Still around 11 cents because there's a lack of sellers prepared...

Still around 11 cents because there's a lack of sellers prepared to sell at these levels. Were it not for that it'd be under 10 cents now.

There's no news at the moment and the 85 bopd is not a great amount, it would be lucky to cover the operating/administrative expenses for the company. Meaning that they are not burning much, if any, cash at the moment.

Although if the workover on the UK assets aren't successful then they'll burn through cash to fund any further exploration/production costs.

On the other hand, if the workover is a big success then given the low operating costs of the UK assets plus the tax losses acquired with the purchase plus the higher price of oil, would mean they'd go a considerable way to funding further exploration/production. The question then comes down to how quickly the funds accummulate versus how soon, and how much, cash is needed for further exploration/production.

The killer for KEY at the moment is the lack of information coming from the company. We know they are producing in the UK, but at what rate and what is the cash/profit to KEY? What are their forward plans? Will they greatly dilute the register? What is happening with Italy?