They will be back as soon as the volume and price pick up. There are a few things comng up that IMO will spur on more interest.
NSE drilling Nicolay prospect in July, which will reignite the region not only KEY. But as I mentioned in an earlier post that KEYS close proximity to NSE, should lift KEY the most
BRU to drill Cyrene well toward end of the year
KEY must be close to getting a JV or farm in partner for EP448. Major players looking to acquire land in the area.
Perth Basin assets near NWE who are als drilling in JUne/July I think.
So there are a few things in the not too distant future that could lift the sp much higher and with an EV/acre of less than $4, its still the cheapest play in the Canning.
The research is out there and the facts speak for themselves. I will hold until July to see what happens. DYOR
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