[ 24/06/08 ] Kairiki Completes $11.5 million Financing

Further to the company's announcement on 16 June 2008, the Directors are pleased to advise that the allotment of 49,949,730 ordinary fully paid shares at an issue price of 23 cents per share has been completed.

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[ 16/06/08 ] Kairiki Raises $11.5m to Fund SC54 Drilling Program

Kairiki is pleased to advise that it has reached agreement to place up to 49,949,730 ordinary fully paid shares at $0.23 per share to raise gross funds of $11,488,438 to sophisticated investors

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[ 05/06/08 ] SC 54 Drilling Rig Secured

Kairiki is pleased to announce securing the “WilBoss” jack-up drilling rig for a two well shallow water drilling program in SC 54, commencing after mid October 2008.

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[ 29/05/08 ] Investor Presentation: Hong Kong Investor Update

Kairiki’s recent Investor Presentation from the recent Hong Kong Road trip.

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[ 07/05/08 ] SC 54 Update

Nido’s assessment of their prospects and leads inventory in relation to their offshore Philippines NW Palawan Basin assets, which includes SC 54.

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Board of Directors

 

Paul Fry

Paul Fry
Non-Executive Chairman

Mr Fry has over 20 years experience advising companies operating in the oil and gas industry in Australia, UK and North America.
He was formerly an oil and gas specialist partner with Ernst & Young and PriceWaterhouseCoopers in Australia and Canada, two major global professional advisory firms, and has strong commercial and financial skills.
He brings a wealth of experience working with junior oil and gas companies.

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Craig Gumley
Managing Director

Mr Gumley is a highly qualified geoscientist who has held senior management positions with Santos over the past seven years. He has extensive technical and management experience operating projects in a variety of basins throughout Australia and the United States.
Mr Gumley has a Bachelor of Science in Geology and also a Bachelor of Science (Honours) in Geophysics from the University of Adelaide. Mr Gumley is also a member of the American Association of Petroleum Geologists (AAPG), the Petroleum Exploration Society of Australia (PESA), the Society of Exploration Geophysicists (SEG) and the Australian Society of Exploration Geophysicists (ASEG).

Laurie Brown

Lawrence Brown
Executive Director

Mr Brown has joined the company as its exploration director. Mr Brown has over 23 years international petroleum exploration industry experience as an exploration geoscientist.
He joined BP in 1982 and after 17 years, working predominantly on international assignments covering the Middle East, Asia, Africa, UK and Australia, he settled in Australia in 1999 where he took up a lead role in Woodside's International Team. He was appointed as a Shell Global Consultant and led Woodside's technical exploration effort in deepwater Mauritania, culminating in the landmark Chinguetti discovery.

Chris Swarbrick

Chris Swarbrick
Non-Executive Director

Mr Swarbrick is a petroleum geologist with over 38 years international oil and gas industry experience and has a M.Sc. degree n Petroleum Geology from Imperial College, London. He recently retired from Chevron after more than 30 years with Chevron Texaco and Texaco, most recently as Exploration Manager in Kazakhstan, and Senior Exploration Advisor/Acting Exploration Manager in Perth. Mr Swarbrick was involved in the discovery of several significant oil and gas fields, including Jansz and other major gas fields in the Greater Gorgon area of NW Australia.

Rae Jefferies

Rae Jefferies
Non-Executive Director

Ms Jefferies has over 25 years international oil and gas experience as a Reservoir Engineer, specialisng in field development planning, reservoir management and optimisation.
Ms Jefferies worked for Mobil and ConocoPhillips on major UK oil and gas fields in operational development roles, before settling in Australia as an independent reservoir engineering consultant. She has conducted numerous field assessments internationally ranging from small onshore to major offshore deepwater developments. Ms Jefferies has also advised on development feasibility and optimisation projects for Shell, Woodside, Chevron, Mobil, Apache and local Perth independents and has lectured in Reservoir Engineering for the University of Western Australia.