Ann: Key enters into Asset Swap with Buru Energy , page-3

re: Ann: Key enters into Asset Swap with Buru... Surandy, I think it was actually a great deal for both companies. Due largely to their differing objectives..

KEY - small cap oiler with shorter time frame projects.
Which is great as the permits they gained increase % of hold a couple of wells which have flowed either oil or gas (Kora flowed oil, and Point torment which if I remember correctly, flowed over 4mmcfd of gas on test). Also, KEY was able to get 400k which is quite a bit for such a small company.

BRU - mid cap with longer term projects, hence EP438 is all about shale, and shale is NOT a quick find into production scenario. It also requires a large amount of Capex, which KEY would not be able to keep up with.

Just my view, I like KEYs tenements and always try to keep an eye on all parties involved in the Canning Basin.