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

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.

Another share riser today was New Zealand focused explorer Kea Petroleum (LON:KEA), which advanced 26.67%, after it confirmed a new oil discovery in the Puka 2 well.

It said that Puka 2 encountered 4.6 metres of reservoir sands - with a ‘vertical thickness’ of 3.3 metres – and analysis indicates that the discovery has some of the highest porosity and permeability measures recorded in the area to date.

Kea says it will case and subsequently test the discovery as soon as possible.

Oil explorer Kea Petroleum (LON:KEA) had news from New Zealand this week as it confirmed a new oil discovery in the Puka 2 well.

It said that Puka 2 encountered 4.6 metres of reservoir sands - with a ‘vertical thickness’ of 3.3 metres – and analysis indicates that the discovery has some of the highest porosity and permeability measures recorded in the area to date.

Kea says it will case and subsequently test the discovery as soon as possible

Kea Petroleum leaps after hitting oil

http://youtu.be/Z1gNTL4dAXU

Will hold these till the discovery results.

indeed then kerrrrrrrrrrrrrrrrrchinnnnnnnnnnnnnnnnnnngggggggggggggggggg!

Kea Petroleum extends New Zealand permit
Wed 20 Feb 2013

KEA - Kea Petroleum

Latest Prices
Name Price %
Kea Petroleum 10.12p -2.41%

FTSE AIM All-Share 754 -0.08%
Oil & Gas Producers 7,967 +0.55%

LONDON (SHARECAST) - Oil and gas company Kea Petroleum has extended the permit for the PEP 51155 in New Zealand.

The area covered by the permit was increased by about 9.0% to 286km2, allowing Kea to conduct exploration activities over the Hickman lead.

The company is planning to acquire about 58km of 2D seismic over the Hickman lead, identified as an Alliance Project.

Hickman is partially funded by Methanex under the pre-existing Alliance Agreement between Methanex and Kea.

“The Hickman lead is a large sub-thrust feature that lies between the current Kea Mauku 1 well currently being drilled on PEP 381204 to the North and the Mangahewa field to the South, which addresses a mean possible recoverable resource of 173bn cubic feet of gas and 6.0m barrels of condensate as per management's conservative estimates,” the group said in a statement.

Shares fell 2.41% to 10.12p at 10:00 Wednesday.

SM - Shares in the Aim-quoted explorer have gained 36% since it announced (14 Feb) the find meant it could ‘look forward with confidence to an early and substantial cash flow’. A flow test on Puka-2 would offer confirmation of this potential and is expected in the near term.

The £55.9 million market cap is set this year to drill as many as seven more wells in the region, the most high profile of which will test the Mauku prospect. House broker WH Ireland estimates this alone could be worth as much as 54.2p a share if successful.

Kea is in the process of attempting a farm-out of Mauku. Having raised £7 million in a placing earlier this year, and with £6.6 million of cash already on its balance sheet, it should be fully funded for its 2013 plans regardless.

Yesterday, Kea Petroleum announced that it was granted an extension to the permit for the PEP 51155 area in New Zealand. The area covered by the permit has increased by around 9% up to 286 sq km. This allows Kea to explore the Hickman lead which had been interpreted to extend beyond the previous boundary. Planning work is now underway for a 2D seismic programme to assess the Hickman prospect. This is being carried out through Kea’s pre-existing Alliance Agreement with Methanex, which is partially funding the work. The Hickman lead is a large sub-thrust feature that lies between the current Mauku-1 well being drilled on PEP 381204 to the North and the Mangahewa field to the South, which addresses a mean possible recoverable resource (P50) of 173 billion cubic feet of gas (bcf) and 6 million barrels of condensate as per management’s conservative estimates.

Our view: Kea’s latest announcement of extension to the permit at the PEP 51155 area in New Zealand is very encouraging given the high prospectivity at the Hickman lead. This news comes close on the heels of a slew of positive announcements from Kea. Only last month, Kea confirmed a new oil discovery in the Puka 2 well. This deeper working petroleum system augurs well for the wider prospectivity of the basin, where 6-8 wells are planned through the course of this year. Analysis shows that the discovery has some of the highest porosity and permeability measures recorded in the area to date. Puka 2 would be likely to have much better flow rates than Puka 1 and Kea can now expect an early and substantial cash flow. At the Mauku prospect, which is estimated to have prospective resources to the tune of 485 bcf of gas and 27 million barrels of associated liquids, negotiations are ongoing to farm out the prospect and Kea remain optimistic of signing an agreement in the near future. Kea is fully funded through 2013, with existing cash of £6.6m on the balance sheet and an additional £7m in equity finance, recently raised. Given this strong pipeline of prospects, we are optimistic of Kea achieving its production growth targets, resulting in a meaningful upside to the stock. We maintain a Speculative Buy on the company.




http://www.proactiveinvestors.co.uk/columns/hb-markets/12177/hb-markets-breakfast-today-including-kea-petroleum-rexam-and-rsa-insurance-group-12177.html