I rang the company a few months ago and spoke to John Doughty , getting down to the point was that he said that the market dosen't really understand, and in his words " how sexy " the KEA assetts are.
High on the agenda was also the 50% oil rights in atp 837, which is now currenty under going 3D seismic and of which we also have 15% CSG rights.
Seemed like the 50% oil rights was more attractive to RAW with the adjacent moonie oil fields , my first purchase into RAW was mainly for the CSG play , but with Kea popping up more in the press and with 22 mill barrels of oil already produced from the moonie field , plus add in the CSG potential , all the more reason to be a patient holder as I have been , as any RAW holder would know.
Cheers
RAW Price at posting:
9.0¢ Sentiment: Hold Disclosure: Held