KEY 0.00% 0.1¢ key petroleum limited

Surandy70, in Kens defence they stated the drilling to commence...

  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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