Philarmonic,
I agree with your comments.
I finally received a respone from Ken Russell re progress at KN#1.
As expected, i was advised that they are not in the practise of issuing any updates for the sake of making them.
In that instance i agree with him, however when the KN#1 testing proved successful he indicated early commencement of production and sales to generate revenue.
It appears reading between the lines of his communication to me that they are now in discussions with various governmental bodies in Tanzania as to the best way to take this project forward, whereas previously (ASX release of 18th July, 08) they stated:- "At a recent joint venture meeting in Dubai, plans for commercialisation of the Kiliwani North #1 well were advanced"
He obviously was not happy that i had the cheek to send a follow up e-mail seeking a response indicating that if he responded to all his e-mails he would never get any work done, well welcome to the real world!!! I run a business and e-mails come with that territory!
The simple fact is many shareholders have invested large sums of hard earnt capital into Key Petroleum and there has been no meaningfull update on what they intend on doing with KN#1 since proving that the well was a commercial discovery.
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