Annual Report

It looks like there is going to be further action in the North Perth Basin and in the Canning..Leonard shelf.
The Dunnart#2 is still under evaluation. Smaller pockets could be economic to produce as it is close to infrastructure and if the costs are lower..in low part of the cost curve.. then you don't need big reservoirs. They are looking for a small rig to drill the other prospects Wye- Knot and Condor South in the short term. So lets wait and see.

It looks like something is brewing in EP104/Ri/l15 There is an interested party and back in April there was an update preparing the area for possible action..talk of leveraging off the parties in the area. So remedial work is starting on the causeway. The intent is the workover wells, Stokes Bay and Point Torment and the drilling of another well.

To attract a farmin partner in the Canning in these difficult times indicates KM is growing in stature. KEY is valued at only at $7.0 million and for all the action coming up it only needs something to go positive and its on its way.
Good luck all,