KEY 0.00% 0.1¢ key petroleum limited

What? Have these guys written off the UK asset and pretty much...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 17,111 Posts.
    lightbulb Created with Sketch. 30
    What? Have these guys written off the UK asset and pretty much all other exploration costs on the balance sheet?
    So I guess, if these assets are a write off, management are saying they are not worth the money spent?

    They seem to be gutting the asset side of the balance sheet. I have seen this on small caps just before management pull out a poor balance sheet to justify a huge low priced dilution. I hope that isn't the plan here.
 
watchlist Created with Sketch. Add KEY (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.