KEH - Keaton Energy Holdings Limited - Trading Statement and Production Update
KEH
KEH
KEH - Keaton Energy Holdings Limited - Trading Statement and Production Update
Keaton Energy Holdings Limited
(formerly Tricoal Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2006/011090/06)
JSE share code: KEH ISIN: ZAE000117420
("Keaton Energy" or "the Company")
Trading Statement and Production Update
This trading statement is issued in terms of the JSE Limited`s Listings
Requirements.
Shareholders are advised that earnings per share and headline earnings per share
for the six-month period ended 30 September 2008 are expected to be between 1
cent and 1.5 cents respectively.
No mining revenue was generated during the period ended 30 September 2008 as
Keaton Energy was still in the exploration phase of its mining operations.
The earnings per share and headline earnings per share are mainly as a result of
the interest earned on the funds raised during the Company`s seed capital
raising (R312 million) in November 2007 and its listing (R100 million) in April
2008.
Shareholders are advised that the Company`s results for the six-month period
ended 30 September 2008 are expected to be published on or about 26 November
2008. These results are being reviewed and will be reported on by the Company`s
auditors.
First cash flow was generated by the Company`s Klip Colliery during October
2008. This Colliery will provide early cash flow to the Company for a period of
about 10 months in anticipation of the development of the much larger Delmas
Project.
19 November 2008
Bryanston
Investment bank and sponsor
Nedbank Capital
Date: 19/11/2008 14:30:01 Produced by the JSE SENS Department.
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