"The management were queried on the reason for the delays These negotiations have been ongoing for a long time, and the last sticking point seems to be the jurisdiction of any arbitration that may become required. Brian Hall is certain there will be a resolution but putting a date on it is difficult. It was also noted that cashflow from gas supply in Tanzania would be extremely helpful and that industrial gas prices in Dar were robust by comparison with those obtained in the USA.
Brian Hall was questioned on the rumour that Key Petroleum had put their West Songo Songo licence up for sale and he revoked it as an internet rumour. He then stated that putting their interests up for sale without notifying their partner would be very unusual and that Aminex have an operational committee meeting with Key today at which they are planning to seek clarification."
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lol.
KEY Price at posting:
7.6¢ Sentiment: None Disclosure: Held