KEY 0.00% 0.1¢ key petroleum limited

re: Ann: Exploration permit status granted of... "It is a tricky...

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  1. 886 Posts.
    re: Ann: Exploration permit status granted of... "It is a tricky one, but if KEY are cheesed at not being in control then I guess offloading Tz gives them the opportunity to retain more of a hold on Italy. It has been a tough trot."

    Kalmsg, Key were/are in control of West Songo Songo (as operator), so does not really make sense to get rid of that tennement. Get rid of their 20% - definately. But West Songo Song, I'd hold onto as they have more control. Especially because of how close they are to the mainland.

    Make a big discovery - farm out the production, and build a 'short' pipeline to the mainland! Hell maybe they even have Oil that close! Also shallower waters that East Songo Songo!

    That part is disappointing, but hopefully they get a good price if selling both areas!
 
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