KEY 0.00% 0.1¢ key petroleum limited

re: Ann: Exploration permit status granted of... I have no...

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  1. 1,089 Posts.
    re: Ann: Exploration permit status granted of...
    I have no problem in KEY's decision to sell their assets in Tanzania to focus on Europe. Sounds like a good call when you look at all the problems they were faced with, to actually get revenue from these assists.

    The million dollar question is, "what is a reasonable price"???

    Is it realistic to draw a line against the value Aminex obtained with their 10% purchase recently?.

    The other positive I believe is that given the drilling of the UK well is now mid-2010, the sale of these assets may be complete by then and we could be sitting on a fair bit of cash, hence avoiding any capital raising this year.

    Any thoughts

    Cheers
    R
 
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