Key Petroleum Limited · ASX:KEY
Key Petroleum — Shareholder Meeting (November 2019)
21 slides from Key Petroleum's shareholder meeting presentation, Nov 15, 2019
Slide 1: Key Petroleum Limited 2019 Annual General Meeting
Key Petroleum Limited 2019 Annual General Meeting
Slide 2: Disclaimer
Disclaimer The information in this presentation is an overview and does not contain all information necessary for investment decisions. In making investment decisions, investors should rely on their own examination of Key Petroleum Ltd and consult with their own legal, tax, business and/or financial
Slide 3: Overview & Commodity Outlook
Overview & Commodity Outlook
Slide 4: Company Profile
Company Profile Issued Capital Market $10 million Capitalisation Ordinary Shares 1,684,198,051 Unlisted Options 25,500,000 Board & Management Cooper Eromanga Basin Rex Turkington Non-executive Chairman Perth Basin Min Yang Non-executive Director Geoff Baker Non-executive Director Dennis Wilkins Non-
Slide 5: 2019 Highlights
2019 Highlights Zero Health and Safety Incidents in Operations Zero Environmental Incidents in Operations Completion of L7 Farmout Agreement with a subsidiary of Triangle Energy (Global) Limited (“Triangle”) Completion of ATP 920 and Ace Area Farmout Agreement with Pancontinental Oil & Gas N
Slide 6: Commodity Sentiment – Oil Bulls
Commodity Sentiment – Oil Bulls Sentiment Improving with Asset Managers and the Decline in US Shale Brent Price $USD Brent oil prices appear to have stabilised with hedge funds in North America continuing to buy oil derivatives in November, anticipating the oil market has entered an upward price c
Slide 7: Commodity Indicators – Oil Internationally
Commodity Indicators – Oil Internationally Demand Robust and Global Production Stable Consumption and demand for liquid fuels in excess of 100 mm bb/d continues globally with US Shale dominating production and China experiencing a decline. China has around 80 days of oil in storage, including th
Slide 8: Commodity– East Coast Gas Market of Australia
Commodity– East Coast Gas Market of Australia Niche Opportunities Exist Impending gas shortages on the east coast of Australia will see future domestic gas prices heading towards LNG netback price equivalents, which is the price of LNG in Asia less the cost to get Australian gas there. LNG netback
Slide 9: Commodities, Infrastructure and Key
Commodities, Infrastructure and Key Right Time, Right Place The Bookara Shelf Oil Project is located 400 kilometres from Kwinana Refinery – clear pathway to monetise assets. Meeba and Canaway Ridge Oil Projects are located 400 kilometres and 166 kilometres respectively from the Eromanga Oil Refi
Slide 10: Upstream Assets
Upstream Assets
Slide 11: Cooper Eromanga Basin, Queensland – Meeba Project
Cooper Eromanga Basin, Queensland Meeba Project (ATP 920 and Northern Extent of ATP 924) The Meeba Project comprises the drillable Ace Prospect, and the trend extending north all the way to the Inland Oilfield. A Farmout Agreement was executed for the Meeba Project with Pancon who will earn 20%
Slide 12: Cooper Eromanga Basin, Queensland – Tanbar Gas Project
Cooper Eromanga Basin, Queensland Tanbar Gas Project (ATP 924) Extensive flooding earlier in the year prevented Key from undertaking on ground preparatory works however a Land Access Agreement for each of the Meeba and Tanbar Gas Projects is expected to be executed imminently. A Letter of Intent
Slide 13: Cooper Eromanga Basin, Queensland – Canaway Ridge Project
Cooper Eromanga Basin, Queensland Canaway Ridge Project (ATP 783) Anomalous geochemical values above background were detected and have now been interpreted to be across the Chandos Updip Prospect which was previously identified on vintage 2D seismic. Down-dip and north-west of the Chandos Updip
Slide 14: Perth Basin, Western Australia – Bookara Shelf Project
Perth Basin, Western Australia Bookara Shelf Project (WA 481-P, EP 437 and L7) Key is progressing towards the drilling phase with a signed Access Agreement with the Landowner completed for the Wye Knot-1 exploration well, a dual Bookara and High Cliff target. The Well Management Plan has been appr
Slide 15: Bookara Shelf Project (EP and L7) cont’d
Perth Basin, Western Australia Bookara Shelf Project (EP 437 and L7) cont’d Completion of the Mount Horner Farmout Agreement with budget preparation in anticipation of Work Programme activities (3D seismic acquisition and drilling of two wells) commencing. Offshore studies, including seismic inv
Slide 16: Business Development
Business Development
Slide 17: Key Services – Growing Oilfield Services Capability
Key Services Growing Oilfield Services Capability Rehabilitation activities at Mount Horner Oilfield have progressed well with flowline removal completed and disturbed areas fully rehabilitated. Key has developed low impact and safe process for removing oilfield flowlines, disposal and remediation
Slide 18: Key Services – Rapidly Expanding Business
Key Services Rapidly Expanding Business Completed work for other clients including remote areas. Civil earthworks capability increased to include work for drilling pad preparation, decommissioning and transportation services. Camp and logistics capabilities proven with scope to increase camp i
Slide 19: 2020 Outlook
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Slide 20: Outlook
Outlook High Cliff and Kingia Drilling in Perth Basin – Well Management Plan approved by Regulator and awaiting Safety and Environmental approvals. Mount Horner decommissioning work is ongoing and planned to be carried out in conjunction with Perth Basin Drilling Programme in order to minimise p
Slide 21: For further information please contact Mr JL Kane Marshall
For further information please contact Mr JL Kane Marshall Telephone: +61 (0) 8 9381 4322 Email: investors@keypetroleum.com.au Updated Website: www.keypetroleum.com.au