Hi AllNow that they are running casing at Ungani North, we can...

Hi All

Now that they are running casing at Ungani North, we can expect the rig to be released from this location in the next few days.

"What the the hell does this mean for Cyrene spud" I hear you ask.

Well, have a look at a few of my posts and you will catch on, but as I see it, the immediate forward program for KEY/BRU is likely going to look like this (I am in possession of no inside information. I just listen to what I am told in the announcements):

1. Complete Ungani North well for testing
2. Release Rig from Ungani North
3. I remember I had something planned here, but for the life of me I can't remember what I had in mind.
4. Buru employee(s) exercise options. Oh, incidentally, given the new mechanism of options exercise, it happens that the higher the share price happens to be on the day of exercise, the more shares they get. Cool, eh.
5. Spud Cyrene
6. Happy New Year!

Hopefully there are no options to be exercised between here and testing any huge find at Cyrene.

Good Luck All. Banking on a gusher, otherwise a CR in the new year me thinks. Hopefully this would include an SPP but seems unlikely. Don't get many SPPs when the company is strapped for cash.

Sorry for all the BRU information fellow Keyers but I promised I wouldn't post on that thread for a while and I couldn't resist this.

Disclosure. Just a shareholder (BRU & KEY). Take this all as pure speculation. What would an idiot like me know?