usual disregard, page-6

If it was so easy, why didn't the current operator do it?

A question I asked myself a number of times after the June 26th announcement and during the rights issue. All I have to go on is Midmar's own statement that they have shifted their focus to the middle east, Iraq in particular. Looking at the size of these UK oilfields and the price to acquire as well as to expand/improve I presume they for Midmar's purposes they are too small to bother with. However KEY is still quite small so it makes more sense to KEY than it does to Midmar.