KEY 0.00% 0.1¢ key petroleum limited

from quarterly, page-16

  1. 1,263 Posts.
    lightbulb Created with Sketch. 3

    Gday Surandy70,

    We all have to remember that these guys are experts in their field and I would be very surprised if they did not know what sort of numbers they were dealing with, hence the need to look at a longer term option via the plant. Even when they first made the discovery they hinted that there may be capacity issues in connecting to the existing pipeline.

    With AEX being in charge, KEY cannot really come out and give their thoughts on how big this really is. Even if they could, they are so reserved they will not want to overpromise anything to the public especially in the current market...IMO.

    IMO, it was also clear from the report that work on the West Songo Songo block is more advanced than I first thought and given KEY are the operator on this one, I am expecting them to fast track further work on this in 09.

    To be honest I am feeling a little more relaxed about my options potential now, I know you still have some concerns / reservations, but time will tell.

    Cheers
    R
 
watchlist Created with Sketch. Add KEY (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.