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Kea Petroleum is a New Zealand focused oil & gas exploration and production company. Since incorporation in 2009, Kea Petroleum has acquired extensive onshore and offshore acreage in the renowned Taranaki basin, on the west coast of New Zealands’ North Island, home to some of Australasia’s largest oil and gas discoveries.
Kea Petroleum, Orogen Gold and Orko Silver to present at ProactiveDecember 07 2012, 4:19pm
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