animex announcement, page-20

Actually, I think this is a pretty pleasing result, and I don't feel nearly as negative about this as some of the other posts. The key point is the Total In-Place Contingent Resources from a revised look at the Nyuni prospects which lie close to Nyuni Island (2003-4) - not to mention the 764 Mean Prospective Resources. Also the paragraph -

"With a firm timetable for plant expansion and pipeline capacity increase now more likely, Kiliwani North reserves now established and further drillable prospects now well-defined which could tap into much larger gas reserves and feed into a hub at Songo-Songo, all the ingredients are falling into place for development of a gas business based on the Nyuni PSA"

I think we can expect a number of KN1 type "discoveries" in coming years so I still rate KEY as a long term buy - - How long term is the only question...