KIK alert ..... astrostuff update ..... :)

[yogi-in-oz]

:)

Hi folks,

KIK ..... has been overlooked by the masses in recent times,
but may get a downhole gas or oil kick, as the drilling program
progresses in the Philippines, throughout 2010 ... :)

..... will be alert for some significant news from KIK, around the
new moon in January 2010 ..... and that will be on 14-15012010.

Happy trading in 2010, to all ... !~!

happy new year

paul

:)

=====

[drillfix]

:)

..... will be alert for some significant news from KIK, around the
new moon in January 2010 ..... and that will be on 14-15012010.

=====

Yeah Right Paul, in the meantime what happened to TOE??? (=nothing)

Good luck to you also in the new year mate, we all are gonna need some polish`! ;)

[yogi-in-oz]

:)

Hi folks,

KIK ... ticking up nicely over the past couple of days,
on light volume and no news, so far ..... :)

HAPPY NEW YEAR to all ... !~!

happy trading

paul

:)

=====

[drillfix]

:)

KIK ... ticking up nicely over the past couple of days,
on light volume and no news, so far ..... :)
=====


Ummm, I wonder if the price of oil from $69 dollars up to $80 dollars has something to do with it???? :rolleyes:

Oh no, it couldn't be that paul, it would have to be the Tide Rising in Jupiter surely huh??? :p

[shasta]

Ummm, I wonder if the price of oil from $69 dollars up to $80 dollars has something to do with it???? :rolleyes:

Oh no, it couldn't be that paul, it would have to be the Tide Rising in Jupiter surely huh??? :p

KIK - Investor Update

http://www.stocknessmonster.com/news-item?S=KIK&E=ASX&N=480626

KIK have a 35% interest in the Tindalo oil field (with operator NDO 50%)

This field is due online Q2 2010, & with flow rates between ~7-15k/bopd, so first up production of ~2,000-5,000/bopd should re-rate KIK (+NDO).

KIK had ~$11m cash on hand as per last quarterly.

KIK also has a 40% interest in SC54B, along with NDO.

So long as NDO avoid the same fate that GPC had with the Galoc oil field, both NDO & KIK should have a very healthy Q3 & Q4 cashflow statement.

[h2so4]

Looming cash flow, money in the bank, oil assets and it's cheap....ala PPP???

I would have thought tricha would be ramping this one. :)

[boysy]

looks like a cap raising going ahead the question has to be why is tindalo not performing up to scratch or do they have plans to drill sc 54b sooner rather than later ?

http://www.asx.com.au/asxpdf/20100617/pdf/31qw4hlf9dyyhs.pdf

[boysy]

SP down to 8.4 cents the recent share offering to sophisticated sh at 14 cents ( 40% loss in 7 weeks) you have to wonder how much longer they can hold off raising more cash. The big question will be the size and the price if they do raise capital this way or sale of significant equity in the service contracts.

[boysy]

And it gets even worse down to 6.5 at open the sp is 1/3 of what is was a few weeks back and those sophisticated investors down 55% in a matter of weeks certainly does look like a cap raising is imminent as problems at tindalo cause more delays to production and further CAPEX costs to get the well cashflow positive. On top of all of this the 100 day EWT will run out any day now meaning cost recovery goes down to 70% from 100% all the while incurring US$250k a day rig costs.

[boysy]

Well the company has finaly come out with a cap raising details should follow in the coming few days. You have to think there will be huge dilution and price tag sub 5 to get the cash in hand. Will be very interesting to watch as to how much cash they hope to raise my bet 1:1 cap raising at say 4.5 cents

[yogi-in-oz]

:)

Hi folks,

KIK ... no joy as to the origin of the water ingress into the well ... !~!

..... so, it just hurry up and wait ... :)

have a great day

paul

:)

=====

[boysy]

Well details of the equity raising out today wil be interesting the size and price of equity raising.

[boysy]

Well KIK down to 5.5 cents ~775 million shares on issue Tindalo still has issues but most renet ann suggests the worst issues are now behind the JV though they have said this every other time. Tindalo failures so far really has killed the SP this year and has caused massive dilution all the cap raisings so far have resulted in massive losses one at 14cents and one at 4 cents and a 1:5 RI at 4 cents. Should go much higher if they can flow oil from well with minimal water cut as they now expect to do.

http://www.asx.com.au/asxpdf/20101223/pdf/41vv00ftb6jwp9.pdf

[shasta]

Well KIK down to 5.5 cents ~775 million shares on issue Tindalo still has issues but most renet ann suggests the worst issues are now behind the JV though they have said this every other time. Tindalo failures so far really has killed the SP this year and has caused massive dilution all the cap raisings so far have resulted in massive losses one at 14cents and one at 4 cents and a 1:5 RI at 4 cents. Should go much higher if they can flow oil from well with minimal water cut as they now expect to do.

http://www.asx.com.au/asxpdf/20101223/pdf/41vv00ftb6jwp9.pdf

OEL & NDO are well aware of the risks associated with oil extraction in the Phillipines (via Galoc issues, as you know Boysy), & as this is KIK's first producing project, it suffered a hammering in its share price when Tindalo didnt meet expectations.

When i posted earlier, i did highlight the risks as well as the upside, i think for the Phillipines the wise play is to buy when things are up & running.

Once Tindalo i up & running KIK should do ok & re rate accordingly when the market sees the cash rolling in.

If KIK wants to stick with NDO thats all good, but i'd like to see KIK, NDO & OEL share rig costs & drill some of there adjoining permits, maybe something down he line to keep in mind?

[boysy]

Good idea though shasta they are all after the same investors money all being out of perth i think theres a fair bit of measuring up each company compared to the others. OEL vs NDO , NDO vs KIK ect. I like your idea but i think the management of certain companies wouldnt go for it but it would certainly make sence for NDO and OEL to team up. As you mention Shasta OEL has had to deal with the watercut issues at calauit like NDO is now dealing with at tindalo. Will be very interesting who comes out on top. NDO has shell farm in lets just hope OEL can top this with its own farm in.

[boysy]

Tindalos being abandoned a huge blow for KIK sp down 25% to 4.3 cents they will need to raise cash quick to even get to gindara one would think.

http://www.asx.com.au/asxpdf/20101229/pdf/41vy35gdpj5j5j.pdf

[boysy]

down 29 % for the day ended on 4.1 on 22m volume i think its only going to get worse for KIK in the short term funding issues will once again rear their ugly head sooner rather than later.

[boysy]

Further cap raising announced as well as update due on or before monday. The company has already raised so much cash off investors you have to wonder at what price and dilution this cap raising will deal to KIK.

http://www.asx.com.au/asxpdf/20110106/pdf/41w22ztw3gsd1p.pdf

[boysy]

suspension from official quotation today as they still cannot release any info to the market quite yet not looking good at all

http://www.asx.com.au/asxpdf/20110110/pdf/41w3djx2rjwqg3.pdf

[boysy]

Looks like they are actually ready to go and ask for more capital

http://www.asx.com.au/asxpdf/20110120/pdf/41w920hhz2tx26.pdf

[boysy]

well the cap raising details out very interesting reading will be interesting what happens to the sp which was 4.6 pre cap raising. This cap raising getting over 400m shares issued at 3 cents you wonder how many more sophisticated investors/instos will keep putting their hard earned in this one.

http://www.asx.com.au/asxpdf/20110125/pdf/41wcjlk7zy1sqx.pdf

[boysy]

So kik with 22% of sc 54b heading into gindara drill targeting 1 billion barrels with a pos ~40%. The have enough cash to fund their share of the drill but will struggle to fund activities going forward. KIKO seem to have the greatest leverage on gindara currently have 300m piggy back options due august this year for 4 cents currently changing hands for 1.4 cents while the heads are going for 4.4 cents.

[boysy]

KIKO up almost 40% today on huge volume

[boysy]

Another strong day up 20% to end on 2.5 cents heading into Gindara this certainly is high risk/ high return

[boysy]

KIKO up 30% today up over 100% since last week at 3 cents

[Entrep]

Aren't NDO in charge of the drill? That's a massive worry.

[boysy]

Thats the big but one only hopes the shell boys are taking a more active role and are really guiding nido. We know the stuff ups at Tindalo i still question why nido simply wouldnt let shell run the show. KIK is almost entirely a pure Gindara play with nothing else but sc 54A or the shallows and we know how that worked out at Tindalo.

[boysy]

Well its seriously make or break time for kik with the spud of gindara apparently a little over 2-3 weeks away it really is time to see if they can hit oil. This is the play that long term holders of both KIK and NDO have been talking about for many years the sp hasnt run much in anticipation will be interesting heading into the drill if there will be fireworks as staunch supporters of both KIK and NDO have been talking it up.

[boysy]

Quarterly out a bot of a shocker but it was expected. Cash down to 4.5 million with 3 million expected to go out the door during the quarter. No doubt a cap raising but after the general meeting called for 16 may so the directors can get their incentive options approved before further diluting current shareholders. Could likely go lower heading into gindara drill especially if it is delayed in any way shape or form.

cash flow report http://www.asx.com.au/asxpdf/20110429/pdf/41yc2ylh53098v.pdf

[boysy]

Well its do or die time for KIK the spudding of gindara a 1bn barrel target with 16 days before an outcome is known. If the JV partners are to be believed POS is 43% though clearly this is finding oil or gas and still seems very high. KIKO's still seem to offer the highest leverage they wil be worthless if KIK dont strike oil and will be worth many multiples of todays price of 2.5 cents if they do hit HC's. No doubt they will need to raise more capital before TD is reached.

[boysy]

KIK MD talking about the Gindara drill under way on CNBC making no qualms about the fact KIK will be worth many multiples if the well hits commercial HC's

http://video.cnbc.com/gallery/?video=1935355854

[drillfix]

Hi Boysy,

Man, it appears you have been keeping this thread quite busy mate. Good stuff.

Last time I saw this stock (kik) it was over 12c and then let it slide off my watch list and its been smashed quite a bit since.

Good exposure on CNBC though no shortage of sellers out there, yet the stock has fared well during a quite a harsh ASX whipping really.

Hope things work out well for you on this which no doubt will soon be known with the drilling currently underway (I think is it not?).

ps: I would have technically thought it would have tested the 150ema at 5.7c but perhaps tomorrow markets pending.

[boysy]

Well it certainly isnt heading the way holders were hoping well into a drill should get results out first thing next week if this ones a duster it really should be curtains for KIK they have been a great ride for traders but anyone holding them long term must really be hurting. Ended the week on 4 cents and the KIKO's on 2 cents