Ann: Key Petroleum Enters Australian Oil Hunt , page-20

I still can't comprehend the logic of management.

The two potential company makers are Tanzania and Italy.

We plan to sell Tanzania due to the ongoing delays, just at the point when it looks like there is going to be some progress. And at a time when companies aren't exactly flush with capital and credit markets are just about frozen.

Can't see that we will make a profit on that exercise.

So, we are left with Italy. Progress there makes Tanzania look like Usain Bolt.

Suriname, the UK and now Australia are just side diversions to pay management their excessive salaries heading into retirement.

I can't believe that our cash burn has left us without sufficient capital to fund the remaining U drilling costs when we have previously raised capital for that exact purpose. Incredible.

Just wait and see how fast they burn through what meagre proceeds we receive from the sale of our Tanzanian assets.

Ken & co would be a perfect fit for the Labor party.