KEY 0.00% 0.1¢ key petroleum limited

This is very interesting. There is absolutely no chance that...

  1. 259 Posts.

    This is very interesting. There is absolutely no chance that Bounty Oil & Gas would manufacture such information and then publish it. So Bounty honestly believes that the gas shows indeed are 'encouraging.' It looks like Aminex is not pleased with the fact that they disclosed this information. Aminex notes in its latest announcement that it 'expected' these gas shows - perhaps Aminex believes that Bounty are creating false expectations and are misleading shareholders by saying 'encouraging gas shows' have been encountered. Anywho, Aminex have explained that it is far too early to predict the success of the well considering driling is not even half way to target depth.

    Forget about all this 'encouraging gas shows' business - that are common to almost all wells - and know that the success of the well will be known sometime from December 22 until January 1 IMHO.

    It's a shame that the news will be released in this period though. Everyone's on holidays! :(
 
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