KEY 0.00% 0.1¢ key petroleum limited

The most important thing about all this admin costs are all...

  1. 13,244 Posts.
    The most important thing about all this admin costs are all covered, now Key won't have to go to the well just to run the company. Every 3 years they need a cap raising just to cover running costs. This is so important to KEY as now with there cash they have, can be spent on asset building drilling and such. Its such an important turn around, while it only seems a small amount of oil 85 bopd, it really is a water shed moment. If there is another SPP it will be for actual assets or growth but with a cash flow it will be easier to get other financing. THe next 6 months will be a real water shed redrilling or work over of Brockham and lindsey, Tanzania, Italy. Should see a good organic growth of SP, its hard to hold sometimes but time will be the key to unlocking the value.
 
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