Key Petroleum Limited · ASX:KEY
Key Petroleum — Shareholder Meeting (November 2014)
27 slides from Key Petroleum's shareholder meeting presentation, Nov 20, 2014
Slide 1: ASX cover letter: AGM 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 20 November 2014 The Manager The Australian Securities Exchange The Announcements Officer Level 4/20 Bridge Street SYDNEY NSW 2000 Dear Sir ANNUAL GENERAL MEETING – MANAGING DIRECTOR
Slide 2: Managing Director's Overview 20 November 2014
Ground Floor 39 Stirling Highway Nedlands WA 6009 T: + 61 (08) 6389 0322 F: + 61 (08) 6389 0697 For personal use only Managing Director’s Overview 20 November 2014 Kane Marshall
Slide 3: Disclaimer and Competent Person's Statement
Disclaimer and Competent Person’s Statement Disclaimer For personal use only 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 Managing Director Mr Kane Marshall Petroleum Engineer BSc (Geology), BCom (Corp. Finance) & MPetEng Non- Executive Chairman Mr Rex Turkington BCom(Hons), BCA, GAICD, AAFSI, ADA1 (ASX) Non-Executive Director Mr Dennis Wilkins Accountant BBus, ACIS, AICD Non-
Slide 5: Company Overview
Company Overview Key Petroleum Ltd (“Key”) 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. Shares on Issue 567,42
Slide 6: Share Price Movement
Share Price Movement – 6 Months For personal use only Key Petroleum Limited ASX 200 - Energy Sector
Slide 7: Highlights 2013/2014
Highlights 2013/2014 Acquisition of participating interests in EP104 and R1 For personal use only Perth Basin Exploration Permit EP437 – Key assumes operatorship Completion of Curtly Geochemical Survey over Canning Basin Permit EP448 Preferred Bidder for Canning Basin Application Area L12-10 in sout
Slide 8: Current Outlook and Strategic Focus
Current Outlook and Strategic Focus Execute operated exploration activities in EP437 and R1 For personal use only Strategically positioned acreage is close to ports and coastal towns in known oil and gas provinces Dunnart, Wye Knot and Conder South prospects located 4-5 hour drive by truck from Kwin
Slide 9: Exploration Permit EP437 – Perth Basin, Western Australia
Exploration Permit EP437 – Perth Basin, Western Australia Highlights For personal use only Farmout of EP437 to Rey Resources Limited with Key retaining an equity position of 43.47% Successful drilling of Dunnart-2 Commitment Well without incident and under budget Live oil shows encountered in Bookar
Slide 10: EP437 Dunnart-2 Drilling Operations
EP437 Dunnart-2 Drilling Operations For personal use only
Slide 11: EP437 – Dunnart-2 Results
EP437 – Dunnart-2 Results Results to Date For personal use only Drilling into top of Bookara sandstone resulted in visual oil in cuttings (right) over shale shakers with distinct ‘crude odour’ Top Bookara Sandstone is interpreted to be excellent reservoir quality with 20% porosity or more consistent
Slide 12: EP437 – Production Testing
EP437 – Production Testing Planning For personal use only Planning is underway for testing through a completion string with pressure gauges to gain information about reservoir quality Completion string to be designed to have flexibility for future artificial lift installation (pumping) if any extend
Slide 13: EP437 – Prospects
EP437 – Prospects Wye Knot Prospect For personal use only Three way dip closed anticline with fault seal and located approximately 10 kilometres west of Mount Horner oilfield and up-dip from Dongara Oil and Gas Field Has best estimate prospective resources of 5 million barrels Drilling of Wye Knot-1
Slide 14: EP437 – Wye Knot Prospect
EP437 – Wye Knot Prospect For personal use only Top Bookara aerial closure Seismic cross section running south to north Wye-1 discovery well logs
Slide 15: EP437 – Conder South Prospect
EP437 – Conder South Prospect For personal use only Seismic cross section running south to north, including proposed Conder South-1 well Top Bookara Formation depth map – Conder South (circled in red) Top Bookara Sandstone contours, Conder South-1 to Conder-1
Slide 16: Exploration Permit EP448 and Application Area L12-10
Exploration Permit EP448 and Application Area L12-10 Canning Basin, Western Australia Highlights For personal use only Completion of 200 square kilometre geochemical soil survey without incident and under budget Identification of high propane anomalies where little seismic defines leads in Darriwell
Slide 17: EP448 Curtly Geochemical Survey
EP448 Curtly Geochemical Survey For personal use only
Slide 18: EP448 Flora and Fauna Survey
EP448 Flora and Fauna Survey For personal use only
Slide 19: EP448 - Prospects
EP448 - Prospects For personal use only Magnetic regional map showing location of EP448 and L12-10 Locations of Griffith and Paterson prospects Regional Key geological model showing oil source from trough area into Darriwell project area
Slide 20: EP448 – Griffith Prospect
EP448 – Griffith Prospect For personal use only Regional cross section from Griffith feature (left) through to discovery wells (right) including Leo-1, Cudalgarra-1 and Great Sandy-1 Proposed Griffith-1 well into Griffith structure Area closure sizes for Griffith prospect
Slide 21: EP448 – Paterson Prospect
EP448 – Paterson Prospect For personal use only Zoomed in section at Paterson area though to Dariwell-1 Seismic line from Patterson to Great Sandy-1 discovery Area closure sizes for Patterson and Patterson West
Slide 22: EP104, Retention Lease R1 and Production Licence L15
Exploration Permit EP104, Retention Lease R1 and Production Licence L15 - Canning Basin, Western Australia Highlights For personal use only EP104 Permit Interest Key Petroleum Limited 53.97% Evaluated well intervention options in Point Torment-1 and Pancontinental Oil & Gas NL 19.59% Stokes Bay-1 FA
Slide 23: EP104, R1 and L15 Prospects
EP104, R1 and L15 Prospects For personal use only The original causeway at Stokes Bay-1 across tidal flats Location of EP104, R1 and L15 West Kora-1 Production Facilities
Slide 24: R1 – Point Torment
R1 – Point Torment For personal use only Deltaic C Sand 2025.40-2029.66m Net Pay 2.74m Average Porosity 12.2 Shows in well – not tested Point Torment-1 geological model Deltaic B Sand 2043.10-2057.40m Net Pay 13.90m Average Porosity 12.5 Oil shows in well, not tested, possible oil flow zone duri
Slide 25: R1 – Stokes Bay
R1 – Stokes Bay For personal use only Seismic Line F84A-932 Viewing north (left) to south (right) the wells in the Lennard Shelf trend that have had either oil and gas shows or flowed hydrocarbons to surface Valentine-1 and stokes bay-1 wellbores on seismic line F84-932
Slide 26: 2014/2015 - Looking Ahead
2014/2015 - Looking Ahead Company continues to be active in new venture evaluation as it seeks For personal use only ‘third limb’ assets to portfolio Technical evaluations on all assets are being concluded and planning of operational activities in 2015 is underway after the fire season in the Perth
Slide 27: Further information contact
For personal use only For further information please contact Mr Rex Turkington or Mr Kane Marshall +61 8 6389 0322