- Spend $2.25m drilling North Perth Basin October/November 2010.
- Defer plans to drill Lidsey #2Hz indefinitely, drain on company resources for minimal return to date and rhetoric from KEY has waned of late suggesting that the prospects are a fair bit lower than first indicated.
- Forget complete divestment of assets in Tanzania, consider farmout of WSS for free carry of at least first well.
- Market the company's more prospective assets effectively. Forget focusing presentations on the minnows of UK & North Perth Basin, forget the perennially delayed Italian assets and focus presentations on the Tanzanian assets (in particular update KEY's figures to correspond with Aminex's estimates).
- Raise $5m for drilling of Nyuni #2.
KEY Price at posting:
4.0¢ Sentiment: Hold Disclosure: Held