what now?

Looking at the latest news from Aminex about the impending renewal of an "expanded" Nyuni exploration licence and waiting on the forever delayed Lidsey #2z I got to wondering "what now"?

According the last cashflow report and the rights issue document from last Octboer KEY had $4m in the bank at the end of December, they were spending roughly $1m of the Western Australian drilling leaving $3m however Lidsey #2z is listed as needing $4m to drill.

So what now for Lidsey #2z?

Italy has been on the backburner since day dot with no signs of any changes or improvements and even if it wasn't, we have no cash to drill so we would have to farm out this considerably to be free carried for any seismic and drilling.

Suriname drilling in the Coronie block is a good 12 months behind schedule with still no concrete date for these latest 5 wells to be drilled. Even if they were drilled and found hydrocarbons, from reading Staatsolie (sp?) they appear more interested in proving up resources rather than actually producing from any of these discoveries as their existing oil fields will meet demand for the forseeable future.

And lastly Tanzania, 75% of our interest (from 20% reduced to 5%) in the Kiliwani North development licence is gone to fund one well, Nyuni #2. Gotta hope and pray that finds something commercial. West Songo Songo is about to be merged into the remainder of the Nyuni exploration licence, will we end up with more than 5% interest of the new licence?