spud date top secret, page-6

Sorry Speccy

Didn't really answer your question, but with respect to what Key might be thinking about tackling I really have no idea. They talk of entering another basin I think, but that's probably gonna require a top up, even upon success at these 2 wells. So look out for more dilution.

Let's see how they go with this one. I believe this is their first onshore drill in Australia? So if they do a good job managing the drilling and the various parties involved and don't end up coughing up too much in overruns, this will give me confidence about their operational capabilities at least. In this region this aspect of an explorer's capabilities should be given extra weighting. So far, I like what I seen in that respect-maybe big brother's influence (most experienced op in the area)?

The immediate negative for me regarding this company, as with most companies in oil/gas exploration, is the variability / opacity of their announcements. I know they can do better, so it makes me wonder what the motivation behind this is. [It's hard work reading between the lines-the font is so small]. I keep talking about this in the disingenuous hope that some of them will listen.

Probably not very helpful. Speccy, you've probably got a better idea than me to be truthful. But these are the first things I will be looking at when I reassess. If it still looks good then I will delve further. Also, I don't think there is much chance of acquiring more Canning acreage is there? At least not at a reasonable price.

So, do you have something in mind?