Ann: Half Yearly Report and Accounts, page-3

Let us hope the MD change from Nick the Blob to Bob the Builder will bring some action.

As usual the KKO reports are poorly prepared and difficult to read.

For instance, can anyone tell me if the "Amersfoort field" and "Korhaan field" are the same thing? I refer to two pragraphs from the report;

"New Joint Venture with South African Strategic Investor Afro Energy having executed a term sheet with the Industrial Development Corporation of South Africa (“IDC”) have identified the Amersfoort field to develop a 14 well cluster that will support the application of the PR."

"The Company and the IDC are currently evaluating how best to optimize the Korhaan field development to progress the Production Right (PR) application over the identified acreage within ER 271."

The only thing I take from this report is that exploration drilling has been stopped now, awaiting the petroleum drilling report. (which should have been commissioned before they started).
The glacial pace of development continues while management burn through cash.
SoS - Same old sh!t, same old sh!t