aex presentation at egm today, page-10

Not really much in the presentation, not unsurprising considering the seismic has just been completed. Still plenty of work to do with processing of the seismic.

Most positive part I found was this part:

A complete seismic reprocessing project across the licence should materially upgrade the prospects.

I would expect a bit more talking up the prospects from this seismic in KEY's announcement tomorrow, hopefully along with some guidance on when we can get a further update on the results of the seismic.

In terms of drilling, Aminex are still indicating drilling of two wells in the Nyuni Block and one well in West Songo Songo in calendar 2011. No mention of the commercialisation progress for KN#1.

Just on the last point about prospect sizes tabulated in the appendix, this is just a copy from Aminex's Analysts' Briefing from 19/11/08.