Ann: Entitlement Offer - Extension of Closing Date, page-5

I will be taking up all of my entitlement and applying for some of the shortfall. I think it is just a matter of time before KEY achieves success. They are very active despite the difficult market conditions and activity gives shareholders a chance in an oil exploration company. The production test of the dunnart-2 could make the market sit up and take notice even if it flows only between 100-300 bopd which revenue wise would not add that much to the bottom line but in terms of proof of concept and giving the market confidence that the topography is better understood thus upgrading their 10 other prospects already mapped and bypassed oil shows not tested.
Further the asx release of the 11 march 2015 where it is explained that their prospects are on trend with the AWE senecio-3 gas discovery which is a short distance from EP437 .AWE has just announced that their irwin-1 well just 22km from Dongara has just entered the primary zone with elevated gas readings.An accompanying statement from the MD of AWE said" .....and highlight the exciting potential of the Perth Basin."
Even further Buru has started to rise with predictions that it will go back to$1.00 thus valuing BURU at $320 million (please read BURU thread) and when Key farms out its Northern Canning Prospects ,if Buru has further successes I would anticipate a rub off on Key.
I see plenty of upside and even if there is disappointment in the production test it may cause a knee jerk reaction on the market prospects or the future are still exciting