Kairiki Energy Limited Company News

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Kairiki Energy to Dispose Stake in Yilgarn Petroleum Philippines to IMC
Kairiki Energy enters into a deal to dispose of its entire stake in Yilgarn Petroleum Philippines - which has interests in Service Contracts 54A and 54B offshore the Philippines - to IMC Oil & Gas Investments.
8:00 PM EST | June 08, 2015
Shell Farms-In to Philippine Block for Nido-Kairiki JV; Swaps Rigs
Nido advised that the Shell farm-in to Nido and Kairiki's interests in SC 54B was formally approved by the Philippine DOE. The JV has agreed to substitute the deepwater Noble Phoenix drill-ship with the Atwood Falcon.
7:00 PM EST | January 30, 2011
Kairiki Appoints New Non-Executive Director
Kairiki announced the appointment of Mr. John Morton as a non-executive Director with effect from August 25, 2010.
8:00 PM EST | August 24, 2010
TG World Takes Bite of Philippine Oil Project
TG World has signed farm-in agreements for a 12.5% equity interest in two Philippine offshore development ready oil discoveries.
8:00 PM EST | March 15, 2010
Kairiki Energy Appoints Managing Director
The Directors of Kairiki Energy Limited have announced the appointment of Dr. Mark Fenton as Kairiki's new Managing Director effective December 1, 2009.
7:00 PM EST | November 23, 2009
Kairiki Secures Farm-Out for SC 54A in Philippines
Kairiki has achieved a significant milestone in the development of the Tindalo project after entering into an agreement with Trafigura to farm-out 5% of its current 40% interest in Service Contract 54 Block A.
8:00 PM EST | October 21, 2009
Nido, Kairiki Get Govt Approval to Partition Service Contract 54
Nido Petroleum advised that the Philippine Department of Energy approved the request of Service Contract 54 joint venture partners to partition the Contract into two areas.
8:00 PM EST | July 27, 2009
Kairiki Raises $7MM to Fund Inboard Development Program
Kairiki Energy has reached agreement to place a minimum of 50 million ordinary fully paid shares at an issue price of 14 cents per share to raise gross proceeds of $7,000,000.
8:00 PM EST | June 21, 2009
Kairiki Energy Clinches $1.1MM Financing
Kairiki has reached agreement for the placement of 8,000,000 ordinary fully paid shares at an issue price of 14 cents per share to raise gross proceeds of $1,120,000.
8:00 PM EST | May 11, 2009
Kairiki Energy Farms-Out Stake in SC 54
Kairiki Energy's subsidiary has executed a formal farm-out agreement with Focus Oil and Gas for a 17% interest in the inboard portion of SC 54.
8:00 PM EST | April 30, 2009
AuDAX Snaps Up Kairiki's Interest in Sicily Channel Permits
Kairiki Energy has entered into agreements to sell its 30% interest in each of the Sicily Channel exploration permits, Pantelleria and Kerkouane, to AuDAX.
8:00 PM EST | March 30, 2009
Kairiki Farms-Out Interest in SC 54, Philippines
Kairiki Energy has entered into a conditional agreement with a private oil and gas investment company to farm-out a 17% interest in the inboard portion of Service Contract 54 in the Philippines.
8:00 PM EST | March 22, 2009
PGS to Participate in Exploration of Sicily Channel Permits
AuDAX Resources signed a MOU with PGS for participation in exploration of the Pantelleria and Kerkouane Permits in the Mediterranean Sea.
7:00 PM EST | February 25, 2009
Kairiki Names New Managing Director
Kairiki has announced the appointment of Laurie Brown as its new Managing Director effective November 18, 2008.
7:00 PM EST | November 17, 2008
Kairiki Seeks Partner in SC 54 to Target 87MM Barrels of Oil in Place
Kairiki is searching for a partner to assist in developing its shallow water project in Service Contract 54.
7:00 PM EST | November 12, 2008
Kairiki Won't Extend Chorbane Permit Acquisition's Closing Date
Kairiki Energy has elected not to extend the closing date for the acquisition of the Chorbane Permit in Tunisia past October 31, 2008 and as a result will not complete the proposed transaction.
7:00 PM EST | November 02, 2008
Nido, Kairiki Wrap Up Shallow Water Drilling Program Offshore Philippines
Nido and Kairiki have released the jackup drilling rig WilBoss from service and have concluded their 2008 shallow water drilling program in Service Contract 54 on time and on budget.
8:00 PM EST | October 29, 2008
Nido Confirms Tindalo-1 Oil Discovery Offshore Philippines
Nido has confirmed the discovery of oil at the Tindalo-1 well in Service Contract 54, located in the Palawan Basin offshore the Philippines.
8:00 PM EST | October 22, 2008
Nido, Kairiki Encounter Oil Shows at Tindalo-1 Offshore Palawan
Nido and Kairiki have observed oil shows while drilling through the Nido Formation reservoir section at the Tindalo-1 exploration well, located offshore the Philippines.
8:00 PM EST | October 19, 2008
Nido, Kairiki Encounter Oil Shows at Tindalo-1
Nido and Kairiki provided a progress report on the Tindalo-1 exploration well currently drilling in Service Contract 54 in the Palawan Basin, offshore the Philippines.
8:00 PM EST | October 14, 2008
Kairiki Energy Appoints IMC's Jyn Sim Baker to Board
Kairiki Energy has announced the appointment of Jyn Sim Baker of IMC Resources Group to the Board of Kairiki.
8:00 PM EST | October 12, 2008
Nido, Kairiki Spud Tindalo-1 in SC 54
Nido Petroleum and Kairiki Energy have spudded the Tindalo-1 exploration well in Service Contract 54 on October 3, 2008. Tindalo-1 is targeting the same reservoir that was oil-bearing at Yakal-1 and is expected to take three weeks to drill.
8:00 PM EST | October 05, 2008
Nido, Kairiki Confirm Oil Discovery at Yakal-1 Offshore Palawan
Nido has confirmed the discovery of a 78-meter oil column at the Yakal-1 well in SC54, offshore the Philippines.
8:00 PM EST | September 23, 2008
Nido, Kairiki Discover Oil at Yakal-1 in Philippines' SC 54
Nido and its Joint Venture partner Kairiki have provided a progress report on the Yakal-1 well currently drilling in SC 54, located in the NW Palawan Basin, offshore the Philippines. Wireline logging has confirmed the presence of an oil column.
8:00 PM EST | September 21, 2008
Nido, Kairiki Spud Yakal-1 in Philippines' SC 54
Nido and its Joint Venture partner Kairiki announced that drilling commenced with the spud of the Yakal-1 exploration well in Service Contract 54 on September 8, 2008.
8:00 PM EST | September 08, 2008
Kairiki Executes $10MM Convertible Note
Kairiki has now executed formal documentation with IMC Oil & Gas Investments Ltd., part of the IMC Group, in relation to the US $10,000,000 Convertible Note raising described in the Company's August 29, 2008 announcement.
8:00 PM EST | September 08, 2008
WilBoss Jackup Sets Sail for Operations Offshore Palawan
Nido Petroleum and its Joint Venture partner, Kairiki Energy, announced that as of Friday, August 29, 2008, the WilBoss jackup drilling rig began mobilizing from Vietnam to Service Contract 54, located offshore the Palawan Island in the Philippines.
8:00 PM EST | September 01, 2008
WilBoss to Arrive, Drill 2 Wells Offshore Palawan Island in September
Nido and its Joint Venture partner, Kairiki, are pleased to announce that the arrival of the WilBoss drilling rig has been accelerated to early September 2008. The WilBoss will drill two wells in SC54, located offshore Palawan Island, Philippines.
8:00 PM EST | August 24, 2008
Kairiki Picks up Property Offshore Sicily
Kairiki Energy has executed Sales and Purchase Agreements in respect of the previously announced acquisitions of a 30% interest in two contiguous offshore Exploration Permits, G.R. 15 PU and Kerkouane, from Audax Resources.
8:00 PM EST | June 17, 2008
Kairiki Raises $11.5MM to Fund Drilling Program
Kairiki Energy Limited announced that it has reached agreement to place up to 49,949,730 ordinary fully paid shares to raise gross funds of $11,488,438.The funds will be used to fund Kairiki's Philippine's drilling program.
8:00 PM EST | June 15, 2008
Nido Signs the WilBoss Rig for 2008 Drilling Program
Nido has entered into an assignment agreement with Premier Oil Vietnam Offshore and WilBoss Ltd to contract the 'WilBoss' drilling rig for a firm two-well shallow water program with a possible extension.
8:00 PM EST | June 04, 2008
Nido Expands SC54 Drilling Program in the Philippines
Nido Petroleum plans to expand its drilling program in (SC54) by accelerating its shallow water strategy.
8:00 PM EST | April 29, 2008
Kairiki Acquires Interest in 2 Offshore Permits in the Mediterranean Sea
Kairiki Energy Limited has signed a Letter of Intent to acquire a 30% interest in two contiguous offshore Exploration Permits, G.R. 15 PU and Kerkouane, from AuDAX Resources Limited.
8:00 PM EST | April 28, 2008