anyone made any profit from key?, page-11

In relation to the costs of the well anything over $3million will be born in percentage terms.Key is the operator,they control the costs to a reasonable extent.

They have had to do some things to satisfy the joint holders and if they had not needed to do that the cost of the well would have been less than $3million,as it is their contribution is likely to be less than $500000.

They are carefully looking after their cash position.

They are confident of oil shows in the cyrene 1(Hedonia was drilled 150 metres away with oil shows) but whether can get the oil to flow seems to be the big question.