Ann: Divestment of Non-Core Assets and Exploratio, page-13

re: Ann: Divestment of Non-Core Assets and Ex... Divestment:

Tanzania, no comment at this stage as there's no new news.



I'm trying to decide if this is good or bad for the divestment of our Tanzanian assets. Could be bad as the date for production has been pushed back, or could be good as the commencement of pipeline suggests that action is happening that will add more certainty to production at some point in the future.

Latest presentation from Aminex, operator of the Kiliwani Development Licence:

http://www.aminex-plc.com/files/Company_Overview.pdf

Slides 11 & 16 are of interest to KEY holders.

Due to the monopoly position of Orca, the Songo Songo Gas Plant operator, and the ineffectual Tanzanian government production has been pushed back to the December 2013 quarter. This will be tied into the new pipeline and gas plant being funded by the Chinese, first section of pipeline in the south of the country is starting being built this week.