KEY 0.00% 0.1¢ key petroleum limited

Fully agree about the possibility Tanzania happening quicker...

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  1. 1,089 Posts.

    Fully agree about the possibility Tanzania happening quicker than most people think. U get the feeling AEX & KEY are getting all their ducks lined up for s string of announcements under the Nyuni Licence over the next 6 months.

    ie:
    * Granting of a Production Licence
    * Results from 2D survey, IMO - expect this within 3 months
    * Release of the commercialisation terms of KN1 gas
    * Completion of environmental work.
    * Confirmation that there will be full commercial development via the Songo Songo gas processing plant

    Also, some interesting discussions going on about potential sp movement between now and the end of the year.

    Personally I have no idea where it will end up, however if and when there is a significant announcement with the Nyuni Licence, it will be AEX releasing it first. Great news if you are already a holder as I am sure the next day when the market opens KEY's opening price will be much higher.

    Between now and then, i expect quite a bit of manipulation with the sp to shake out the weak hands as the sp moves higher..IMO

    Cheers
    R
 
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