Interesting release from KEY Petroleum late yesterday...
[If you don't already know, they are JV owners with PGY on WA-481-P (with 435 millions barrels of oil equivalent prospective resources I might remind you!!) and EP-437.]
The recent KEY $1 million capital raising investors have been named as ASF Group Ltd (ASF), the ASX-listed Sino-Australian investment company behind the $3billion Gold Coast Integrated Resort (casino, hotel, entertainment, etc..) who chipped in $320,000; and the other being Start Grand Global Limited out of Hong Kong who kicked in $680,000. One can only assume this to be play money for these investors with very deep pockets.
Nonetheless it is worthy of mention given that PGY majority shareholders with 45% are of Chinese background.
I can sense some big things ahead for both KEY and PGY. It's pity the 68mill x $0.002 sellers of PGY are creating a 'cap' on the SP at the moment. It shouldn't be long before demand boots them out of play and we can see a trading range of $0.004-$0.01. PGY's AGM on 28Feb should no doubt approve the 10% share capital increase so will be very interesting if/when the directors exercise that and who will be on the registry. In the meantime, given management and directors' progressive form, I think we may see an announcement on WA-481-P with MOU on farm-in partner. All up it's looking very positive...still holding!
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Mkt cap ! $28.97M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 960100 | 1.9¢ |
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Price($) | Vol. | No. |
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2.1¢ | 892002 | 6 |
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No. | Vol. | Price($) |
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6 | 960100 | 0.019 |
4 | 1333333 | 0.018 |
4 | 1900000 | 0.017 |
8 | 4370556 | 0.016 |
5 | 2607081 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.021 | 892002 | 6 |
0.022 | 1298082 | 5 |
0.023 | 1185476 | 2 |
0.024 | 690454 | 4 |
0.025 | 2477222 | 3 |
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