animex announcement, page-25

I recall how I called the company and spoke to Ken, about few years ago, soon after the suspension of N-1. I asked a question about the geology - expectations vs results following the drilling. Ken was very convinced that hydrocarbons ARE there, the geology IS exactly what they expected it to be, just that they (hydrocarbons) are hard to reach. I think they are too deep - my impression (from memory).
Tanzanian waters are well known to be covered with oil seeps, just that we were unfortunate, in a way, with that dependance from partners and authorities buerocracy. The KN-1 result is not exeeding the expectations, but the field itself still holds impressive potential, and I concider KEY to be a good little company to invest in. I'm hold now due to eventual market reaction irationality and the lack of specific detiles and timeshedule.