KEY 0.00% 0.1¢ key petroleum limited

Ann: Response to Shareholder Letter , page-37

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  1. 17,111 Posts.
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    "East Africa could become one of the largest exploration plays in the next decade."

    http://www.dailymail.co.uk/money/markets/article-2021315/MARKET-REPORT-GEOFF-FOSTER-Citi-gushes-East-Africa-hope.html

    ... but not for KEY. We are desperate to get out of the area at any price.

    I expect we will get the result of the Nyuni-2 well this week. If successful I expect those trying to get the Zeta dilution through will be desperate to pick up more shares on market prior to the vote to have a greater chance of getting access to the discounted assets.

    If they find nothing. Well, KEY is almost cash backed with little value attached to existing projects anyway, so it shouldn't be too big a deal.
 
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