italia, page-4

I am comfortable with the current plan, Tanzania and then Italy.

We have drilled Tanzania and have done well, Italy is next and should prove quite rewarding. It is low risk.

However in the long term the results from Tanzania will be a big part of our little company (imho), and I would like to see us drilling some of the larger targets in the Nyuni block relatively soon.

The only caveat is if the rig is available and we can afford it then Kiliwani North #2 should come on as soon as information from this result can be analysed against previous data.

I think I have mentioned long ago about having a few beers in Nairobi and talking to a few of the locals involved in their resource sector. They were confident that the East African coast would prove a successful area for oil and gas.

Oil was found on the East Coast in the 60's.

This story was backed up by a chat with a guy in Australia who was going to work in the gold industry in Tanzania. Whilst Tanzania has a active gold and diamond industry Kenya has none. When I questioned this he said that Kenya would prove to have oil and gas, as would Tanzania.

These discussions were a few years apart but were vital to my investment into KEY. Supported by the management team that KEY have it is a no brainer imho. Things will start to turn in the companies favour.

If played properly this will really put KEY into a great position over the next few years; there is little reason to doubt this happening.

Very exciting times and I may be in the cue as a buyer on Monday.