KEY key petroleum limited

valuation and background, page-7

  1. 10,127 Posts.
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    Plugger, maybe you need to do your research.... even if it so you don't look silly....

    The "restricted gas" sales is due to the Songo Songo gas agreement next door. They locked in sales for 16 years a few years back. Above the "restricted gas" agreement, they can sell to industry. The industry price is currently Above $9 mcf.

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    http://www.orcaexploration.com/2007/ORCA_2007_Q3_release.pdf

    Sold 442 mmscf of Additional Gas to Dar es Salaam industrial customers or an average of 4.8 mmscf/d. This
    represented a 10% decrease on Q3 2006 when 491 mmscf was sold. However, average industrial prices increased
    by 11% to an average of US$9.58/mcf (Q3 2006: US$8.63/mcf)
 
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