Kea's double whammy

UK-listed Kea Petroleum's first Australian exploration well, Hoadleys-1 in the onshore Surat Basin, Queensland, has not encountered any commercial hydrocarbons, neither has its onshore Taranaki Wingrove-2 well.

Kea's double whammy Kea's double whammy Kea's double whammy Kea's double whammy Kea's double whammy

Kea's share price - on the London Stock Exchange's Alternative Investment Market - first plummeted more than 36% to 6.62p (A9.9c) in early trading, then slid to 5.

loader