ALL ORDS,
I have done some calculations, tell me what you think, what is your opinion?
Let us assume target is achieved Kiliwani#1.
Key target 250BCF
Key retain 20% interest = 50BCF
50 000 000 000 / 1000 (because gas prices are quoted per thousand cubic feet)
= 50 000 000 X 2.5 (current Tanzanian gas price)
= 125 000 000 = total value. This values the company at far greater than 40c Per share.
Key Petroleum could well get a better price for their gas, and this is excluding Kiliwani North #1 prospective for 10 million barrels oil recoverable and 10 - 15 BCF.
Thoughts?
Any discussion concerning Key Petroleum welcome.
The Soothsayer.
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