KEY 0.00% 0.1¢ key petroleum limited

aminex presentation, page-13

  1. 6,736 Posts.
    lightbulb Created with Sketch. 122
    Tiof, not beyond the realms of possibility and since the Aminex presentation mentioned about them farming down I've wondered how much interest KEY would have going down that path.

    As an explorer KEY would have to consider the option of increasing their stake in Nyuni. They would not be doing their job if they didn't consider it. The question is whether it makes for a compelling decision, without knowledge of the results of seismic reprocessing who is to say.

    I presume that Aminex, and the JV partners, had expected cashflow from KN#1 by now which would've been re-invested in further exploration within the Nyuni block. With the delays to commercialisation Aminex have confirmed that funding source is not viable.
 
watchlist Created with Sketch. Add KEY (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.