Uk oil acquisition is in keeping with KEY's master plan which...

Uk oil acquisition is in keeping with KEY's master plan which from memory was to get early cash flow.

Tanzania met the criteria as it had/has infrastructure in place and pumping gas to Dar but the Gov't officials have put the brake on this I suspect to cut a better deal or back hander.

This UK venture replaces the tanzanian one for the time being.

Why keep $7m in the bank and dwindling when it can be put to work for a great return - turn $4m into potentially $35m ? ,,, better than bank interest rates on that $4m.

Another benefit to key is utilising its employees to figure out how to increase the BOPD in the Uk rather than sitting idol waiting for gov't approvals in Italy/Tz?? Maybe I got this last point wrong.