re: Ann: Completion of MEO Australia Share Pu... This would be...

re: Ann: Completion of MEO Australia Share Pu... This would be the reason for Kea's SP rise.

* Kea Petroleum To Meet Funding Obligations With New Financing Deal *

MEO will earn a 30% interest in the Permit in return for funding NZ$4m (80%) of a NZ$5m first phase work program (“Phase 1”). The 1m fund raising in the article ensures that Phase 1 of the JVs work program is financed after both parties have completed fund raising activities.

The full agreement can be seen:

* Here *

Phase 1 drilling should start by the end of June.

#:>))