KEY 0.00% 0.1¢ key petroleum limited

key may have something to bank shortly, page-13

  1. 11,045 Posts.
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    Out of curiousity, will KEY see any cash from production any time soon? Would Aminex as operator have the final say in what happens with the cash flow?

    I ask this because it's possible, even likely, that Aminex may want to re-invest all the cashflow back into the Nyuni block. If that occurs then whilst KEY would be booking an income from KN#1 they would have no opportunity to re-invest that money elsewhere, such as SSW.

    I realise that KEY are planning on spending money in the Nyuni block so it's not really a problem for KEY per se, was just wondering where exactly they stand as a 20% partner.
 
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