2.5m raised, page-12

I think TZ will drive key to bankrapcy, and objectivly, the directors got zero progress with TZ in the last three years...now thier is a commitment to spend 20M$ and no company is interested to buy this asset.


Amer222333, you should re-read the announcements.

The $20m was not specific just to the Tz assets. $15m related to Tz and the rest was for the UK & Australian assets.

As I've mentioned previously the only firm spending KEY is committed to in the short term in Tz is US$3m for their 20% share of the Nyuni #2 well. The remainder of commitments in Tz is under negotiation between the various parties and the Tz government authorities.

I think you will also find if you read the statements by Ken closely that there has been some interest in buying some, or all of, the Tz assets but nothing close to what KEY believes the assets are worth.