Kairiki Energy (ASX:KIK) Farm Out Update for Philippine Oil and Gas Field SC 54

  Perth, Australia, June 30, 2009 - (ABN Newswire) - Kairiki Energy Limited (ASX:KIK)(PINK:KAIRF) 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.  

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