KEY 0.00% 0.1¢ key petroleum limited

Radio,Interesting suggestion. When the announcement came out, I...

  1. 1,059 Posts.
    lightbulb Created with Sketch. 46
    Radio,

    Interesting suggestion. When the announcement came out, I pictured the Chinese running seismic over the JV's and all surrounding leases. One copy for the JV, and one for the techs in China. I would be amazed if someone won't be analysing them for Chinese interests.

    Watch Maurel & Prom also. They cement corked their exploration well because of the pressure.

    The focus on this region is building every day.

    As a vague comparison, I noted AZZ's announcement yesterday, and the numbers they released. Granted that there are big differences between the location, type of play etc, but I still prefer KEY any day. I expect our reserves to be larger, and the wells will produce at far lower cost. Key's exploration upside is far greater also.

    AZZ's M/C is $74M, KEY's is $18M even at yesterday's contrived closing price. Pretty exciting upside potential to KEY.
 
watchlist Created with Sketch. Add KEY (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.