Interesting. So we do still have a stake in this well! Too bad I...

Interesting. So we do still have a stake in this well!

Too bad I offloaded some shares this week when I thought they had zero interest left outside of KN. But that is the price I pay for relying on ASX releases for my info.

Seems we are fortunate being free carried given the ongoing drilling problems.

Now that I can see we still have a stake in this well, I think management 'probably' did the right thing by getting rid of the 5% of the rest of the block.
There was no way KEY was ever going to be able to fund or farm down further for another well in Nyuni, and if no cash was on offer then 100% WSS was the only other choice.

'Probably' because it remains to be seen if we will be allowed to keep WSS given past due expenditure.

With ORCA planning to drill SSW, which I presume will also be from a jack up rig due distance from the island, it would be likely that WSS and SSW would be drilled back to back if a rig was shipped around. Question remains: IF KEY is allowed to keep it, I presume we will be farming down for a drill free carry to who? RAK? ORCA?