New flotation this one...not sure what the market cap is, but has some interesting assets.....

Oh dear.

..heading back to 9p imo.

Been stuffed on this and on SQZ......come back to a fine mess.....but others holding up well....take your eye off the ball and voila !....

clearly they did NOT know the difference between Kaz and NZ, drilled in totally the wrong place, came up with zilch, and sp collapses!

Out of this now....had some business to attend to when it peaked...had I been watching : would have jumped ship then.....on to pastures new....

full of haystacks?

ha ha.....no MATD enough....

strewth ..... i too hold MATD and had not noticed that sudden surge (currently 151/153), though friday close distorted by showing a bit higher still

yep....nice rise for that this morning....check out SEY (risky) but possible short term gain up to 140p if rig repair is quick....

.

.

up up and away?

surely you don't hold these Mr S ...... it's not even a minnow; it's amoeba and your opinion of even minnow oilies is clearly voiced

I sometimes trade on excitement Mr Clinic, aka momentum trading,I think at the time KEA jumped by a huge % ,I jumped too and ended up with a few as it plummeted.

No biterness in me mea culpa, but it might return eventually

Big faller.

Yeah...not exactly on the up, anymore....

Following the resounding success of our first two events, Mining and Resources Quarterly is proud to offer another chance for you to meet, hear from and ask questions of key senior management figures from carefully selected companies.



This event offers an unique opportunity not only to hear about the latest plans from some of the most exciting companies in the sector, but also to put your questions to the people that matter. What is more, there is a free drinks and canapés reception where you can mingle with industry leaders and your fellow investors. Make sure you don't miss this unique opportunity to get the answers you need from the people who make the market.

NEXT EVENT

Date: Wednesday 23rd May 2012

Venue: Novotel, London Tower Bridge, 10 Pepys Street, London, EC3N 2NR

Registration: 6.00pm

Presentations: 6.30pm followed by a drinks/canapés reception



Companies Presenting:



Magnolia Petroleum Plc is an AIM quoted, US focussed, oil and gas exploration and production company with interests in 70 producing properties and non-producing assets covering 16,515 gross acres and 3,000 net acres primarily located in the oil rich Mississippi play in Oklahoma, 4,850 gross acres and 375 net acres in the highly productive oil play in the Bakken/Three Forks Sanish fields in North Dakota as well as the substantial and proven Woodford and Hunton plays, in Oklahoma. The Company focuses on producing areas where the application of horizontal drilling and/or hydraulic fracturing and other techniques offers scope to significantly improve recovery/flow rates. Targeting proven areas lowers exploration risk, illustrated by Magnolia's tremendous success rate achieved so far - 27 out of the first 28 wells in which the Company has participated in have been commercially successful. In addition Magnolia focuses on fields that predominantly produce oil rather than gas securing higher revenues and margins as a result of the higher oil price.



Kea Petroleum (AIM:KEA) is an oil and gas explorer in New Zealand and Australia. Taranaki, New Zealand where Kea is currently exploring has a long history of proven reserves. In 2010 New Zealand Energy Corp and Tag Oil both struck oil resulting in share prices increasing 165% and 100% respectively.

2012 has seen the beginning of Kea’s most exciting and active year. On 10 April, it struck oil and is awaiting equipment to test a field with a potential between one and three million barrels. Two weeks later it commenced drilling its second 2012 well. Later drilling will include one co-funded by Methanex, the world’s largest supplier of methanol.

Ian Gowrie-Smith, Chairman will detail Kea’s exciting prospects.



Click here to go to Event
More companies to be announced

Kea Petroleum (LON:KEA) pushed 7% to 10.75p during early trading after the company said that work to start production from its recent discovery in the Puka 1 well has been successful, with the well flowing an "excellent quality light oil." The company said that preparations are now underway to start longer-term production testing of the well to establish production rates and reservoir characteristics. Kea has maintained its original estimate of a gross recoverable resource of 1 million barrels of oil with a potential upside of up to 3 million barrels of oil. "These results couldn't be better or more encouraging. If further testing confirms our expectations, Puka-1 will transform Kea into a profitable oil producer," Chairman Ian Gowrie-Smith said.


http://fox-davies.com/emails/views-from-the-trading-floor.aspx

Kea Petroleum reveals significant progress with drill programme
1:46 pm by Jamie AshcroftKea is on track to drill to total depth at both sites in the coming weeks



Kea Petroleum (LON:KEA) this afternoon said its drilling programme in New Zealand had made significant advances.

The company is working on the Mauku 1 well and the Puka 2 well.

It has also now gathered 50 square kilometres of 3D seismic across the onshore PEP51153 licence area. This was completed on schedule and on-budget, Kea said. And the findings are due in the second quarter of this year.

"We are delighted by the progress being made in our drilling work at Mauku 1 and at Puka 2, where we are on track to drill to total depth at both sites in the coming weeks,” said chairman Ian Gowrie-Smith.


“We are continuing to negotiate the farm out of Mauku and remain optimistic of signing an agreement in the near future.”


The initial onshore Mauku 1 well, in the Taranaki basin, was spudded earlier this month and, following the drilling and casing of the first 502 metres, drilling has now paused while a higher capacity rig is mobilised to the well site.

The Icelandic Drilling Odinn rig is due to arrive in around three weeks time, and it will then drill the well to a target depth of 3,400 metres – which is expected to take 40 days.

Mauku prospect is estimated to have prospective resources in the order of 485bn cubic feet of gas and 27mln barrels of associated liquids.

Meanwhile the Drillforce Rig 6 unit, which drilled the first 502 metres of Mauku 1, has now moved to the Puka 2 location, where drilling has now resumed from the surface casing point – work paused at Puka 2 to allow 3D seismic to be completed without interference.

Kea expects Puka 2 will reach in target depth by mid-February.