July 2011
QRxPharma raises $25m from local, US and UK funds
In capital raising news on Friday, QRxPharma raised $25 million in a placement to Australian, US and UK-based fund managers, Genetic Technologies raised $11.7 million from institutional and sophisticated investors and Crusader Resources’ share placement raised $16.2 million.
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- Anthony Macdonald
June 2011
Nido, Kairiki oil well hopes dashed
Hopes for a large oil discovery in the Philippines by Nido Petroleum and Kairiki Energy have been dashed after the Gindara-1 exploration well found water instead of oil or gas in the main target section.
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- Angela Macdonald-Smith
May 2011
High hopes for Philippine oil well
Updated | Pulses are quickening at junior explorers Nido Petroleum and Kairiki Energy, which were due to start drilling their highly anticipated Gindara-1 exploration well in the Philippines last night.
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- Angela Macdonald-Smith
January 2011
- Opinion
- Opinion
Juniors champing at the drill-bit
After a disappointing 2010 on the exploration front for the junior oil and gas sector, one of the first to test the drill-bit in south-east Asia this year will be Carnarvon Petroleum, which is gearing up to start drilling in its L20/50 block onshore Thailand in little over a week’s time.
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- Paul Garvey
October 2010
Kairiki in farm-out deal with Shell
Kairiki Energy has an agreement with Shell Philippines for the farm-out of its 40 per cent interest in Service Contract 54 Block B, north-west Palawan Basin.
Poor timing for Peak Oil
Peak’s strategy is predicated around the rapid development of the advanced Cadlao field in the Philippines.
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- Nabila Ahmed and Sarah Thompson
June 2010
Brief: Kairiki Energy
Kairiki Energy has received firm commitments for a capital raising of $6.54m by the placement of 46.7m shares at 14¢ each.
Nido goes with the flow
Shares in the oil and gas explorer jumped 25 per cent this week before the release of further results from a well in the Philippines.
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- Jamie Freed | Sarah Thompson