italian offshore permits affected?, page-8

http://www.proactiveinvestors.com/companies/news/6790/italy-proposes-offshore-drilling-ban-within-five-miles-of-coast-6790.html

Interesting that other companies have updated their shareholders with impact assessments, but we are left to rely on HC as usual.

KEY preso from last week still claiming 250mmbbl stoip, yet if it cannot be drilled....

TZ still in disarray a few years from early commercialization.
UK redrill cash appears to have been spent on other maintenance.
Italy permits 'soon' are now probably worthless.
And now we hope for wildcat success in the Perth Basin.

Not even CVI took as much cash off me as these guys have with their superior 'oil reputations'. For me KEY is getting the flavour of M de V's Baraka where I was also taken to the cleaners.
Almost $200k up in smoke in this company and I now cannot see a way for it ever to be recovered. I guess I paid for yet another investment property in Perth.....somewhere....

Yes, SP should rebound hopefully at some point, probably on TZ sale, but is this ever going to return to +20c? As things are at the moment, I doubt it. It would need success in both Oz and UK and much better value for money on the expenses side and given the track record I have a doubt.

I have to agree with Dapper4343.