KEY 0.00% 0.1¢ key petroleum limited

I believe BRU also has farmed via JV into some holes on KEY's...

  1. 23,253 Posts.
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    I believe BRU also has farmed via JV into some holes on KEY's Ground. BRU is agreed to Drill and KEY are free carried for this drilling.

    This from KEY's last Qtrly:-

    "..The drilling of the Cyrene-1 well is planned for 2012 in EP 438 in the Canning Basin, Western Australia and will be funded by farmin partner Buru Energy Limited. The testing of the Stokes Bay-1 well in EP 104/R1 in the Canning Basin is also programmed for 2012. .."

    Now why would the biggest land holder in the region farm into KEY's land ?? Surely they have enough leads of there own...BRU must be fairly confident that Oil/Gas prospects extend onto Keys land.
 
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