Key Petroleum Limited · ASX:KEY

Key Petroleum — Investor Presentation (June 2010)

16 slides from Key Petroleum's investor presentation, Jun 28, 2010

  1. Slide 1: Investor Presentation June / July 2010

    For personal use only INVESTOR PRESENTATION June / July 2010 PRESENTATION 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 Petr

  2. Slide 2: Capital structure and core assets

    Shares on Issue 130,175,518 Share Price 7.3 c (23/06/2010) For personal use only Options Unlisted 5,000,000 @ 50c, 750,000 @ 20c - expiring on 30/11/2010 Market Cap Approx $10 Million (23/06/2010) Debt Nil Cash on Hand AUD$2.75 Million – plus oil production sales of approx $150 - $200k /month CORE A

  3. Slide 3: Activity summary by region

    United Kingdom Ongoing Production 80 BOPD Net to Key Preparations for drilling of horizontal development well For personal use only Lidsey #2 Tanzania Divestment process underway for Nyuni and West Songo Songo PSA areas Nyuni Joint Venture has agreed to drill Nyuni-2 Major international companies ta

  4. Slide 4: Opportunity in our own back yard: EP437

    But: Opportunity in For personal use only our own back yard EP437 Perth Basin 2 well drilling End Q3 / Q4 Shallow depth Potential for Oil Production of 400 BOPD Key to earn 45% by paying 60% , Capped Drilling Cost AUD$2.25 MM 4

  5. Slide 5: EP437 Regional Picture

    EP437 REGIONAL PICTURE  Kockatea Shale one of the best, oil prone Conder-1 marine source rocks identified in For personal use only Australia. Wye / Wye Knot  Kockatea sourced most oil and some gas Dibbler in North Perth Basin fields North Perth Basin Oil Cond Gas Dunnart Cumulative Prod 31-Dec-09

  6. Slide 6: North Perth Basin – EP437

    NORTH PERTH BASIN – EP437 Why ?  Has potential to add to Key’s share value: For personal use only “Dibbler” Prospect 7 cents a share “Dunnart” Prospect 3 cents a share Additional Prospects in permit  1 Year pay back with reasonable success  High quality reservoir at 300-700m depth  Opportunity t

  7. Slide 7: EP437 Farm-In Program

    EP437 FARM-IN PROGRAM What can it deliver?  Wells to be drilled using For personal use only either modified mineral rig, or water well rig, reducing  Q3/Q4 drilling drilling costs for shallow  “Dunnart” and “Dibbler” wells prospects, each economic on unrisked standalone basis  Potential payout 1

  8. Slide 8: Payback and Cumulative Cash Flow Charts

    PAYBACK AND CUMMULATIVE CASH FLOW CHARTS For personal use only Potential Dunnart Unrisked P10 (Net to KEY) Dibbler Unrisked P10 (Net to KEY) 400 20.0 250 10.0 350 200 8.0 300 15.0 250 150 6.0 BOPD $ MM BOPD $ MM 200 10.0 100 4.0 150 100 5.0 50 2.0 50 0 0.0 0 0.0 Cumm Cash Flow BOPD Cumm Cash Flow BO

  9. Slide 9: Follow the Spillchain

    Conder-1 Composite Log EP 437 Follow the Spillchain!! For personal use only Prospective Resource P90 P50 P10 Oil staining (Rec) MM bbl MM bbl MM bbl Unrisked Dibbler 0.14 0.36 0.56 Dunnart 0.20 0.40 0.95 4MMcfd on 3/4 “ 1.7MMcfd on 3/8”  Prospects reasonable constrained for onshore Dibbler  2D sei

  10. Slide 10: UK onshore production

    For personal use only  Acquired Q3 2009  Worked over one well  Currently ≈ 80 BOPD (with one well off line for maintenance)  Established, simple operations  Oil production revenue to Key Petroleum from day one  Approval process for drilling development well at Lidsey. Potential to add 200 – 40

  11. Slide 11: East African activity continues

    East African activity continues – For personal use only Offshore Tanzania – • Deepwater action : Petrobras, Shell, Exxon, Statoil, BG & Ophir Onshore Tanzania – • Ongoing drilling by Maurel & Prom and Tullow Northern Mozambique – • Anadarko 6 wells 2010 • 2/2 discoveries so far 11

  12. Slide 12: West Songo Songo and Nyuni PSA

    WEST SONGO SONGO NYUNI PSA For personal use only  50% Key & Operator  20% Key  1 Tcf undiscovered gas  Appraisal seismic shot over Kiliwani North gas  Tanzania gas market niche discovery (40 MMscfd) over next 4 years  Kiliwani North  Sheltered, shallow water, commercialisation simple developm

  13. Slide 13: Key in Italy

    BORSANO LICENCE (100%) KEY IN ITALY  Close to industrial City of Milan, For personal use only LAMPEDUSA, WEST SARDINIA & Po Valley ELBA SOUTH • Prospective for both oil and gas (100%) Borsano  Elba South (Progressing Exploration Status) Under-explored shelf, prospective for gas, close to major mar

  14. Slide 14: The Play: Pelagian Shelf

    THE PLAY For personal use only  Pelagian Shelf (7BBOE discovered off Tunisia & Libya - Oilsearch 2008)  Oil prone Cretaceous source rock  Italian Govt “take” <40%  Lampedusa unexplored since 1980’s oil price crash  Key has mapped original seismic data  Leads with unrisked mean STOIP up to 250M

  15. Slide 15: Suriname activity

    ACTIVITY: For personal use only Uitkijk – Statsolie announced 7 mm barrels estimated reserves Uitkijk  10 wells drilled - 2008/2009 Block 7 mm bbls est’d Coronie – Coronie Block 5 wells Q4 2009 Reserves  5 wells to be drilled, (now waiting on rig arrival)  Key Petroleum owns 1.75% free carried in

  16. Slide 16: Upcoming activity

    Onshore Southern England For personal use only  Optimisation and Development Drilling Programme. Drilling scheduled Q3/4 2010 Tanzania  Continue with divestment programme Italy  Finalize Lampedusa with Ministry of Economics and  North Perth Basin - drilling of 2 wells Q3/Q4 2010 16 www.keypetrol

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