Kea Petroleum exit from NZ a step closer

Tue, 14 Jul 2015

By Pattrick Smellie July 14 (BusinessDesk) - Shareholders in cash-strapped London-listed oil and gas explorer, Kea Petroleum, have voted to approve the disposal of the company's interests in Taranaki exploration and production licences and a recapitalisation plan that will leave a shell vehicle available to pursue investments anywhere its directors can find them. A general meeting of shareholders approved various resolutions that the company hopes will at least allow Kea shares to be released from a trading halt imposed by the AIM exchang...

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