UK will (hopefully) provide the cashflow so we avoid raisings to support our drilling program in Tz.
I spoke with Ken a few days ago and apparently the unusually cold weather has delayed their UK plans slightly meaning that they've been focussed on remedial work on the Brockham field so we won't see the Lidsey #2Hz well happening in March.
I guess the aim is to ensure they maximise cashflow from Brockham so that drilling in Lidsey won't have too much of a negative influence on overall cashflow.
On KN#1, results won't be announced until all of the JV partners have reviewed the results of the various seismic processing that has been done. I'm hopeful that Aminex will fulfill their commitment to release the results before the end of March.
The plus for me with the lack of news and share price weakness has been the opportunity to top up cheaply. If it wasn't for my other half I'd have attempted to increase my holdings by at least double rather than a 25% increase last month sub-10 cents.
KEY Price at posting:
9.9¢ Sentiment: Buy Disclosure: Held