Just wondering if there can shortly be an additional valuation...

Just wondering if there can shortly be an additional valuation on Key from the market on the basis that it is a producer. Sure it is only 80odd barrells a day which would equate to around $1.5-2m or something like that.

But at least KEY will now have "earnings" from which to get a part valuation (or better one). Interesting year ahead I would say.

If they are wise and reinvest that cashflow solely into increasing production on the UK oil field, then they would reap the rewards within the next 2-3yrs. Lets see if people are patient enough.

Think this was a sound move anyway, to ensure they move to producer status (and hopefully rerated) alot earlier than Italy or Tanzania could provide.