save key petroleum and say no zeta petroleum, page-27

According to the acquisition announcement there'll be 757,613,650 shares issued plus options if all conditions are met.

For those shares we are paying $12.74m for Zeta plus $3.6m for the funding from Cooper Energy to drill two wells.

So all up that will mean that the 757,613,650 shares are valued at 2.2 cents each, much more dilutive than Ken and the board would have us believe. And that is assuming that Zeta is even worth $12.74m. Looking at KEY's track record it is clear that we overpaid for the UK & North Perth assets.

Come on Ken, get the meeting happening quickly so us shareholders can vote it down.