Member Info for MSmith

Sigh, I just posted a reply to you on the wrong board! I will check, but if you are right about the 200bopd, Shutting in the well does make sense.

200.. just for break even is a very extreme number Shake... you might want to double check your numbers. Have you accidentally included expansion costs ie drilling, CPR report fees etc?

,

Never a truer word spoken... (or written) :)

Bought 250,000 shares and mean't to buy 249,997 ???

will come with good news one day.

the bottom, it just makes no sense at all. It seams a few here have lost 8 - 10k feel sorry for you, but it will rebound and there is money coming into the bank so hang in there and top up at these prices while you can.

http://www.winstonview.com/stocks-to-watch-kea-petroleum-plc-green-reit-plc-schroder-income-growth-fund-plc/38962 KEA Petroleum PLC (LON:KEA) ended the trading session without any gain or loss. The counter began trading at 2.1 and edged higher only till 2. 2 acted as the floor of the thin trading range which witnessed 36,770 shares exchanging hands. The last transaction took place at 2. The stock has a 52-week high of 35.307 and a 52-week low of 1.75. Among the major technical levels are the 30-day simple moving average of 2.24 and the 60-day simple moving average of 3.00. These moving averages hold significance as a breakout above these is a highly bullish sign. The trading currency is in GBp.

that is just so stupid with the trading costs.

I just tried to buy £5k and it has gone to negotiated, same all the way down to even small amounts.

No, they are not suspended. We are commenting on the probability of Mosman doing a takeover as they will have a stake in one of Kea's projects. Kea also have income from projects as well around 2 million per year according to the last results RNS. Though Kea do not have enough capital to directly invest in a new drill on the site at present and they have seismic data on other projects which need taking further. All in all, the potential here is good, it is just the capital side which is lacking for any immediate news.

it would be mosman that may just take over kea or may fund the well. We can see it coming though a mile away at least. :)

Good analysis Shake, :)

Agreed, he paid over the odds for bad info.. Shake, you say that they need to "raise" 2.5m though with no detail for the income for the year... can you provide any calculations ? (just out of interest not questioning / disagreeing with you).

Revenue increased to £2,087,000 compared to £829,000 in 2013 due to the sale of hydrocarbons from production from both the Puka 1 and Puka 2 wells, the company said. Crazy... Probably reduce to around 900,000 now after the meo deal, but still, 50% market cap in income!

http://www.proactiveinvestors.co.uk/companies/news/73904/kea-petroleum-excited-by-shannon-prospect-as-revenues-rise-73904.html

http://www.proactiveinvestors.co.uk/companies/stocktube/1726/kea-petroleum-leaps-after-hitting-oil-1726.html

Wow your analysis of share consolidation scares me... I hope you do not have control over anyone elses money. GL though.

That makes no sense at all... you don't loose money based on a consolidation! but yes it went from 3.5 down to 0.02 (our current relative price) hence the downside is now limited compared to any upside.

I was wondering if anyone had any research they would be able to share on Kea for anyone new to it?