! Wonder what price the placing will be for?

Why is the word s lag ****....wasn't insulting women!

One thing i never understand is why peeps **** off the IGS or others as if they have been negligent. I am sitting on a big loss, but I don't think they haven't done anything wrong. The Co is in the exploration business. They follow the science, not the latest whim of the BBs. On the last drill the science threw a bit of a wobbler (in terms of epectation). That's not the BODs fault. But that same science and that result may help them better understand. Same with any other drills. If it was all straightforward, they'd be private companies cos they would never have to raise cash beyony the first time. But they rely on the markets and shareholders, who then benefit when they get it right - or lose when things go wrong.

Fund' I think there aren't many shares with the MMs and they have been caught out. It's almost been impossible all week after Tues trying to get an online price with TD. Regularly got a message saying you can only send an order but price won't be known til order accepted. But I was lucky early on Wed to get one block. (have holdings too from PYM). Next week should be interesting!

In case your wondering what is happening with PYM: reverse takeover now complete and we've changed name - code now is "IXI". And I think we are in for a bright future. See you at IXI sometime. GLA.

I'm very hopeful once the deal is sealed. This must be the bottom. None of the major holders will be in a hurry to get out at this price. Meanwhile, with a little bit of coverage may see lots of others wanting to get in. GLA.

Hi Everready, I'm sure it's frustrating for a lot of folks and especially if you paid a lot more than the price when we were suspended. I'm actually amazed that nothing has leaked about the "target" company. Obviously talks are still going on, but I suspect we'll hear more in a few weeks and then get a chance to vote on the reverse takeover. I'm hopeful based on there being 3 major shareholders, one especially - Invesco Asset Management 56.36 - they won't take any old deal. And also the fact that we have tax credits based on previous losses. And also our own assets are just a bit less than when the price was suspended I think. So there is still value. Then who knows where the price will go when suspension lifted - must be up a little or maybe a lot! Here's hoping. I guess how pleased you will be will depend on what price you got in at. Have you read this: http://uk.advfn.com/news/UKREG/2013/article/58994799 - the last update Re AIM entry. Anyway good luck to us all and here's hoping.

Guys for anyone not clear, I hope this helps. This is what is happening. Your shares will now be listed on AIM - post consolidation of 1share now in place of previous 50. But they remain suspended until the Co reaches agreement with the "target" Co of the reverse takeover. Or the talks end. (We don't know who they are talking to!) But we get to vote on the deal. Then the shares get relisted. What price the shares come back at i guess depends on who the "target" is and what deal is struck. But let's hope we're all happy in the end! Onwards and upwards!

Guys for anyone not clear, I hope this helps. This is what is happening. Your shares will now be listed on AIM. But they remain suspended until the Co reaches agreement with the "target" Co of the reverse takeover. Or the talks end. (We don't know who they are talking to!) But we get to vote on the deal. Then the shares get relisted. What price the shares come back at i guess depends on who the "target" is and what deal is struck. But let's hope we're all happy in the end! Onwards and upwards!

PK - our Co is basically now a cash shell with a (suspended)listing. It's now going to bring another private Co to the market under the name of our company and our listing. A deal is worked out depending what each party brings to the table. We bring our cash/assets/tax CREDIT for previous losses and a market listing - the other side bring the new (health care) revenue generating business - we don't know who it is. They only refer to it as "the target". The two sides look at the combined value and decide what % of shares in the new company we get and what % of shares the new party gets. The new party will get shares issued to make up their % (cos they don't have any shares!). Shares in PYM - essentially now a different company get un-suspended. The market/sentiment/PR will decide where the price starts from. The SP will rise or fall from there. Probably be uncertain for a while. You get no money unless you sell the shares when they get relisted. Lets hope it's a great business and lets hope we can strike a good deal! Would be disappointed if after relisting we don't get to maybe 4p+. But could be a lot higher, depending on the business and prospects. Here's hoping and lets hope they get the paperwork out soon and the vote over and done with. Good luck all.

PKelly all figures are now meaningless. PYM of old is dead. PYM anew will determine our price. I think the results out today, cash/asset wise, were slightly better than I anticipated. So should bode well for the comeback price. Though I don't suspect value will go straight back to where it was before the pre-trial failure "crash". But here's hoping the "target" is a good one.