review for 2012

I would assume the new board has been reviewing KEY's assets and plan for 2012. I would hope for a better year than 2011(couldn't be hard to achieve) my ramblings;

Board changes:
Very happy to see new faces, hopefully we move forward at last.

Tanzania:
Looks like KN will be commercialised in first quarter, with 5% and 14MMscf/d should produce income upwards of $1m/yr to KEY.
WSS 100%, I feel unless a concerted effort is made we will lose this tenement with no recompense - hopefully we can get a status report and a significant effort made to farm out and get some action on this tenement.

UK:
Still producing some cash. Need to up production, still significant OIP - what are the options for development considering latest technologies.

CANNING BASIN:
EP438 Although Buru has a commitment for a well in this tenement in 2012 I can see Buru not going ahead and instead using their 2012 drill program to get into production and prove up their 2011 wells. Would like to see KEY shoot more quality Seismic over and upgade this prospect.
West Kora could see some action to get back into production but again some high quality Seismic and studies into horizontal and fraccing options may be the way to go.
EP448 Take no action, don't farmout, this tenement will be upgaded as NSE/Conoco get into their upcoming program.

SURINAME:
Could at last see some action, free carried.