Key Petroleum Limited · ASX:KEY
Key Petroleum — Shareholder Meeting (November 2013)
29 slides from Key Petroleum's shareholder meeting presentation, Nov 13, 2013
Slide 1: Annual General Meeting – Managing Director's Overview
Ground Floor 39 Stirling Highway Nedlands WA 6009 T: + 61 (08) 6389 0322 F: + 61 (08) 6389 0697 For personal use only 13 November 2013 The Manager The Australian Securities Exchange The Announcements Officer Level 4/20 Bridge Street SYDNEY NSW 2000 ANNUAL GENERAL MEETING – MANAGING DIRECTORS’S OVERV
Slide 2: Managing Director's Overview
Ground Floor 39 Stirling Highway Nedlands WA 6009 T: + 61 (08) 6389 0322 F: + 61 (08) 6389 0697 For personal use only commrelations@keypetroleum.com.au Managing Director’s Overview Kane Marshall 13 NOVEMBER 2013
Slide 3: Disclaimer and Competent Person's Statement
Disclaimer and Competent Person’s Statement For personal use only 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 Lt
Slide 4: Board and Management
Board and Management For personal use only Board of Directors Kane Marshall Managing Director BSc (Geology), BCom (Corp. Finance) and MPetEng Ian Paton Chairman BSc (Geophysics), MBA, MPetEng Rex Turkington Director BCom (Hons), BCA, GAICD, AAFSI & ADA1 (ASX) Dennis Wilkins Director BBus, ACIS, AICD
Slide 5: Company Overview
Company Overview Key Petroleum Ltd is focused on exploration in both the North Perth and Canning basins in For personal use only Western Australia which have proven petroleum systems with the potential for both conventional and unconventional oil and gas opportunities. Summary ASX CODE KEY New Board
Slide 6: Share Price
Share Price For personal use only Share price movement over the past six months up to 12 November 2013 Source: Google Finance 5
Slide 7: Strategic Focus
Strategic Focus For personal use only Operator in Joint Ventures where possible to control exploration costs and best utilise capital reserves. Expand Company portfolio with Australasian-based assets in areas where the Board has experience and where majority of capital costs can be farmed-out. Becom
Slide 8: Current Outlook
Current Outlook Key has: For personal use only A healthy cash position of circa $3.23 million and low overheads for an emerging oil and gas operator with a strong management team who can move quickly on new venture opportunities. High equity positions with exploration costs potentially funded by str
Slide 9: Portfolio
Portfolio For personal use only Canning Basin Perth Basin Current WA Interests Onshore Canning Basin Onshore Perth Basin 8
Slide 10: Portfolio – Permits
Portfolio Permits For personal use only Permit Location Interest Operator EP448 Canning Basin 78% Key Petroleum Ltd* EP104 Canning Basin 53.97% Key Petroleum Ltd* R1 Canning Basin 30.61% Buru Energy Ltd L15 Canning Basin 49% Buru Energy Ltd EP438 Canning Basin 20% Buru Energy Ltd EP437 Perth Basin 5
Slide 11: EP437
EP437 Current Position: For personal use only Government approvals for drilling the exploration well Dunnart-2 are currently underway: Operator of EP437 Joint Venture Formal H&S and Environmental bridging documentation currently being re-submitted Discussions held with DMP to expedite approvals proc
Slide 12: EP438
EP438 Current Position: For personal use only Cyrene-1 drilled in early 2013 on behalf of the Buru Energy Ltd/Mitsubishi Corporation Joint Venture: Cyrene-1 best conventional prospect in block. Drilled under budget during wet season establishing Key as a competent Operator Acquired Goldwyer Formatio
Slide 13: EP438 Coring Operations Cyrene-1
EP438 Coring Operations Cyrene-1 For personal use only 12
Slide 14: EP448
EP448 For personal use only Current Position: Completed ‘Curtly’ Geochemical Survey’ in October/November 2013: First Geochemical Soil Survey of its type in this part of the Canning Basin conducted over 2,000 km2 area Conventional prospects defined through mapping and integration of survey results as
Slide 15: EP448 Darriwell and Ambrose Projects
EP448 Darriwell and Ambrose Projects For personal use only Darriwell Curtly Geochemical Survey resulted in the re-mapping of both project Project areas (Darriwell and Ambrose). The south-eastern part is regarded as having unconventional potential where a salt seal over the Ambrose low has been mappe
Slide 16: EP448 Ambrose Project and Geochemical Soil Survey
EP448 Ambrose Project and Geochemical Soil Survey Curtly Geochemical Survey completed For personal use only over large area inclusive of unconventional Ambrose Project and up-dip conventional leads. Executed via helicopter in conjunction with on-ground logistical support with detailed surveying of w
Slide 17: EP448 Curtly Geochemical Soil Survey
EP448 Curtly Geochemical Soil Survey For personal use only Consultant geochemical specialist Dr John Conolly 16
Slide 18: EP448 Curtly Geochemical Soil Survey (cont.)
EP448 Curtly Geochemical Soil Survey (cont.) For personal use only 17
Slide 19: EP448 Curtly Survey – Analysis of Data
EP448 Curtly Geochemical Soil Survey – Analysis of Data For personal use only 18
Slide 20: EP448 Survey and Terrain
EP448 Survey and Terrain Great Sandy Desert, Western Australia For personal use only
Slide 21: EP448 Survey - Bidyadanga
EP448 Survey - Bidyadanga For personal use only View of the Bidyadanga Aboriginal Community from the air. Key has been liaising closely with Traditional Owners from the Community as part of the exploration campaign process.
Slide 22: EP448 Dariwell Project
EP448 Dariwell Project For personal use only Conventional mapped prospects are now subject to farmin discussions for the conventional Nita Formation rights in the Darriwell Project. Patterson Four high impact prospects all on trend with geochemical anomalies observed in tandem with structural integr
Slide 23: EP104 Trend
EP104 Trend For personal use only EP104 consists of nine graticular blocks both onshore and offshore with four currently mapped prospects. R1 Retention License consists of: the Point Torment-1 gas discovery the untested Stokes Bay-1 exploration well several other undrilled leads L15 Production Licen
Slide 24: EP104 Prospects
EP104 Prospects For personal use only Recently executed a Sale Agreement with Emerald Oil & Gas NL to acquire all Emerald’s Canning Basin interests in EP104 and Retention Lease R1. Completion obligations under Sale Agreement expected to be fulfilled shortly. EP104 Renewal Application has been lodged
Slide 25: R1 Prospects
R1 Prospects For personal use only Untested Anderson Formation gas pay in Point Torment-1 and in Stokes Bay-.1 Gas saturated deltaic Anderson Formation sands have previously exhibited having good porosity and permeability with natural flows observed at Point Torment-1 (~ 4 mmscf/d). Further up-dip o
Slide 26: R1 Prospects (Cont.)
R1 Prospects (Cont.) For personal use only 25
Slide 27: L15 Production License
L15 Production License For personal use only Small pool of oil in Anderson Formation on trend with Stokes Bay-1 and Point Torment-1. No work commitments on L15 due to it being a production license with several gas shows in deeper sands below oil pool untested. Key has highest equity position of 49%.
Slide 28: 2014 - Looking Ahead
2014 - Looking Ahead For personal use only The Company has ramped up its technical programs as it seeks to mature existing exploration projects Identify new opportunities in basins where the majority of capital costs can be farmed out Drill at least one exploration well in 2014 with further explorat
Slide 29: For personal use only
For personal use only For further information please contact Mr Ian Paton or Mr Kane Marshall +61 8 6389 0322 or commrelations@keypetroleum.com.au