Certainly looking like this well slated for December is now on ice. I expect in order to avoid administration like Baraka Petroleum. Interesting prioritization going on with this company over the last year or so.
Wonder if we will see a 4th and final capital raising to enable this long touted UK well to be drilled.
The tumbleweed blowing across the KEY trading screen is starting to make me wonder if management has any contacts left in the oil industry to raise capital from, or supply an oil project that isn't a complete lemon.
In the mean time, keep minting the paychecks.
KEY Price at posting:
2.8¢ Sentiment: LT Sell Disclosure: Held