KEY 0.00% 0.1¢ key petroleum limited

So at the end of the 1st quarter we had $4.1m with another $1m...

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  1. 6,736 Posts.
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    So at the end of the 1st quarter we had $4.1m with another $1m coming from the sophs as the final stage of the capital raising.

    $5.1m plus income from the UK assets to cover $4.7m workover of the UK assets plus exploration/evaluation and administrative costs.

    Exploration/evaluation and administrative costs were $3.5m in 2009 financial year. $1m spent in the latest first quarter.

    What cashflow to KEY will the UK assets bring prior to the workover?

    Allowing for the UK assets workover they only have about $0.4m cash in the bank for exploration/evaluation & administrative costs for the next 6 months, clearly that isn't enough on it's own.
 
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