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RAW, RAWSON RESOURCES LIMITED
blacksheep
post Posted: Sep 21 2018, 07:53 PM
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In Reply To: blacksheep's post @ Sep 21 2018, 03:52 PM

Judgement did not go in LKO's favour - 'Lakes Oil chairman Chris Tonkin said he would seek advice from the company’s lawyers about the judgment."

Rinehart's $2.7 billion court case against Victoria rejected

QUOTE
A company part-owned by mining magnate Gina Rinehart has lost its $2.7 billion court case against the Victorian government over the state's ban on gas exploration.

The Supreme Court in Melbourne on Friday rejected claims by oil and gas company Lakes Oil that the government’s state-wide moratorium on “onshore petroleum” exploration was unlawful.

Lakes Oil was seeking damages for $92 million it had already spent, plus more than $2.6 billion in lost future earnings, after being prevented by the ban from using six permits it owned to explore for gas in Gippsland and the state’s south-west.

The company first went to court in 2016, after the Andrews government slapped its ban on fracking and all exploration and development of unconventional onshore gas.

The company said the state deprived it of the use of its exploration permits "for the purpose for which they were intended" and wanted damages for losses suffered as a result of then-Resources Minister Wade Noonan's conduct.

Lakes Oil’s argument to the court was that the state government’s conduct was ”unjust and unlawful”.

https://www.smh.com.au/politics/victoria/ri...921-p505b2.html



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Sep 21 2018, 03:52 PM
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Another stock that is up today and linked to LKO - LKO own 19.99% of RAW who is subject to t/o offer. LKO currently in TH re pending outcome of legal decision
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
crooky
post Posted: Aug 5 2011, 08:53 PM
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Good old RAW , only stock that held it's ground in my portfolio today , what should we call today,

FABSDAY

 
crooky
post Posted: Jun 16 2010, 06:34 PM
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For immediate release 16 June 2010















Kea Petroleum plc

("Kea" or the "Group")



GAS FOUND AT BELUGA-1





Kea is pleased to announce that the Beluga-1 well, in exploration permit PEP51155 in the Taranaki basin of New Zealand, has reached a total depth of 4,100m. The well is now being prepared for wireline logging, which is expected to commence later this week.



The well has intersected a number of sands with indications of hydrocarbon presence, including a zone which encountered higher pressure. Gas was detected on the surface and waxy condensate coated the upper parts of the drill pipe. The wireline logs will enable Kea and its partner Methanex New Zealand Limited (a subsidiary of Methanex Corporation of Canada) to evaluate the significance of these shows and to make a decision whether to case the well in preparation for flow testing.



Chief Executive Officer, Dave Bennett said:

"We are pleased that drilling has been successfully completed and we now have encouraging indications in the well - not unlike those encountered in nearby producer wells. At this stage it is not yet possible to draw firm conclusions as to the quality of what we have uncovered but we will work on evaluating this well and a further announcement will be made upon completion of the electric logging in a few days time."



This release has been approved by non-executive director Peter Mikkelsen FGS, AAPG, who has consented to the inclusion of the technical information in this release in the form and context in which it appears.



For further information please contact:



Kea Petroleum plc Tel: +44 (0)20 7340 9970

David Lees, Executive Director



RBC Capital Markets Tel: +44 (0)20 7653 4000

Matthew Coakes / Brett Jacobs / Daniel Conti
Martin Eales (NOMAD)



Buchanan Communications Tel: +44 (0)20 7466 5000

Tim Anderson / James Strong



Notes to Editors:

Kea Petroleum is an AIM listed oil and gas exploration company with three petroleum exploration permits in Taranaki and Northland Basins of New Zealand. Kea listed on the London market in February 2010.



Methanex Corporation of Canada is the world's largest supplier and producer of methanol to major international markets. The subsidiary Methanex New Zealand Limited owns two methanol production facilities in the province of Taranaki on the west coast of the North Island: one at Motunui, with two production trains and another single train plant in the Waitara Valley. The total production capability of the two locations is 2.4 million tonnes of methanol per annum. Due to limited supply and the price of gas in the New Zealand market, Methanex has, since 2004, been operating these facilities as 'flexible assets', adjusting their operation based on supply and methanol market requirements. Methanex currently operates one plant at its Motunui facility which has the capacity to produce 900,000 tonnes of methanol per annum. To date, Methanex has secured ongoing gas supplies under relatively short term contracts. For more information please visit www.methanex.com



 
crooky
post Posted: Jun 2 2010, 06:49 PM
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In Reply To: keneti's post @ May 13 2010, 07:42 AM

function sendto(page, parentFocus) { if (window.opener != null) { var win = this; window.opener.location.href = page; if (parentFocus) { window.opener.parent.focus(); } } else { window.location.href = page; } }Regulatory StoryGo to market news section CompanyKea Petroleum PLC TIDMKEAHeadlineDrilling UpdateReleased07:00 02-Jun-2010Number8925M07
/**/RNS Number : 8925MKea Petroleum PLC02 June 2010 

For immediate release

2 June 2010



Kea Petroleum plc

("Kea" or the "Group")



Beluga-1 exploration well - Set to Drill into Targets



Kea advises that the Beluga-1 well has now set and cemented casing to below 3200m, in preparation for drilling ahead through the main target zones of the well.



Following appropriate pressure testing, the rig has recommenced drilling below this depth. Initial target sandstones are expected to be encountered in the next few hundred metres, and it is anticipated that the well will reach its target depth of 4,000m by mid June.



Dr David Bennett, Chief Executive Officer, said: "We are pleased with progress to date. The drill hole is on target, on time and on budget. The next 800 metres are the crucial ones involving several target zones starting with the Tariki sands and concluding with the Kapuni."



Drilling of Beluga-1 commenced on 9 May. It is being drilled from a site west of the Waitara River near the township of Tarata. In January 2010 Kea entered into a funding & participation agreement and a separate gas off-take agreement with Methanex New Zealand Limited (a subsidiary of Methanex Corporation of Canada, the world's largest supplier of methanol to major international markets). Under these agreements Methanex agreed to contribute up to US$10million to drill and complete the Beluga-1 well, in Kea's permit PEP 51155. In the event of a commercial gas discovery, Methanex has agreed to purchase and Kea has agreed to sell the gas under a 15-year gas off-take agreement.



This release has been approved by non-executive director Peter Mikkelsen FGS, AAPG, who has consented to the inclusion of the technical information in this release in the form and context in which it appears.



For further information please contact:



Kea Petroleum plc Tel: +44 (0)20 7340 9970

David, Lees, Executive Director



RBC Capital Markets Tel: +44 (0)20 7653 4000


Matthew Coakes / Brett Jacobs / Daniel Conti
Martin Eales (NOMAD)



Buchanan Communications Tel: +44 (0)20 7466 5000

Tim Anderson / James Strong



Notes to Editors

Kea Petroleum is an AIM listed oil and gas exploration company with three petroleum exploration permits in Taranaki and Northland Basins of New Zealand. Kea listed on the London market in February 2010.








This information is provided by RNSThe company news service from the London Stock Exchange END DRLKKDDPPBKDBAK
London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply. ©2009 London Stock Exchange plc. All rights reserved
<H2 class=corpweb><H2 style="MARGIN-RIGHT: 10px" class=right>Regulatory </H2></H2>

 
keneti
post Posted: May 13 2010, 07:42 AM
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Link to nz article, maybe of interest to Holders http://www.nzx.com/news/3689365/Kea-taking...ous-oil-venture

 


crooky
post Posted: May 10 2010, 08:42 PM
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10th May 2010

Kea Petroleum plc

("Kea" or the "Group")



Beluga-1 exploration well - Commencement of drilling



Kea announces that the Ensign Rig 19 spudded the Beluga-1 well on Sunday 9 May. The target depth of 4,000 metres is anticipated to be reached before late June.



In January 2010 Kea entered into a funding & participation agreement and a separate gas off-take agreement with Methanex New Zealand Limited (a subsidiary of Methanex Corporation of Canada, the world's largest supplier of methanol to major international markets). Under these agreements Methanex agreed to contribute up to US$10million to drill and complete the Beluga-1 well, in Kea's permit PEP 51155. In the event of a commercial gas discovery, Methanex has agreed to purchase and Kea has agreed to sell the gas under a 15-year gas off-take agreement.



Beluga-1 is being drilled from a site west of the Waitara River near the township of Tarata. Hydrocarbon gas seeps are observed nearby in the river, and it is possible that Beluga-1 may also intersect hydrocarbons at levels shallower than its primary Tariki Sandstone target, namely in sandstones of the Mount Messenger Formation and in the Tikorangi Limestone fracture porosity; as well as in the deeper Kapuni Formation beneath the Tariki Sands.



In the event of discovery the Company's mid range estimate of the potential producible resource is of order 500 BCF (billion cubic feet) of gas, and 20 MMBBL (million barrels) of condensate (i.e. light, high value oil). The Directors of Kea believe that the Beluga prospect could potentially be of sufficient scale to fully meet the demand of Methanex's New Zealand operations. The prospect is situated within 20 kilometres of the Methanex production facilities, and only six kilometres from a tie-in to the high capacity low temperature separator gas pipeline, which provides a direct link to those facilities. In the event of a discovery at Beluga-1 and after appropriate testing, the six kilometre pipeline link to a nearby production station could be commissioned and operational within a year from its commitment.



Last month, Kea announced that its first drill well, Wingrove-2, in the onshore Taranaki Basin permit PEP 51153, had reached its target depth of 1,630m and had intersected oil pay. The well has now been cased and suspended as a potential oil producer while surface and downhole facilities are being assembled.



This release has been approved by non-executive director Peter Mikkelsen FGS, AAPG, who has consented to the inclusion of the technical information in this release in the form and context in which it appears.



 
crooky
post Posted: May 4 2010, 09:40 PM
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if MOS can pull off the fraccing process ,
RAW right next store.

 
crooky
post Posted: May 4 2010, 07:13 PM
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In Reply To: Barra's post @ Apr 28 2010, 03:54 PM

must be a few interested in the up coming " Begula - 1 " drill.
They took the plunge in today's doom , finished in the green
rig to move straight from " Wingrove -2 " oil discovery to " Begula - 1 ".

 
crooky
post Posted: Apr 30 2010, 07:00 PM
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In Reply To: Barra's post @ Apr 28 2010, 03:54 PM

Barra , mme
Missed the spike with RAW , attended a funeral interstate. Oh well better luck next time I guess
Big one coming up next with " Begula - 1 " well for KEA
Not forgeting they have their finger in the pie with other CSG and Oil plays.
they have a good % play by memory close to the moonie oil fields as well .




 
 


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