KEY 0.00% 0.1¢ key petroleum limited

anyone made any profit from key?, page-8

  1. 698 Posts.
    Speccy, aren't they intending to core the Cyrene well? Not sure about how much, but this can be expensive and time consuming.

    However, presumably once the $3 mil is used up, Key only have to pay their JV % which is 20%. So even if the well ends up costing $10 mil, Key's contribution will only be $1.4 mil.

    Still, $2.4 mil is not a lot of cash, so I would expect to see a CR in the new year.

    Wish I'd looked into this earlier. Sigh.
 
watchlist Created with Sketch. Add KEY (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.