I make some serious money following ins footsteps on his management style on a serious note in rift petrolatum in a middle of a jungle no one belived that he can sell it look what happened this guy is different from other gambler's in oil and gas business I am going for sky is the limit he is telling poki about puka 2 outside contracted dropped a metal poll is his boys done the work to stop the production so he can slowly hatch the Shannon plan in to action and he knows he will walk away with million of profit ....
Tuesday morning another 30% before noon
This company will be a billion pounds by end of this year it's we as investers weather to take it or leave it
In addition, fractured limestone reservoirs often have very high initial flow rates. In the adjoining Waihapa field, production wells began with flow rates between 1,000 bopd up to 10,000 bopd. Translated, even at today’s prices of approximately US$60/bbl, that is from US$60,000 to US$600,000 gross income per day attributable to the Shannon prospect during an initial production period should the Shannon well achieve such flow rates. Even if Shannon 1 is not a success, there is a potential second prize for Kea. The Shannon-1 well is expected to intersect the Mount Messenger sandstone reservoir, above the oil-water contact, that Kea has previously penetrated from the shallower Puka wells. As a safety net for investors in any future fundraising, the well will be drilled so there is a fall back production scenario from the Mount Messenger reservoir if, as expected, it contains oil. Production from another Mount Messenger well with similar characteristics to Puka-1 and Puka-2 would improve the economics of resuming production from these wells. However, there is no guarantee that an intersection of oil at the Mount Messenger level will sufficiently change the economics of the field to justify restarting production, especially at current prices. We anticipate that there will be significant interest in the Company in the lead up to and during the drilling of Shannon-1, should we raise sufficient funds to drill it.
Waihapa will be the new addition to keas permit by few weeks time
THE SHANNON PROSPECT The Shannon Prospect is a potential oil field in the Tikorangi limestone formation, some 1,000 meters underneath Puka Mount Messenger sand reservoir. This same limestone formation produced 24.0Mmbbls on the next door mining permit in a field called Waihapa not owned by the Company. The Directors have determined that the Company’s principal goal should be to enable the drilling of the Shannon-1 well in 3rd quarter of 2015. Shannon-1 would we believe be a high impact well, in a prospect that the Company estimates has a gross unrisked mean prospective resource of 9.62Mmbbls. Kea has a 70% interest in the permit (PEP 51153) (the “Exploration Permit”) and our joint venture partner MEO New Zealand Ltd (“MEO”) holds 30%. Since its admission to AIM five years ago Kea has invested in the region of £22 million to determine the potential of its licence area PEP51153, which contains the Puka oil field and production station. The total combined knowledge of 2D and 3D seismic studies, drilling the Douglas well down to the Tikorangi, drilling Puka-1, 2, 3 and the Wingrove- 2 wells to the Mount Messenger reservoir, as well as the reprocessing and re-mapping of data from all the wells and the seismic provide us with an increasingly sophisticated understanding of the permit area.and the farmout deal will help kea by spending half of what we raising through crowed funding and kea will be relaunching puka 2 to full production capacity by that time share price will be the sky is the limit
It's getting closer day by day it's going to be a odds changing drill and a company maker as well irgs kept this very close to his Hart it's the very nature of this man
Watch when we get 4 mil and farmout news will fly and oil strike sky is the limit
I belive there is a deal going through for farmout Shannon as we speak plse guys don't hold me in to ransom it's only some information I manage to sniff using the words carefully .....i don't ramp but this looks like we will be out of the woods remember they have extended the crowed funding week ago when irgs in town this guy is good cutting deals on the 11th hour ....
TOTALLY agree kea will achieve the 4 mil irgs have 60 mil in his bank thats his personal money which he got the deal from rift petroleum as soon as he will tale a punt by 21 st of may sp will rocket there is no question about this mm are doing there bit with a massive spread like hoo,,,,, legs......... at 18%
Massive spread will make the punters desending towards crowed funding platform
ed why dont you try your company got some management talent behind sound investment and when are you thinking of floating
This guy knows how to make money why didn't he drill the puka 3 drill to same limestone target why ...... because he was holding Shannon closer to his Hart knowing meo management don't understand what is geography is .He kept his drill to make him good money I mean solid money oil strike is proven and it's not one resavour it's two targets he is going for . There is as much as negative in this drill but all so look at the upside as when puka 1 was drilled no one expected to strike oil but the share price spiked for days I can remember walking in to a mercedes show room and buying my first c class. Or it could have been the other way ......good luck and happy drilling
It's only information I manage to get its over subscribe more than 3 mil .where we will find out on agm. .....
Very interesting ..........He is very confident that he will find oil not water this interview is very well to the point if we strike 100000 barrels per day it's valued at 500 million .
i think farm out deal is done with the intention of raising the cash through .com its a safest and lower risk . once the resolution is passed in the meeting we will get the farmout deal rns , there is no way kea will commit the full 3m needed to drill poss 1,5 mil with some small prints attached ,,,,,,
I don't think so you are thinking in the line of UK financial terms there is a wider world out there with deep pockets we been bombarded with pile it high sell it cheap if you can't you go bust scenario it's not the case with world's finances I will bet you on this there is no oil company in that region went bust and left the share holders empty handed so before you think of bust don't think of us here in a small island .
Additionally our geologists believe there is approximately a 50% probability of finding a Mount Messenger oil column on the way down to the Shannon prospect, although it is not presently certain how much value such a Mount Messenger completion might mean for a Kea shareholder.by the look of it we are going to tamper with some ones oil re saviour this is possible the concerned parties did not agreed to a farm out deal its going to be very interesting few weeks to look forward .......
Gowrie-Smith knows a lot of rich, influential people. He first visited Papua New Guinea in 1966 as Prince Charles' travelling companion while the pair were studying at Geelong Grammar, and in 2012 he abseiled Europe’s tallest building, The Shard in London, with Prince Andrew to raise about $2.8 million for charity.