KEY 0.00% 0.1¢ key petroleum limited

No, it's not a case of one company knowing something that the...

  1. 259 Posts.

    No, it's not a case of one company knowing something that the others do not. It is simply the fact that Bounty labelled the gas shows - that were expetcted by Ndovu, Key, RAK and East African - as 'encouraging' whereas Aminex felt they had to counter by assuring everyone that these shows were 'not significant.' The Mafia Basin is a well-proven hydrocarbon producing basin and 'gas shows' are expected. This is a truism.

    There is nothing shoddy going on, there are no conspiracy theories, Key Petroleum are not keeping anything from us. The blame sits entirely at the hands of whoever created the Bounty announcement.

    What shocks me is the total lack of coordination. One would assume that the partners would have some-kind of agreement that stops this kind of stuff happening.

    And how did this come about? Perhaps Bounty recieve the logs every day, and someone from the technical team at BUY had a look and decided these gas shows were encouraging- whereas the other partners did not. One may contend that the BUY team are far less experienced than the other partners.

    Or perhaps BUY talked to someone from Aminex who said the shows were indeed encouraging and BUY went and published this - although the Operator may have assumed BUY would not do this because it is simply a fundamental no-no. Again, this may have occured due to inexperience at BUY.

    And the word 'encouraging' may have been misused by BUY. This word can act as a catalyst for people purchasing shares in KEY and BUY.
 
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