"Oil & Gas explorer Kina Petroleum Limited (KPL) began trading on the ASX in December of 2011 at $0.20 per share. The share price is now around $0.44, up almost 140%. The company is registered in Papua New Guinea where it operates. Kina has six prospecting licenses in PNG, entering into key “farm-in” arrangements in some with partners like Horizon Oil and Oil Search to fund its own drilling program. Kina has 100% working interest in 3 of the areas under license. Macquarie began covering KPL on 13 November 2013 with an Outperform recommendation and a $0.70 price target. Australian brokerage house BBY has a 12 month $1.48 price target for Kina Petroleum"
KPL Price at posting:
45.0¢ Sentiment: LT Buy Disclosure: Held