Key Petroleum Limited · ASX:KEY
Key Petroleum — PESA Deal Day 2017
25 slides from Key Petroleum's conference presentation, May 15, 2017
Slide 1: PESA Deal Day 2017
Level 2 47 Stirling Highway Nedlands WA 6009 T: + 61 (08) 6389 0322 F: + 61 (08) 6389 0697 14 May 2017 The Manager The Australian Securities Exchange The Announcements Officer Level 4/20 Bridge Street SYDNEY NSW 2000 PESA DEAL DAY 2017 Key Petroleum Ltd (“Key”) (ASX:KEY) hereby attaches copy of pres
Slide 2: Canning Basin Opportunity
Canning Basin Opportunity May 2017
Slide 3: Competent Person's Statement
Competent Person’s Statement Except where otherwise noted, information in this release related to exploration and production results and petroleum resources is based on information completed by Mr JL Kane Marshall who is an employee of Key Petroleum Limited. Mr Marshall is a Practising Petroleum Eng
Slide 4: Opportunity Summary
Opportunity Summary Long history of periodic exploration with only a few valid tests confirming hydrocarbon generation in all of Key Petroleum Limited’s (“Key”) areas, covering in excess of 1,100 square kilometres. Key reservoir de-risking hampered by poor data coverage and compromised explorati
Slide 5: Untested Potential – Proven Play Types
Untested Potential – Proven Play Types Multiple play concepts: Permian-Carboniferous and Devonian plays already discovered along trend to Blina including in R1 and L15. Large untested Devonian Carbonate plays in acreage. Frontier Upper Devonian source rock area located in the King Sound Embaym
Slide 6: NW Lennard Shelf Platform Margin
NW Lennard Shelf Platform Margin All wells drilled on Lennard Shelf trend have encountered hydrocarbon shows, with a number of discoveries - all drilled on 2D seismic data. (Point Torment-1, West Kora-1, Kora-1, Wattle-1, Blina Oilfield, West Terrace Oilfield and Boundary Oilfield). King Sound a
Slide 7: NW Lennard Shelf – Basin Regional Strike Line
NW Lennard Shelf – Basin Regional Strike Line High degree of variability recognised along Lennard Shelf – End Devonian/Tournasian drowning results in organic rich basinal shales (May River Formation) overlain by prograding carbonates (Yellowdrum Formation). Platform carbonates are deposited on t
Slide 8: Point Torment Well X-Section
Point Torment Well X-Section Map surface Marine Mbr Carboniferous deltas with much detrital plant debris Type II/III mixed source. Inspection shoes progradation as shown, with some channels. Anderson Formation contains 5- 6 significant deltaic cycles (upwards coarsening). Flat coastal plain with del
Slide 9: Anderson Formation (Base Red Beds) Depth Map
Anderson Formation (Base Red Beds) Depth Map Structural Nose - requires seismic Stokes Bay (R1) area of interest (next slide) R1 Piralko and SW Kora (L15) Piralko L15 SW Kora
Slide 10: R1 – Untested Potential
R1 – Untested Potential No flow testing on previously drilled Valentine-1, which was plugged back then sidetracked to drill Stokes Bay-1 where no seal is mapped at the objective Anderson Sands. Elevated hydrocarbon shows drilling Laurel Formation (below left) on Stokes Bay-1 as well shows throug
Slide 11: R1 – Exploration & Appraisal Upside
R1 – Exploration & Appraisal Upside Point Torment-1 discovery (below right) early 1990’s currently completed across three intervals with upper two intervals swabbing oil on last period of production testing after deepening. Productivity on extended well testing may have been impaired during prev
Slide 12: L15 – West Kora Oilfield Discovery
L15 – West Kora Oilfield Discovery Kora-1 modelled to be discrete oil pool to that of West Kora-1 with potential updip attic oil not produced. Base case West Kora oil reserves estimated to be 0.38 MMbbls with additional contingent resource of 0.12 MMbbls. Production Licence award pre-dates Nat
Slide 13: L15 – Exploration Upside
L15 – Exploration Upside Piralko prospect (right) - a low relief Anderson rollover along the Pinnacle Fault with potential for a Piralko Grant total of 2.1 MMbbls base case prospective resource. Additional stratigraphic upside identified at SW Kora (bottom right) with marine channel sand equival
Slide 14: EP104 – Untested Frontier Acreage
EP104 – Untested Frontier Acreage Significant breakthrough in the understanding of prospective reef Tournasian Sag trends along the Lennard Shelf. Reef features on this trend high graded by the identification of the largest undrilled structure in the Canning Basin, Black Rocks (below) with 200 m
Slide 15: EP104 – Devonian Reef Potential
EP104 – Devonian Reef Potential Black Rocks - Largest undrilled prospect on the northern margin of the Lennard Shelf and Canning Basin and one of the largest remaining undrilled prospects in Australia. Goodenough Black Rocks Nullara Equivalent (Near Top Devonian) Depth Map EP104 Stokes Bay-1 High re
Slide 16: EP104 – Black Rocks Prospect
EP104 – Black Rocks Prospect Upper to middle Devonian reef play located in King sound. Petroleum system significantly de-risked via: Partial reprocessing achieved excellent results with DHI anomaly over Black Rocks; Potential fields (gravity/magnetics) survey; Recent mapping identifies Lau
Slide 17: EP104 – King Sound Embayment
EP104 – King Sound Embayment Multiple periods of sediment bypass on northern margin. Clastic incision is more subtle but no less significant. Goodenough Grant Prospect Tournasian Clastic Bypass Anderson Anderson Marine Laurel Nullara/Clanmeyer Lehmann, P.R., 1986 Frasn/Famen Ordovician Mkr Saddl
Slide 18: EP104 – Saddleback Fan Play (Onshore)
EP104 – Saddleback Fan Play (Onshore) Possibility for onshore test of stratigraphic play. End Devonian/Basal Tournasian represents syn-tectonic inversion section, with ravinement on exposed margins (Blina and King Sound Embayment). Coast Updip from Puratte-1 where oil shows were observed in Ye
Slide 19: Onshore Shale Play in Key's Acreage
Onshore Shale Play in Key’s Acreage Thick Mississippian age shales intersected in Valentine-1. Shallower oil, deeper wet gas objectives. Focussed activity from adjacent operators. Laurel May River Shale - Primary objective: Thick, organic rich shale with thin sand and carbonate stringers.
Slide 20: Prospective Resources
Prospective Resources Structural Plays - Devonian Gross (100%) Net to Key Key Petroleum MMbbls MMbbls Permit Prospect Interest Fluid Low (1P) Best (2P) High (3P) Low (1P) Best (2P) High (3P) % Estimate Estimate Estimate Estimate Estimate Estimate EP104 Black Rocks 89.23 Oil 5.6 63.9 116.8 5.0 57.0 1
Slide 21: Prospective Resources
Prospective Resources Notes: 1. Prospective Resources are the estimated quantities of petroleum that may potentially be recovered by the application of a future development project(s) relate to undiscovered accumulations. These estimates have both an associated risk of discovery and development. Fur
Slide 22: Reserves and Contingent Resources
Reserves and Contingent Resources Reserves Gross (100%) Net to Key Key Petroleum MMbbls MMbbls Permit Prospect Interest Fluid Low (1P) Best (2P) High (3P) Low (1P) Best (2P) High (3P) % Estimate Estimate Estimate Estimate Estimate Estimate L15 West Kora 85.40 Oil 0.25 0.38 0.66 0.21 0.32 0.56 Contin
Slide 23: Reserves and Contingent Resources
Reserves and Contingent Resources Notes: 1. Reserve means commercially recoverable resources which have been justified for development, as defined in the SPE PRMS. 2. Contingent Resources are the estimated quantities of petroleum that may be potentially recoverable from known accumulations, but the
Slide 24: Investment Terms
Investment Terms Technical understanding developed over twenty years. Geological models have been de-risked with all subsequent field activities. Extensive Canning Basin experience – both operationally and technically. Assets represent low risk production and exploration opportunity. Equit
Slide 25: For further information please contact
For further information please contact Mr Ric Jason Telephone: +61 (0) 8 6389 0322 Email: rjason@keypetroleum.com.au Website: www.keypetroleum.com.au Follow Us On