KEY 0.00% 0.1¢ key petroleum limited

Most of that has been known for quite some time for followers of...

  1. 6,736 Posts.
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    Most of that has been known for quite some time for followers of Aminex. The main new bit of information was an actual timeframe for completion of the reprocessing.

    Two wells to drill? Anyone that has read previous releases from Aminex would know that is a term of their PSA for the Nyuni block and that the Exploration Licence is due to expire in 2011.

    The farm-in partner for additional drilling is unsurprising considering Aminex has so far been unable to secure a farm-in partner for the Ruvuma block and the only cash they have is currently fully committed to the drilling of the Likonde-1 well.

    KEY has previously claimed that their is potential for 2TCF of gas in the Nyuni block.
 
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