Looks like more of the same to me. Which appears to me to be good.
LNC rises a $100 mil in market cap on a PR release on the possibilities of Ackaringa and KEY and BRU are actually drilling in just as a prospective area and goes nowhere even though success seems highly likely given BRU and KEY directors comments. More gas and oil possibly in Canning Basin than in the North West Shelf. Maybe KEY should employ the PR company working for LNC !
Is KEY a takeover prospect. Would not BRU and Mitsubishi want to tidy up ? Pesky KEY has key permits of their much touted Canning Basin.
Looks like market is waiting for Willara.
KEY appears to be in an enviable position with good upside when the market catches on.
KEY Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held