re: Ann: Requisition for Shareholders Meeting...
No asteroider this may have saved your investment.
The new board must change the strategy of the company to regain shareholders wealth. It must move from growth company to high impact oil and gas explorer.
Time to go exploring and delivering value, not trying to work-over rubbish fields. TZ should definitely not be sold, especially with the East coast of Africa taking off. Anadarko are now 2/2 out there with Windjammer and Ironclad. Windjammer hosting potential reserves of 4 TCF with upside of 10 TCF and Ironclad being the first oil discovery offshore East Africa (albeit non-commercial). It is about to become as hot as the West Coast.
With experiences on the East shelf, my hope would be that Key focuses on this growing area. hopefully they try to snatch up some of the last remaining blocks along the east coast in waters off Kenya, Tanzania, Mozambique and Madagascar. They could even go try to unlock potential in the Eastern Rift basin, much like Hardman did in Uganda.
I will wait to see what direction these new board members take the company in. Will gladly jump in if they go for high impact exploration.
KEY Price at posting:
2.7¢ Sentiment: None Disclosure: Not Held