There’s nothing like ambition, and the Alternative Investment Market (AIM) is full of it. Last week, Kea Petroleum, a group based in New Zealand, said it had bought a 10 percent stake in an Australian-listed, AWE, which gives an interest in his first trick at sea, known as Tuatara-1.
The group also has raised £ 7 million through its supporters in the RBC Canadian bank for the development of additional funding from its three onshore fields.
True, all this is quite ordinary for a team of Aim-listed exploration, but has only Kea in the public market for three months and says that the agreement with AWE is something of a game changer.
Kea land assets are expected to land as much as 200 barrels per day, assuming that all the speculation is correct. AWE acknowledges who sits in a puddle of black things that could yield up to 80 million barrels a year, giving 8 million barrels Kea itself. Of course, it is a day early and classifies all if things could go wrong, but so far, so good for the band.
“We are pleased to participate in this joint venture with AWE, [has] proved [his experience] technical and commercial development and exploitation of Tui oil field, which recently reported passing the milestone of 1000 days of heavy production, with some $ 3.5bn of revenue generated at the time “, said Ian Gowrie-Smith, president Kea.
“In the event that Tuatara-1 is successful, we have great confidence in their ability to bring a breakthrough in developing a fast and effective way to trade and we hope to partner with them in this and other exploration companies in the future.
More Awards
During the last two or three years, the world of small caps has suffered, perhaps more than ever.Much ink has been spilled about the trials and tribulations market not least, in this column.
But no steps to prevent pain whenever the great and the good of the small cap sector to have a good old knees up, however, as it did last Wednesday in the Premier Plus.
Furthermore, the market to target its rival, has been making great efforts, especially with its new CEO, Cyril Theret, promoting itself as an alternative for the largest small-cap index. The group has been touring the country asking for the support of investors and looking at potential new customers.
So for the awards: it was a good night’s Juliet Davenport, chief executive of Good Energy Group, picked up the gong for Best Executive of the Year for the second consecutive time, while the title of President of the Year was awarded to Graham Whitworth, Aegis drinker.
In addition the drive for more customers is necessary if the nominations are anything to go by.Ms. Davenport and Mr. Whitworth companies were nominated multiple communications like chemistry. Without taking anything away from these companies, there should be a wider range of talent in the market Plus.
Brainspark
Aim-listed Brainspark has wasted no time in taking advantage of a thaw in economic conditions.
The investment group last week announced it has £ 2.1m to pick me up, an Italian manufacturer of automotive components, giving Brainspark a 6 percent share of the company. The story is interesting in itself, pick me, what makes the likes of turbochargers and fuel injection systems, made a profit of € 3 million last year, all assets of 63 million €.
However, the speed with which Brainspark is throwing your money on that has interested small-cap investors, who sent shares of the group by about 130 percent in the last 12 months.
Investment in pick me up comes on the heels of support Brainspark £ 140,000 last month from another computer Aim-listed, Indian Restaurants Group, and two months after plowing £ 1.5m in the Italian second division soccer club Ancona , an investment that has increased.
Brainspark says it pursues a “dynamic” to create a portfolio of media, entertainment companies, largely in Italy.
Despite the recent investments that have been covered in this column, the group regards as its most active involvement in investment Mediapolis, the Italian group which owns a site in northern Italy, which plans to develop a amusement park. Brainspark says “may be a passive or active investor, and [that their raison d'être of investment] is going from the acquisition of minority positions with influence over large strategic positions of control.”
So nothing really ruled out, then.