With all the talk about the offshore permits, I will be...

With all the talk about the offshore permits, I will be interested to see in the next quarterly report if any decision has been made regarding our 100% onshore Borsano Permit.

The last report was that further discussion would take place shortly with a view to expediting a determination on this application. The company also reported that they would continue to work on drilling preparation activities. As we know the proposed drilling location lies in a built-up area and environmental issues are causing KEY to review its plans for this well.

If they can get past these environmental issues, we may see a change of focus in Italy in the medium term to their onshore permit.

With a number of wells being drilled in OZ and the UK over the next 6 months, we could see quite a bit more interest in KEY if Oil continues to trend upwards.

Cheers
R