Ann: Key Petroleum Enters Australian Oil Hunt , page-12

Is this 400bl pd project the same acquisition that Ken was talking about some months back... ?

"Russell could not say much about the proposed acquisition, other than if it comes off, it could add a couple of thousand barrels-a-day to Key's production portfolio."

http://www.smh.com.au/business/election-jitters-behind-rebate-miners-dont-need-20100502-u1fb.html

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Am I to infer from the preso that KEY has burnt another +700k over the last three months despite the $150-200k monthly revenue? For what result? What am I missing here? We are pumping money into the ground!