KEY 0.00% 0.1¢ key petroleum limited

dapper Some posters get pretty nasty when things go wrong & the...

  1. 1,127 Posts.

    dapper
    Some posters get pretty nasty when things go wrong & the words Plug & Abandon are pronounced from on high . I try not to let short term setbacks put things out of perspective. I held for many years & was very disappointed that we found gas ar Kiliwani & were unable to benefit from the find. I still feel we were diddled out of our concession rights by collusion between Tanzanian govt utilies, the operator & RAK Gas who were keen to get a foothold. Quite a toxic environment to operate in & I don't think we'll ever get the truth. Anyway KEY did the next best thing investing in Australia. Just look at the trouble that billio dollar company Rio is having with the govt in Mongolia .

    I had to do some tax loss selling, so after many years I sold my KEY shares. Nagging feeling I'd done the wrong thing. So yesterday I bought back in, twice as many as before. Penny dreadful or not KEY's been an epic adventure story for a little company since the early days of old Joe S. KEY's in one of the most exciting oil&gas areas in Australia & the story isn't finished yet.
 
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