KEY 0.00% 0.1¢ key petroleum limited

ep 437 - north perth basin , page-30

  1. 80 Posts.
    Surandy70, in Kens defence they stated the drilling to commence in the month of October fingers crossed they have 14 days to deliver.
    Tradersam, Im expecting cash @ 30/9/2010 to be around $3-3.3Mil considering they had $2.9Mil @ 30/6/2010 + CR in July of $1Mil = $3.9Mil. With an admin burn rate of $600k per quarter, the UK cash flow neutral and no activity over the last quarter we should have $3Mil+ in the kitty. In regards to a CR I hope its for a drilling commitment in Tanzania , that will re-rate the company and give share holder some idea of the direction in the future instead of "lets see if the divestment strategy of our Tanzanian assets comes off" .
 
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