KEY 0.00% 0.1¢ key petroleum limited

Ann: Quarterly Report for the period to 31 Decemb, page-3

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
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ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 6,736 Posts.
    lightbulb Created with Sketch. 122
    re: Ann: Quarterly Report for the period to 3... Hey Pagedown, I would presume that our new chairman just copied sections of previous reports on our existing assets, hence the UK oil production figure of 85bopd is rather inaccurate.

    On a separate note I was having a bit of a look at our new assets and was curious about the following paragraph:

    Buru, pursuant to the Farmin Agreement, will spend a further $3 million on additional exploration in the EP 438 Permit. This will include the recording of additional new multifold 2D seismic and the drilling of one well where Buru will earn from Key and Indigo, a 75% interest in the EP 438 Permit. Key, through Gulliver will retain a 20% interest and Indigo 5% in EP 438 and be free carried through the expenditure of $3 million.

    Anyone know if this seismic is the Athos 2D seismic survey that was completed in the Sept 2011 quarter or further seismic?
 
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