KEY 0.00% 0.1¢ key petroleum limited

att cadreelil

  1. 7,085 Posts.
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    Cadreelil,
    No one really stopped to answer your question re TEX and Garwood.
    I am no guru, but hope this helps.

    Garwood intersected about 8 mtrs of gas.
    Snapper A-1 intersected 4.3 mtrs gas and 5.2mtrs gas and oil (they quote this at 14c)

    KN1 intersected 60mtrs.
    This is significantly larger in terms of the intersection, it is also in an area of reasonably large reservoirs.

    Poms at Fools (after meeting with Aminex) are saying that revenue to Aminex could be $5m pa upping to $30m pa later on; this would equate to ~ $2.5m+ to $15m+ PA for us... USD.

    Whilst this is not accurate; it is the best set of numbers I have seen so far.

    We will need to wait until the results from testing come out, however this result is potentially very significant.

    We also have one of the best management teams around.

    Time is moving in our direction.
    31/3/08 KEY stated "...It is currently expected that well testing will commence in approximately four weeks, depending on equipment availability and its mobilization point"

    21/4/08 was 4 weeks.
 
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