tz gas and energy, page-51

Surandy70,
I agree with you, the 3rd quarter release from Aminex PLC does not give any hope for KN#1 being progressed in the forseeable future.
Still awaiting bureaucratic lethargy in Tanzanian Government for expansion of Songas?????
I now wonder why any company would bother drilling in Tanzania when you consider the costs involved especially in light of the accute shortages of power, you would think the Government would be bending over backwards to get this off the ground, obviously no money, so why did KEY bother investing here???
Also "concerns" in offshore Italy, goodness knows what they are?
The only hope for KEY shareholders is the "bread and butter" UK oil production, which will not set the sp alight.
IMO KEY is at least 2 years away from any chance of improving their shareholders investments.
Early commercialisation of KN#1 was the statement by Ken Russell that had me investing in KEY, unfortunately that statement was unfounded and if i sold i would be now down a considerable sum.
At least i now know why KEY shareholders do not receive more regular updates from management, nothing is happening with their projects, hence, nothing to report.
The cash in hand will continue to decrease but the directors will still receive their pay packets.