KEY 0.00% 0.1¢ key petroleum limited

aminex agm presentation, page-23

  1. 17,111 Posts.
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    Well, they cant keep burning the multi millions of cash required on simultaneous development/exploration of UK, TZ and Italy. One of the last two has to go.

    My original pref was to either sell or JV Italy and concentrate on UK/TZ. But even if we find further gas in TZ, there is no significant local market, so any find needs to be huge to justify export.

    I wouldn't mind keeping KN for cashflow and ditching the rest of the prospect as well as WSS, but I guess that isn't an option.

    At least we now know that shareholders aren't the only people management are reluctant to communicate with.
    They are also apparently not talking to JV partners.
    I guess that leaves just those in the broking sector angling for a big dilution as having managements ear?
 
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