Ann: Key Petroleum Enters Australian Oil Hunt , page-19

"I can only conclude that they are a few steps down the track with the sale. Otherwise we are flying blindly into a solvency problem"


Yep, fully agree split.

I still have faith in the management team to deliver at the end of the day. Where they let themselves down is the delivery of their messages to the market which appear on the surface to be without purpose.

They had every opportunity to do a very large placement 6 months ago, however they chose to avoid massive dilution and instead decided to sell their Tz assets and shift focus closer to home.

Time will tell if this decision pays off

Cheers
R