I cannot understand why posters are getting excited about this...

I cannot understand why posters are getting excited about this Aminex Update information and why they are upset with KEY management for not releasing an announcement.

Nothing in the detail is really new. Discussions are ongoing with the other parties but until things are sorted out between Songas Ltd and the Gov't about pricing of any new gas then KEY are simply sitting on the fence.

A safety rerating of the plant may give an extra 15 MMcfd of gas during 2010 but apart from that KEY may not get any gas processed through Songas Ltd plant until the end of the year, or at worst with the plant expansion in 2012.

KEY shareholders are really waiting for a good outcome from the UK drilling for any hope of increased revenue in the near term. If that is not successful then things will get tough to enable development of other projects.

The share issue may happen just before that drilling to boost the coffers in case the drilling is not as successful as planned.

One commentary I read even suggested that West Songa Songa could be the next well drilled by KEY in Tanzania early 2011 as any success can be pumped staight into the mainland pipeline that has extra capacity and avoid the consticted Songa Ltd pipeline.

There is also no reason that the next Nyuni well is not drilled in the Kiliwani area but in the northern part of the Block early next year, especially if M & P are successful with their drilling on the block on Nyuni's northern border. Joint processing with a major partner?

Just some thoughts for consideration.

In the meantime don't get too hot under the collar about the Aminex Update information.