tanzania, page-37

Hey Roznov, from what I can recall reading KEY is looking to offload WSS, presumably in it's entirety.

Bad news is that we've offloaded our good assets too cheaply but on the plus side, this means we have minimal work commitments for the current financial year. $1.2m in work commitments for the 2012 financial year from a starting point of $2m cash, with cash inflow from the UK assets along with reduced fixed expenditure should see us tread water for the next 6 months or so.

If the EGO deal goes through KEY may need to do a small placement to ensure sufficient funds to cover the work commitments in the new assets but at this stage we will be free carried for the main piece of upcoming work in Canning Basin.

Unless, of course, KEY decide for a 3rd raising to drill Lidsey #2Z.