PKO - Peako Limited - Aussie Stock Forums

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  1. #1
    Administrator Joe Blow's Avatar
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    Post PKO - Peako Limited

    Raisama Limited (RAI) is a uranium development company with interests in Australia and the Kyrgyz Republic. RAI's uranium assets in Australia include five projects in Western Australia and one project in South Australia. In the Kyrgyz Republic RAI owns 75% of the Kashkasu project.


  2. #2

    Default Re: RAI - Raisama Limited

    I made some investigation on RAI looking into its recent drilling result and put a miniscule purchase at 20 cents today !

    What intrigued my attention is the price it rose after IPO and its current price. Though came down considerably but still near to 20 cents.

    The drill sample results are encouraging. As a guide the ppm of Uranium Oxide in its recent sample shows it is almost four times better than BMN uranium ore sample. It is even better than the Yeelirrie uranium ore (Western Australia) for which BHPB is very proud.

    The management has trumpted on 20 April (some three months back) about its 100 days success story (looks like a political speech shows some good steps forward. One of that milestone is the drilling sample result published today in ASX.

    The share is thinly treaded with very less volume however so may not be a joyful scrip for day traders . But technical strength IMO is strong.

    DYOR and please share your thoughts on this scrip.
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    Miner :
    All sellers are inevitably, and by the meaning of the word, buyers so DYOR .

  3. #3
    Make the drill work for YOU springhill's Avatar
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    Jun 2007
    Mental Institution

    Default Re: RAI - Raisama Energy

    MC - $7m
    SP - 2.8c
    Shares - 254m
    Options - NQ
    Cash - $1.8m

    Acquisition of Strategic Stake in VenturOil Philippines Inc
    Raisama acquired a strategic, 40%, interest in VenturOil Philippines Inc (VenturOil) which, in turn, holds a 20% undivided interest in SC6 Cadlao and a 12.88% interest in SC6B Bonita (subject to Philippines Department of Energy (DOE) approval). VenturOil is a highly regarded local Philippines oil and gas company with strong ties to both the Philippines government and upstream petroleum industry.
    Under the funding agreement with VenturOil, Raisama will acquire a 16.25% indirect working interest in the Cadlao project. This interest attributes to the Company 1 mmbbl (on a 2P basis), which Gaffney Cline and Associates has previously valued at $22m.
    Raisama will fund VenturOil’s 20% share of development costs on the Cadlao Project, estimated to be between US$8m – US$10m depending upon the final development solution approved by the DOE and also the relative timing of oil revenues related to this solution.
    VenturOil is only obligated to pay these costs following the “spudding” of the first development well at Cadlao, currently scheduled for 1Q13, which then closely ties project funding with project revenues. As such, Raisama does not have any near term funding obligations and, due to Cadlao’s certified reserves, believes its commitments can be partially debt funded.

    Cadlao Redevelopment Project, Offshore Palawan Basin, Philippines

    Due to the legal action taken by Blade, Raisama has been effectively prevented from continuing its operational activities on the Cadlao Project. The Company hopes that a settlement of its dispute with Blade will enable the Project to regain its momentum for the achievement of first oil in 2013.

    SC6B Bonita Block, Offshore Palawan Basin, Philippines

    As a precursor to approval of Raisama as a Service Contractor (and Operator) of SC6B Bonita, the DOE has requested the Company to demonstrate funding capacity for its share of the requisite work program, budgeted at $100,000. This prerequisite is due to be completed in the next quarter.

    South Block A (SBA) North Sumatra

    Preparations for the 2D seismic program were delayed while the customary operating agreement was finalised between BP Migas and the relevant Provincial Government in Sumatra. This matter has been resolved and planning and execution of the seismic and drilling program has recommenced. The seismic tender process has restarted and is expected to be completed in the third quarter of the year. Seismic is planned to start in the fourth quarter and the drilling location will be finalised once the seismic has been completed.

    PEP 51311 Oil & Gas Exploration Block, Offshore Taranaki Basin, NZ

    The Operator, New Zealand Oil and Gas Limited, has advised that discussions continue to secure a drilling rig for the planned Kakapo Prospect. Pending rig availability and final government approvals, the prospect is likely to be drilled in 2013.

    Uranium Projects
    The Company continues to consider opportunities to maximise the value of its uranium projects whilst remaining focused on its oil and gas portfolio.
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    "You have enemies? Good. That means that you've stood up for something, sometime in your life" - Winston Churchill

  4. #4

    Default Re: PKO - Peak Oil & Energy

    On April 17, 2013, Raisama Energy Limited (RAI) changed its name to Peak Oil & Energy Limited (PKO).

  5. #5

    Default Re: PKO - Peako Limited

    On January 11th, 2016, Peak Oil & Gas Limited changed its name to Peako Limited.

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