Oh well, here it is.One for one, non-renounceable capital...

Oh well, here it is.

One for one, non-renounceable capital raising.

The Entitlement Offer will provide eligible shareholders of the Company with an opportunity to apply for new, fully paid ordinary Key Petroleum shares with no brokerage costs and at a discount to the Company?s recent share price. Eligible shareholders will receive an entitlement to apply for one (1) new share for every one (1) share held at the Record Date of 5:00pm WST on 9th November 2010. One (1) free listed Option will be granted for every two (2) shares applied for under the Offer. The Funds raised from the Entitlement Offer will be applied to drilling of the Lidsey #2z horizontal development well and for working capital purposes.