Gday Surandy70,
Thanks for the detail around the seismic, very good also to see experts in the region being called in to perform the survey.
Agree, OIL is what Ken is after at the end of the day and he has positioned KEY very well to be a part of it. I also agree with the view of an earlier post that KEY will probably look to farm-in to AEX's planned oil exploration campaign in the south, If KEY can avoid any sort of placement over the next 12 months, the shareholders (we) should all be very happy given the small amount of script on issue. It is a shame we had the financial crisis as those Options would have certainly been exercised IMO, providing much needed capital to explore the region. I believe the best we can hope for now in the medium term is that revenue from the gas find will fund (partially) our future explorations in the region, and hopefully avoid any major capital raisings below the original listing price.
Finally, with my very positive sentiment. Yes, I must come across very one sided but to be honest I am positive with most things in life anyway. As you know we have been shareholders with KEY for a very long time now, well before any gas find, and personally I believe their future is very strong. I have also put my money where my sentiment is and hold just over 1% of the shares on issue, time will tell if that money has been well spent.....right now, there are plenty of ticks.
Cheers
R
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