"Russell could not say much about the proposed acquisition,...

"Russell could not say much about the proposed acquisition, other than if it comes off, it could add a couple of thousand barrels-a-day to Key's production portfolio."

Ummm guess that 'proposed acquisition' is just another way of saying capital raising! But if it is going to mean the 1000brls of oil, assuming we pay a good (read cheap) price for the acquisition, I'd be happy forking out more money for a SPP. Would just have to be value adding!

Italy within 18mths - I'll beleive it when I see it. But if so, then we're going to be happy holders in 12-18 months time. Escpecially if we get a JV partner on board who is flush with cash! So we just have to get through the next year!