Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Kea Petroleum, Orogen Gold and Orko Silver to present at Proactive

We have Kea Petroleum, Orko Silver and Orogen Gold presenting at our last event of 2012 on Wednesday 12th December, from 6pm
Kea Petroleum, Orogen Gold and Orko Silver to present at Proactive

We have Kea Petroleum (LON:KEA), Orko Silver (CVE:OK) and Orogen Gold (LON:ORE) presenting at our last event of 2012 on Wednesday 12th December, from 6pm. 

New Zealand may be one of the last untapped oil exploration frontiers, but Kea Petroleum aims to change that. The group made a first discovery on its Puka prospect earlier this year and just this month started drilling a second well at Puka.

Kea's objective is to turn Puka into a field producing 2,000 bopd as rapidly as possible.

Puka, like the rest of Kea’s prospects, is within the Taranaki basin, home to McKee, which is Australia and New Zealand’s largest onshore producing field.

Early next year the company will start to drill the potentially game-changing Mauku prospect. Thanks to a unique relationship with methanol group Methanex, half of the exploration costs are paid for, while advanced negotiations are said to be underway to farm out a further interest that could mean Kea getting an even larger free carry.

New Zealand is one of the most benign regions to produce oil and gas and if Kea does strike again it could transform the company. Hear the story from Kea themselves on Wednesday.

Orko Silver is developing one of the world's largest primary silver deposits at La Preciosa, Durango, in the heart of Mexico’s prolific Sierra Madre mining belt and just down the road from FTSE 100 star Fresnillo.

The La Preciosa silver project and adjacent mineral concessions cover 32,400 hectares (80,000 acres) of contiguous mining claims. An upgraded mineral resources statement released in September showed an indicated 110 mln equivalent ounces of silver with another 154 mln equivalent ounce of silver in the inferred category.

By any measure that is a lot of silver with a few gold credits thrown in for good measure, but Toronto-listed Orko is currently valued at just over C$200 mln Canadian dollars.

For silver buffs and those who want to find out how Orko will move La Preciosa from a huge resource into a major working mine, come along on Wednesday where Executive Vice President Mike Devji will update on progress.

Orogen Gold has been notching up impressive grades from its exploration efforts on the Gindusa West area on its Deli Jovan gold project in Serbia.

Recent trench work 1.5 kilometres north-west of the historic mine at Gindusa contained 12.3 grams per tonne over eight metres, with three metres averaging 26.9 grams per tonne.

Ed Slowey, chief executive, said he was particularly excited by the new discovery in the west of the prospect where a shallow, high grade gold shear/vein zone was cut in an exploration trench testing a gold-in-soil anomaly.

Orogen is targeting an initial resource of 100,000 ounces, which would allow it to move into a scoping study for an underground mine producing 30-50,000 ounces a year within three years.

Shares in Orogen spiked strongly on the recent results and Ed Slowey will update on the progress so far and plans to develop the resource and move the whole project forward.

DATE: Wednesday 12th December 

TIME: 5.45pm arrival for a 6pm start 

VENUE: Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB

ROOM: Charles Suite 

OTHER: Complimentary wine & canape reception

REGISTER HERE




Register here to be notified of future KEA Company articles

Timeline

Related Articles

September 24 2014

“Funding options are being considered from a position of strength as the group has 100% control of over 400 MMboe of 2C contingent resources,” chief executive Dr Robert Trice said.

February 23

The DOB discovery well will be a future producer, as it flowed gas in excess of 10mln cubic feet per day in testing.

March 02

Credit Suisse, which expects the stock to outperform, reckons there is more to the company than meets the eye, while Macqurie Research said ‘value unlocking is underway’.

© Proactive Investors 2015