Ann: Requisition for Shareholders Meeting to Rest, page-80

re: Ann: Requisition for Shareholders Meeting... Amer, far be it from me to give you a serve regarding your indepth knowledge of the individual projects of Key.

BUT Ppl like yourself have strong opinions about operational matters and perhaps you would be qualified to make judgements if you had access to all the facts - WHICH YOU DON'T. As the sp goes down your expertise appears to increase and your expert opinion gets stronger.

I also beg to differ on the reason for the current sp. If current holders or prospective buyers are focused on a particular activity of the company - they will always do that TO THE EXCLUSION OF OTHER VALUE.

I was not talking the sp down. In fact, I consider Key to be grossly undervalued in terms of the underlying value of all the assets and prospects of the business.

From my experience the disparity of market capital v actual value, where that value is many multiples higher than market capital, it is caused by bad management of market sentiment i.e. failing to keep market focus on the bigger picture.

True if you get good salesmen in they may make you very happy by causing short term kick in sp to the cost of long term value.

Better to get experts to run operational matters and make their valuable decisions and get a salesman in to sell it to you guys - that will keep you happy and has a chance of retaining value for KEY share holders.

Biggest mistake you will make is kick Experts out and REPLACE them with salesmen, who will probably sell off the farm to their mates to make you happy lol.

Although I do not know too much about the UK operations, I do understand that the decline to production has been arrested by good work of the directors. If you want to get into production aspects of O&G you had best have a big wallet because although rewards are bigger, the risks also increase - If you can't stand the odd failure and cash is limited to help you ride the bumps - don't play in that aspect of the industry.

Along side of bad management with regard to market sentiment, the directors did not understand what they were getting into when they moved into the "production" game - it needs a big wallet and a very well informed and understanding market.

I hope for the sake of all the holders of Key that someone in management will do the sums to work out actual market value of current holdings. If this is done with a comparison to acquisition costs and capitalised expenditure, the directors will come out shining. The sp can be made to fly - to reflect underlying value - if someone can be found to effectively sell it to current and prospectiv holders.

Best of luck

All MOHO - DYOR.