RAW, it's interesting that the raising announcement states that...

RAW, it's interesting that the raising announcement states that it is for the drilling of Lidsey #2Hz yet makes no reference to when this will be drilled.

Strange considering recent updates indicated that this was to occur in November 2010.

Also strange considering that the raising in July 2009 of $4.7m was for $3.5m to pay for Lidsey #2Hz, $1m to pay for workover of Brockham production well & remainder for working capital so effectively shareholders are being asked to pay for the drilling of Lidsey #2Hz twice!!!

I have noticed in recent years with KEY that every time there is the chance for a run up in share price that something comes up, eg a raising or talk of a possible raising, to keep the share price depressed.

Stuff KEY giving options to those that contribute NEW capital, what about all the long suffering shareholders that have previously stumped their hard-earned and have been strung along with cupcakes and seedlings???