KEY 0.00% 0.1¢ key petroleum limited

enough is enough

  1. 1,263 Posts.
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    Enough is enough Ken, what you and your management team have done over the last couple of months is a disgrace.

    I never thought I would make that statement. However, after being a very loyal and strong supporter of the KEY management team since 2007 I now fully agree with the majority that you must go.

    I am sure you (Ken) would have received many phone calls from irate shareholders about the pathetic handling of our Tz assets, and the waste of funds on our two well program in OZ. The way the company carried on about how great it was to have an opportunity in our own backyard, and to then come up with nothing in two attempts is probably a fair indication of how much effort, or the lack of it, they put in with the OZ project IMO.

    I am also amazed that our company has not made a statement to the market to try and put shareholders minds at ease with our current position.

    As Surandy70 has mentioned, the board spill attempt last year SHOULD have sent the message loud and clear to KEY management and the board that they need to listen to their shareholders.

    If we do have a chance to vote in a new board, I will support it providing there is a good balance of O&G experts and funding specialists that forms the new board. I voted NO last time because of my support for the current board, and that we were not going to have the right mix IMO.

    I also believe that WSS must be retained, we are the Operator and have a 50% interest. If we ever get into a good cash position, WSS could be the difference between just surviving and having a company making asset (the caveat being, we have the right board members making the right decisions)

    Cheers
    R
 
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