KEY 0.00% 0.1¢ key petroleum limited

From reading the report:For 2010:- Deprecian expenses:...

  1. 643 Posts.
    From reading the report:
    For 2010:

    - Deprecian expenses: 1,211,997$
    - Salaries - 246,611 $
    - Administration costs - 1,478,604$
    - Exploration costs written off - 1,934,789 $
    - Impairment expense - 503,779 $

    Total around 6 Million$.

    Let me get this right: the company spent 6 million$ (salaries are only 246,611 $) and the last 12 months we did not recieve any update about any activity (except a
    1 million workover which turned to be a total failure).

    Anyone (if you are accountant) can explain the above numbers in simple words?
    I also noticed that key has many contracts with other companies where the owner of that company is from key managment.

    If you are key sharholder, Are you really upset?
    Can we do something about it?

    Yes. we lost a lot of money and I believe we are entitle to know where did the money go.

    I also noticed that key has many contracts with other companies where the owner of that company is from key managment.....doesn't smell good!

    We need to know where did the money go! This is my (and yours) money!
 
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