kiliwani 1, page-6

Correct me if I am wrong but....

Kilwani north#1 was expected to contain 10-15bcf recoverable gas pre drill according to the directors presentation 3 months before the drilling which only equates to 2-3bcf net to key. Also in the same presentation it stated that prices received for gas ranged between $7.70- $2.19mcf depending on whether there was access to the power or industrial market. At the lower end you would not even bother to produce. The real value lay in the oil targets which failed.

It has been stated that KN#1 is expected to be larger than first thought but one needs to put it in context with the pre drill estimates. I am interested in the numbers other posters here are expecting for the KN#1 structure. i cant help but think the directors are happy for the market to come to its own conclusions as to the size of KN#1 as the numbers will tend to be larger based more on hope than reality.

It will certainly be interesting to see whether they place those shares!
Cheers