KEY 0.00% 0.1¢ key petroleum limited

"The market reaction to the P&A is surprising, I thought for...

  1. 1,089 Posts.

    "The market reaction to the P&A is surprising, I thought for sure it would see a drop well below 4c."

    Gday Surandy70,

    Yeh, I get the feeling that this result was "expected" last week when the large buyers first started to appear around 4c. I am only guessing but the usual spike you get during drilling just did not happen this time in. Let's see how KEY trades for the 2nd well. I am expecting the sp to run much harder, and yes I do think we will see the same result as in Tz.

    I am also very surprised that Ken did not take the opportunity to advise the market roughly when the 2nd well will spud.

    Cheers
    R
 
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