Ann: Key Petroleum Enters Australian Oil Hunt , page-7

Starmanwin - got to disagree with you on that mate. CalEnergy are going to be the Operator of the site. Their website says drilling late 2010 as well. Now they have a farm-out partner I would expect that the drilling will start in the next six months, subject to monies been paid by Key.

You also have to remember at this stage there has been no indication of drilling of teh next horizontal well in the UK. So we might still have that money up our sleeves as well as the asset which is still producing.

I hope this is the case, and we will find out in the next month when we get the cash-flow report.

I'm a bit divided as to whether I would like to see expansion of an existing income producing asset, or the farm-in into a new one (potential more risk).

Regardless, (and probably living on a prayer here), I would like to see a bit more news come out prior to a capital raising which might generate some interest.