Key Petroleum Limited · ASX:KEY
Key Petroleum — Investor Presentation (June 2007)
18 slides from Key Petroleum's investor presentation, June 2007
Slide 1: Key Petroleum Ltd Company Presentation
Key Petroleum Ltd Unlocking the worlds resources ASX CODE: KEY Company Presentation
Slide 2: Overview
OVERVIEW COMPANY SHORT TERM ACTIVITY IPO High Priority • Raised A$19.2 M within 4 days – institutions and public – • First of 2 wells – Tanzania – June 07 oversubscribed • Drilling Rig ~ Contracted ASX Listing • Reviewing New Projects in Operating Regions • Trading in Securities commenced 26 th Apri
Slide 3: Board & Senior Management
BOARD & SENIOR MANAGEMENT • 30 yrs + Oil & Gas Experience Ted • Chairman / CEO of ASX / AIM Ted Ellyard Ellyard Companies. • Creator of Shareholder Wealth (e.g. Hardman Resources) • 30 yrs + International Oil Industry Ken Experience Ken Russell Russell • Exploration, Development, Production • 20 yrs
Slide 4: Tanzania
TANZANIA Okuza Island Nyuni Island N Imbi Reef Songo Songo Island Fanjove Island & Reef Shelf Kilwa edge break Kiliwani Masoko Island 10 km Key
Slide 5: Nyuni Block – Offshore Tanzania
TANZANIA NYUNI BLOCK – OFFSHORE TANZANIA Key holds 20% working Interest in Nyuni PSA • Area 1,300 km2 and immediately adjacent to producing Songo Songo gas field, (reserves > 1 Tcf). • World Bank funded 230 km pipeline and infrastructure. Nyuni Partners have guaranteed right of gas access to the pip
Slide 6: Activity in Tanzania
ACTIVITY IN TANZANIA Key has positioned itself into a prospective area as can be seen by the strong interest in offshore Tanzania; Shell International Petrobras Dominion Petroleum Ophir Statoil Italy Artumus Group Suriname Ras Al Khaimah Gas Commission Petrodel Aminex
Slide 7: Kiliwani #1 – First of Two Well Programme
KILIWANI #1 – FIRST OF TWO WELL PROGRAMME Tanzania; Drill Rig / Drilling Staff & Support Team Contracted Access Road / Rig Site Preparation Well Advanced JV Meetings During May 07 Finalizing Location for 2 Drilling Prospects Songo Songo Producing Gas Kiliwani #1 Field Well Caroil #6 Rig Location Key
Slide 8: Schematic Geological Section
SCHEMATIC GEOLOGICAL SECTION Songo Songo Producing Gas Field Proposed Drilling Location for Kiliwani #1 Key
Slide 9: Estimated Un-risked Potential Recoverable Gas
ESTIMATED UN-RISKED POTENTIAL RECOVERABLE GAS • Reservoir: Sandstones with moderate to good porosities • Source: Close offset to Songo Songo Gas Field • Seal: Overlying marine transgression with shales / claystones • Trap: Faulted Anticline • Estimated Un-risked Potential Recoverable Gas Mean Expect
Slide 10: Italian Petroleum Interests
ITALIAN PETROLEUM INTERESTS Onshore ~ Borsano ~100% • Close to Industrial City of Milan • Prospective for both oil and gas Offshore ~ 100% Lampadus x 2 Blocks ~ Bordering Tunisian Waters, Several mapped closures, Potentia l for 10 ~ 50 million bbls recoverable, 30 km SE from Halk El Menzel Field, Wa
Slide 11: Po Valley Basin
PO VALLEY BASIN • Po Valley in the industrial north of Italy • Oil Production in region of 70,000 bopd • High demand by industry for gas • 8km from large Villa Fourtuna Oil Field and • 5 km from Brugherio Gas Field • Borsano block (yellow) 31,786 hectares • Largest oil field in Po Valley only 8 km a
Slide 12: Borsano
BORSANO • Borsano ~ Next Step: Two identified drilling prospects Obtain 2D Seismic • Tertiary / Mesozoic Anticlinal Play Untested anticlinal feature north of Varedo-1 Gas shows recorded in Tertiary conglomerates in Cusano Milanio -1 Seismic anomaly in Tertiary is primary objective Key
Slide 13: Offshore Italy
OFFSHORE ITALY Lampedusa, West Sardinia & Elba South Obtain Seismic Work Up Prospects and Actively Seek Farmin Partners for Offshore Drilling Key
Slide 14: Suriname
SURINAME
Slide 15: Suriname
SURINAME • Key Petroleum owns 1.75% Free Carried Interest in 2 Blocks • Vendors Introduced Hardman Resources (Tullow Oil) to project. • Partners are Staatsolie 60% (Govt.), Hardman 36.5% and Portsea Oil & Gas 3.5% (50% owned by Key Petroleum) • Low Cost, Low Risk onshore plays • Both blocks adjacent
Slide 16: Activity Schedule
ACTIVITY SCHEDULE 1.75% Italy Suriname Key
Slide 17: Summary: Business Focus
SUMMARY: BUSINESS FOCUS “Key” Key is maintaining its business focus with drilling to commence mid 2007 on two continents, Africa and South America Tanzania ~ 2 wells drilling programme starting early July 07 Italy ~ Establishing in country company structures Working up projects for drillin
Slide 18: Key
“This presentation is intended to provide background information only and does not purport to be an offer to invest or to make an y recommendation upon which you may reasonably rely without taking further and more specific advice. Potential investors must make their own independent assessment and in