Yes you are correct about SP weakness asteroider but selling prior to announcement of P&A was on low volume in the extreme, so IMO there was no information leakage.
I agree with you that Aminex as Operator of the Nyuni JV makes the proposition less attractive. I want KEY to call the shots. From what I understand the second well carries far less risk operationally, and they have mentioned that they will be targeting a shallower tertiary structure as well as the northern lobe of the Songo-Songo gas field, so news should flow pretty quickly given an oil discovery.
I can't understand selling after the announcement of P&A of Kiliwani #1. What makes KEY wildly prospective is its Italian interests. I think this is reflected by the low volume of selling after P&A of Kiliwani #1 - 6 million shares out of a possible 60 million (70% of the Company is owned by individuals other than management, that is 60M out of 86M listed KEY securities). So only 10% of people bailed.
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Yes you are correct about SP weakness asteroider but selling...
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