It is worth reading todays ASX release from Buru re their Canning Basin Holdings.
This is one tiny extract from it....
"Executive Director, Eric Streitberg
Undoubtedly. There is now intense interest in the Canning Basin with three major companies taking
positions. Most recently Hess has entered the basin after it acquired Kingsway Oil, and Conoco
came in last year with New Standard. You just have to look at a map of acreage holdings in the
Superbasin to see that there is now no material vacant acreage. What this means it that the only
entry points are via farm-ins or through takeovers."
KEY PETROLEUM now hold a very significant presence in this basin and it is also obvious why our new MD is buying up shares on market!!!
I believe our patience is going to be very well rewarded in the not to distant future!!!
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