Kairiki has been advised by Focus Oil and Gas Pte Ltd that as it is unable to meet the required condition precedent of concluding its investor contracts to fund their obligations under the Farm-out Agreement dated 30 April 2009, the agreement will lapse as of today.

View Full Post »

[ 29/06/09 ] Completion of Placement - Appendix 3B / Section 708A Notice

Further to the announcement on 23 June 2009, the Company advises that the placement of 57,800,000 ordinary fully paid shares at an issue price of 14 cents per share has been completed.

View Full Post »

[ 23/06/09 ] Kairiki Placement Oversubscribed

Kairiki is pleased to advise that it has received firm commitments for a placement of 57.8m shares at 14 cents for total gross proceeds of $8.1m. The issue was strongly oversubscribed by institutional and sophisticated investor clients of Southern Cross Equities. The placement is the maximum number that can be placed under Kairiki’s available 15% capacity under the ASX listing Rules and is expected to be completed before 30 June 2009.

View Full Post »

[ 22/06/09 ] $7million Capital Raising

The Company is pleased to announce that it 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.

View Full Post »

[ 02/06/09 ] Extension to Farmout Agreement

The parties have agreed to extend the period for Focus to conclude their financing arrangements with their investors to meet their financial obligations under the farmout agreement, from 2 June 2009 to 16 June 2009.

View Full Post »

Kairiki Energy Limited (KIK)

Kairiki Energy is a Perth based company listed on the Australian Stock Exchange. (ASX Code: KIK)

Kairiki's corporate strategy is to acquire oil and gas interests in proven oil and gas basins. Currently, Kairiki has oil and gas interests in:

Philippines;

Kairiki has assembled a very experienced Board of Directors and management team to achieve its objectives. The Directors have over 70 years experience with major oil and gas companies working the world's major petroleum basins.