The prudent capital management in place has allowed through a...

The prudent capital management in place has allowed through a turnkey (fixed) contract (which Buru has now done) with the drillers to have come in under budget.This has then allowed the company the opportunity to production test the Dunnart#2, and to do other parts of their programme.

The bigger picture though is to position KEY as a low cost operator and build a reputation especially with the chinese connections that we have, in respect to a farmin partner. Australian business image has been tarnished by the revelations in the Royal Commission especially in relation to the off shore oil and gas and the MUA even though this would have circulated around industry chiefs long ago making them wary of investing in Australia.

KEY strategy is to drill shallow wells close to infrastructure thus avoiding this big contract plays so it will be much more appealing to farmin partners.

And I believe in the general market adage prudent capital management leads to long term capital gain