KEY 0.00% 0.1¢ key petroleum limited

Ann: Response to ASX Price Query, page-25

  1. 11,016 Posts.
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    Have I offended the 'pump and dump' brigade? Sorry if I have, just calling it as I see it but glad you follow my posts. Btw, Key isn't the only opportunity in the market and I often move my $ around.

    Anyways, Key had $638k cash on hand at last quarterly, which certainly wont last much longer, nor will it get a drill bit turning. Only hope atm is to find a farm in partner but plenty of gas has already been found and more to come from STX.

    You know, enough gas has already been found in the Perth Basin to last multiple generations and STX is about to add to their gas stockpile with upcoming drilling. Key is a long way from finding anything and a lot can happen in the meantime.

    Capital raising imminent hence the excitement from all the "newbies" pumping it last couple of days .

    Don't shoot the messenger, cash is running out.
 
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