As things currently stand KEY, as holders of 50% interest in the...

As things currently stand KEY, as holders of 50% interest in the West Songo Songo Exploration Licence, are required to spend $US7.125m by the end of the initial exploration period, which KEY has mention is for 3 years, ie by mid 2011.

From the TPDC's website on the announcement of the granting of the PSA:

"Under the SongoSongo West PSA, Funguo Petroleum will reprocess existing data, acquire new seismic data and drill at least one well during the Initial Exploration period. The Minimum expenditure will be US$ 14.25million."

http://www.tpdc-tz.com/press_release_key_hydrotanz.htm