Member Info for Shakeyourmoney

Phase 2 for PUKA was supposed to include 'at least one horizontal drill' this is the problem here, they keep swapping & changing so investors don't know what IRGS is playing at. So much cash has been wasted when you break it down, I mean come on, NZ$4.5m on MERCURY 3D that could have been spent on 2 drills last year?!!! Meaning no farmout & more importantly no dilution but these are the decisions we paid for..forgetting the dusters, as they are the risks we are willing to take but to allow things to continue in the same vain whilst IRGS & the gang use private investors money as an ATM, with new false hope of MAUKA this & SHANNON that, well I don't think so..must try harder & a lot bloody harder..when your accounts show a loss a lot higher than the m/cap then something isn't right..10 times your money he said when they find the oil..1 drill in 2 years by Q1 2015..not good enough

It takes a while to download as it's a huge pdf..take longer than one nite to read haha..

Hi there, yes it looks like we are in for a real treat soon, got nearly 300k shares & expecting at least 12p before top slicing after the merger. The EROEI is high compared to regular oil plays & the infrastructure is all in place, we need a good harvest after the closedown & this will fly long term..

I have to agree, also IRGS will have let the ii's out early on PUKA 3 as a favour to get them back on board after the 1-10 swap..the ordinary private investor is now stuck between a rock & a hard place because this will get diluted to high heaven now with such a small m/cap & if things do well, you will need lots of cash to keep up or your holding becomes dwarfed in the mix. The value can also be diminished somewhat in the swap, because as always on Aim the market doesn't like it QPP, JPR etc etc

we will be busy on here as people will want in, 2000+ barrels a day refined product, no drilling, no cash calls, no brainer..

& all it means is IRGS & the well paid crew will have access to Darwin for funding or a placing, wonder what the directors options packages look like under this new regime? Dr Ian Brown got 4m shares for free when he came onboard & we have seen little progress from this lot..maybe time for new faces at the helm who care about the job & show a little diligence in their decisions..one thing is for sure the SP will go down as not many people will have the stomach for more of the same ineptitude, whilst the company runs at a loss..remember the income £2m up until June, this will drop by 30% as MEO take their cut now..

a while, needs cash input from IRGS & the gang really to boost confidence first..& get the overheads right down in proportion of the business size..giving IRGS licence to blow cash willy nilly is not the best plan..maybe a 5 for 1 renounceable rights issue would be better so long term holders have chance to save up & put even more cash in for a bigger stake? Da_Gee I have e-mailed them about doing a podcast for investors listen to & ask questions after..no reply yet?

https://www.youtube.com/watch?v=cI8SRcctQZY

Can anyone remember the deadline? Was it 21 days from the RNS?

Most definitely the way to trade these plays now..so many half truths & outright fibs in that report to even consider putting any cash at all in KEA..have you seen the £4.8m loss, how did that happen? They only had 6 months of overheads, Darwin paid the rest from January including the PUKA drill 20% which was only £500k.. People who are loyal to this company need to wake up quickly, this is Sterling debauchery of the highest order & will only end in tears & broken dreams..

MEO Managing Director Jürgen Hendrich B.Sc. comments MEO meticulously reprocessed the POOR QUALITY 3D SEISMIC survey over the accumulation and sought to target a thicker reservoir section in the proposed Puka-3 well, which in the event of success, could immediately boost oil production upon completion of the well. KEA Chairman IRGS comments The HIGH QUALITY PUKA 3D SEISMIC survey data, recorded in December 2012, has been further reprocessed by MEO, with subsequent improved imaging of the main hydrocarbon reservoir horizons. The data continues to be used as one of the key data sets that guides the location of future drilling targets.

The Past and the Future Our goal is to try and maximise the return to our shareholders by mitigating risks through farm-ins and farm-outs, as well as bringing the best possible talent on board to assess opportunities and to manage our operations. I feel KEA has succeeded in doing both and has been consistent in pursuit of its strategy. This is an equally good piece & a clue to where KEA is heading.. Funding Despite the stock market's negative initial reaction to the financial funding arrangements that we have with Darwin, the company has been well served by them. Funding through the traditional placings and rights issues remains closed, essentially for the whole sector. Ironically, the comfort that KEA is funded from this relationship with Darwin, despite its dilutive downside, appears to be a bigger positive than the fear of how companies such as ours might otherwise get funding in the future.

so exciting that IRGS won't throw the company a 'lifeline' & plow in some cash, after all it's his decision making we have paid for..now maybe he should front £5m for some drilling exposure himself..

I too am curious how they will fund this drill? & any other drill as they are asking shareholders to 'support' this effort. Well IRGS, D.Lees, N.wray etc are shareholders also, where is their support first I say, then come to all the other smaller shareholders for support.. so IRGS come on, are you a man or a mouse, squeak up & get your hand in your pocket to help fund the project or at least forgo your salary's in a cash call, because quite frankly investors are fed up with all the jive talking & want direction & leadership from the front..

Highlights · Revenue increased to £2,087,000 (2013: £829,000) as a result of sales of hydrocarbons associated with the production from both Puka 1 and Puka 2 · Farm-out agreement signed with MEO Australia in April 2014 · Exciting potential for the new limestone prospect, Shannon · In discussion with potential industry partners to farm out Mauku · Management team strengthened following the appointment of Ian Brown as Managing Director, former Chief Operating Officer of New Zealand Energy Corp · Net loss of £4.86 million (2013: net loss of £8.41 million) Kea's Chairman, Ian Gowrie-Smith, said: "It has been a challenging period for Kea but the Board remains confident of an exciting year ahead. The philosophy and strategy of the Company has been to balance our exploration portfolio between cheaper lower risk, lower reward wells and the high risk, high reward plays. Our goal is to try and maximise the return to our shareholders by mitigating risks through farm-ins and farm-outs as well as bringing the best possible talent on board to assess opportunities and to manage our operations. "As to the future, we can't afford not to drill the new Shannon structure: it's too exciting and too prospective, and MEO and ourselves are finalising drill target and funding discussions. It's worth shareholders supporting because success here would lead to a whole new and different chapter for the Company."

Take note I have never moaned about the duster, that is the risk of oil & gas exploration which we both know. My concerns are the way the company is managed & all my posts are correct & factual. IRGS mentions this in his summary.. The directors have concluded that the combination of these circumstances represents a material uncertainty that may cast significant doubt upon the Group's ability to continue as a going concern. KEA are in trouble period, no matter how many PUKA's, MERCURY'S, MAUKA'S, DOUGLAS'S or SHANNON'S they have, there is no cash it is all being swallowed up by huge salary's, expenses & office rental cost's here & in New Zealand..

04/11/2014 08:20 GBX/ISDX-exn New 23,154 0.41 04/11/2014 08:08 GBX/ISDX-exn New 45,677 0.41 04/11/2014 08:04 GBX/ISDX-exn New 125,000 0.41

The fact IRGS couldn't be bothered to get things organised Friday, was a classic sign of the usual 'sloppiness' applied to anything that requires gumption & good management..nominal value will be reduced next as to facilitate any Darwin involvement..in the meantime the SP will go lower.. 'Crushingly horrific, expensive & disappointing scenario' this comment rings true after reading the accounts.. The top earner at KEA is on £5k a week..

"Once more unto the breach, dear friends, once more"

Xmas party.. http://2.bp.blogspot.com/_lHQL5-K7UJk/TU-4bsgihlI/AAAAAAAADH0/2qNEHqjYllQ/s1600/Feast-St+George%2527s-Hall-goog.jpg