Politically, strategically and geologically, things are coming together for Papua New Guinea gas explorer Kina Petroleum , much to the satisfaction of managing director and PNG exploration veteran Richard Schroder.

Having defied an unfolding political crisis to raise $12.3 million in its initial public offering at 20¢ a share in December, Kina has prospered despite the risk-averse market and the uncertainty as the lengthy election process works towards a conclusion.