Ann: Quarterly Report for quarter ended 30th Sept, page-16

re: Ann: Quarterly Report for quarter ended 3... Interesting comparing KEY to RFE.

As far as I can see, both companies producing ~80bopd.

RFE targeting 1mmcfpd gas (I think short access to a gas market last I looked)?
KEY targeting 20% of how much of 40mmcf pd (short of access to a gas market)?

RFE 2P reserves 72bcf?
KEY 2P reserves in TZ will be 20% of ?

RFE market cap ~106m, 6m cash.
KEY market cap ~14m, 5m cash (pre-drill)

Just goes to show what the market either thinks of KEY or it's management. Should it be valued like it is?
I don't know. I find it surprising, but if one believes in efficient markets, then KEY management should do some critical self analysis IMO.

I wonder what they think of the market reaction to their latest dilution plan? I just hope those shares are being bought by no-voters.