KEY 0.00% 0.1¢ key petroleum limited

announcemeny......., page-2

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    •Oil & Gas Exploration Company (ASX Listed)
    •A significant gas discovery in Tanzania
    •Expanded asset portfolio

    ------> The Company is : Debt free

    •Has upside potential due to its exploration and commercialisationprojects in Tanzania and through its other international assetsand
    •Has a dedicated team of people, including experienced oil and gas professionalsThe Company has a limited number of shares issued:
    •86 million shares & 44 Million options (Expiring 31stMarch 2009)And at this time has:
    •Net cash of approximately $8.0 million,
    •Current market capitalisation$8.0 million
    •And a share price of 9.0 CentsWhichmeans,althoughoursharepricehasbeenaffectedlikemostothersbytheglobaleconomicturmoilandfallingenergyprices,KeyPetroleumhasthestrengthtocontinueitsgrowthpathinto2009
 
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