chomp..............................., page-9

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.