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Ajouté le : 21 juillet 2011
Lecture(s) : 40
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ACN 120 580 618 163 Stirling Highway Nedlands Western Australia 6009 Tel: + 61 8 9389 3200 Fax: + 61 8 9389 3299 email: info@keypetroleum.com QUARTERLY REPORT For the Quarter Ended 31st March 2011HIGHLIGHTS Southern England – Weald Basin  OnshoreLIDSEY #2 DRILLING PAD CONSTRUCTION COMPLETED Site construction work has now been completed allowing drilling to commence once drilling rig becomes available. STRONG OIL PRICES BENEFITING Oil sales from both Brockham and Lidsey fields providing strong receipts as Company benefits from increases in world oil pricing. An average price of USD $105 per barrel achieved throughout the quarter and USD $114 throughout the month of March 2011. Tanzania – Nyuni PSAFARM DOWNNYUNI BLOCK INTEREST REDUCED FROM 20% TO 5%with Aminex/Ndovu to reduce interest from 20% to 5%. Provides free Agreement carry through the drilling phase of Nyuni 2, to be drilled in the Nyuni Block.  PSA Licence extended and terms for a new PSA over block agreed with Tanzanian Petroleum Development Corporation (TPDC).
NYUNI 2 DRILLING2 well now expected to be drilled in late May 2011. Nyuni
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