share value, page-12

Most oilers work on pe ratio of 6x. But the thing for me is most oilers have 500+ mil shares on offer as they keep going to the well for funds. Management is not stupid if the say 500 bopd a day they must be thinking 2 to 3 times that if not more as nothing kicks sp along like beating expectations. And then key is self funding no more cap raisings just self funded
and thats 1st quarter 2010 for the drill in the UK and then along with TZ, Italy and Shell has said its the North sea without the cost (ADX jumped from 2 cents to 17 cents 230mil shares* fully funded drill in Italy/Tunisa) These sort of drills and Northern petroleum(fully owned by shell) drill in similar areas to KEY will push SP by those in the know. there is so much happening an exciting company key and its all coming togeather.