Dunnart, page-7

I hear your pain Doc but no good looking at this with hindsight but on where we were at when the decision was made by EGO to walk from KEY and EP437.

What if this had been a duster? What if the test results in it being P&A?

EGO were over $1m better off for having sold their interest in KEY and relinquished their share of EP437. That is $1m+ less that needed to be borrowed by EGO.

Given the history in EP437 & certain persons I don't blame EGO for getting out, I myself seriously had expected a duster and had already sold some KEY shares to offset some capital gains last financial year. Even now my KEY shares are still in the red although factoring in the tax offsets I might be getting close to breakeven.