KEY 0.00% 0.1¢ key petroleum limited

acreage swap in tanzania, page-7

  1. 17,111 Posts.
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    KEY is probably going to LOSE WSS in a couple of months when the government pulls the licence because of lack of progress and inability to fund. WSS could even very likely tip KEY into admin at a moments notice because the past due exploration issue has not yet been resolved.
    That is why this new 'deal' is so laughable, just as all prior deals are.

    Nyuni was elephant country and IMO was likely related to the Madagascar oil fields in the same way the Tullow French Guiana find was related to the west african fields.

    Given past history they probably wont bother to announce and they wont bother to tell us what is next. The 5% interest is 'not material' after all. I am going to be absolutely livid and inconsolable if Aminex announce a discovery within 24 hours as I am expecting.

    I am gobsmacked by this board. It is almost as if they are getting rid of the best assets and vanishing the cash pile deliberately prior to putting the company in admin!
 
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