acquires zeta petroleum, page-31

Of course, if the second tranche, never mind the third one, is split across COE and existing Zeta shareholders they will make a huge profit on their debt ridden marginal gas project while KEY's cash rich and likely viable gas projects (due size) will be sitting on losses for all eternity.

Where is the benefit here for KEY shareholders?
I cannot even see how this can pay for the overdue Lidsey drill unless COE funds are diverted to that drill, and surely that cannot happen.

Cannot see the logic here at all.

For my money a better plan would be to replace the KEY board and find a company like COE to kick in a couple of million to earn into WSS, maybe even a 10% stake in KEY, and we use those funds to drill the UK with the proceeds and wait for Suriname, Italy and Nyuni progress. We could triple our money from here in that scenario. The Zeta thing will see us stuck on eternal losses as far as I can see.

12 months to come up with this! Is Pursuit capital serious?