Gday amer222333, 2007 saw KEY mainly trade in the 20s, following...

Gday amer222333,

2007 saw KEY mainly trade in the 20s, following the listing in April 07 @ 30c. Unfortunately with the duster encountered on their first well, the sp dropped back to under 10c in 2008 before their Kiliwani North # 1 discovery.

Very hard to predict the future sp and the impact from seismic results, however if the numbers are as expected we may see some corporate activity prior to production IMO which will have an impact on their sp.

Let's not forget they still have around 7m in the bank and will be in a reasonably strong position to negotiate with any jv deals, especially with the knowledge that income from their gas find will start to flow in 2010.

Cheers
R