Why did CM transfer the Canning assets to KEY? Maybe he was...

Why did CM transfer the Canning assets to KEY? Maybe he was motivated by a desire to help his son kick a goal and at the same time he was aware that EGO was diluted to billyo.

In terms of what is or isn't going on, I'd suggest some news will be forthcoming before long. I say this because I think they must have had a plan to present to the SI's..and in my opinion I don't think those S I's have been selling. If this is right, then what could be motivating them to hold? Or if you assumed they are selling, then who is buying enough of these new shares to see the share price hold above 4c ?

Some news we might hear something on..

EP 438
"Athos 80km 2D Seismic Survey

The acquisition of the Athos Seismic Survey consisting of 80 line kms was completed on 15 September 2011. The interpretation is near complete and will further delineate the Cyrene Prospect as well as providing additional prospects in the EP 438 Permit."

So here we could expect a release which includes a seismic map and who knows maybe they'll be looking at multiple drill targets.

And...

Key, on behalf of the EP 448 Joint Venture, are negotiating with potential farmin groups to progress exploration within the EP448 Permit in the Canning Basin.

The West Anketell 8,000 line km Aeromagnetic Survey was completed and existing seismic is being evaluated to delineate
carbonate reef type prospects in the Nita and structural development in carbonates of the Nullara Formation as well as the
Goldwyer Formation for Shale Oil/Shale Gas potential. Key is progressing with introducing venture participation in the EP 448 Permit on terms where Key will retain meaningful equity at the production stage.