acquires zeta petroleum, page-16

This is an effective takeover by Zeta. We get a a new chairmain and MD from Zeta and issue over 750m new shares to Zeta.

This is a defacto recapitalisation of what must be one very desperate company (Thats us). Key management have overseen the destruction of a once proud little company.

If there was full disclosure i think we would find that KEY is in deep doo doo and maybe we dont have a choice. Management/board, who were previously lauded as wonderful ...ex Hardman yadda yadda... have shown that they are less able than the average board.

Zeta have one good asset and a positive looking agreement with COE. Zeta Share holders must have needed a listed vehicle to get their cash out and there will be long term weakness in KEY sp as those Zeta shares are cashed in.

disaster! and to think i supported the 4c raising. DOH!