KEY 0.00% 0.1¢ key petroleum limited

time for the three strikes rule, page-4

  1. 887 Posts.
    Geo - okay have been hard on the company today - but lets just correct two of your KEY points shall we?

    Dunnart/Dibbler - one has been drilled, and the other should reach TD. They have been regularly annuonced about their progress on both of these drills. So there has been news.

    Once they reach target depth, then they have to do trips and wire logging. That will probably take a while. So no - not having any news is not an indication they have found nothing. They have reported regularly - so lets just wait and see what happens when they finish the logs eh?

    OH and the UK is actually making money based on what they currently have - from the report I think it was around $100k a quarter. So not eating money. It is just the expansion additional drilling that they have to pay for that is eating the money!
 
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