Ann: Key Petroleum Enters Australian Oil Hunt , page-30

But what really concerns me is the cash burn.
I asked, but the company wont disclose to me where the cash is going on a quarterly basis.

I can only suspect there must be a fair bit of consultant's fees in there. This in addition to over $300k to K.R. (+670k total management) last year.

If the UK operation is a continual cash drain it should be shut down or sold. What is the point of producing anything if it is not profitable? Am I imagining it or is the potential production from redrill also shrinking with subsequent announcements?

Worries me the TZ sale might merely be to fund ongoing huge cash burn and nothing will come of that either. I ***hope*** they get a really good price.