US$15.4m x 30% = US$4.6m or about AUD$5m. That's the expected cost to KEY to drill both wells. KEY has to pay 20% of any expenses above this amount.
$12m in the bank so even if the cost of the wells was to blow out by $5m KEY would only be up for another $1m.
exploration well, page-4
Add KEY (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.262M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| KEY (ASX) Chart |
Day chart unavailable