KEY 0.00% 0.1¢ key petroleum limited

lets move on..., page-17

  1. 6,736 Posts.
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    I don't know about news being just around the corner but I'd also noted the increased volume, the best it's been since late November 2009.

    Clearly with the KEY &/or Aminex announcements someone likes the information and is happy to buy at these levels. It wouldn't surprise me if Eyeon Investments have continued their buying and with disgruntled holders there'd be plenty prepared to cut and run.

    The announcement about Kiliwani North does lift the overall prospects of the Nyuni block and with the upcoming drilling in the UK this year and Tanzania next year there are still good prospects for KEY.

    Although given the track record for KEY I am reluctant to change my sentiment at this stage.

    Other things to consider is that Orca has just recently installed a new CEO so that may shake things up in negotiations with the Tz government about the Songas plant expansion and with KEY & the JV partners over access to the plant/pipeline. Also Tanzania go to the polls later this year, I think it's in October.
 
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