Key Petroleum Limited · ASX:KEY
Key Petroleum — Shareholder Meeting (November 2017)
31 slides from Key Petroleum's shareholder meeting presentation, Nov 24, 2017
Slide 1: Annual General Meeting 2017 – Managing Directors Overview
Level 2 47 Stirling Highway Nedlands WA 6009 T: + 61 (08) 6389 0322 F: + 61 (08) 6389 0697 24 November 2017 The Manager The Australian Securities Exchange The Announcements Officer Level 4/20 Bridge Street SYDNEY NSW 2000 Dear Sir ANNUAL GENERAL MEETING 2017 – MANAGING DIRECTORS OVERVIEW We attach h
Slide 2: Annual General Meeting Managing Director's Presentation
Annual General Meeting 24 November 2017 Managing Director’s Presentation
Slide 3: 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 4: Corporate and Market Overview
Corporate and Market Overview
Slide 5: Current Oil Market Fundamentals
Current Oil Market Fundamentals Many market analysts have underestimated the continuing strong demand for oil, particularly from China, India, the US and Europe (forecast for 100 MMbbls per day has recently been brought forward from future years forecasts). Demand for oil may slow from circa 202
Slide 6: Impact of US Shale to Supply
Impact of US Shale to Supply US shale oil production is perceived as the major source of supply by the IEA. There is concern in the market that increased oil prices will create an over supply of oil outpacing demand US stockpiles continue to decline with revisions having been made to non-OPEC
Slide 7: Additional Supply and Geopolitical Influences
Additional Supply and Geopolitical Influences Venezuela's state oil company, PDVSA, is in default and is struggling to meet OPEC quotas. Potential impasse between Russia and OPEC over cuts. The possibility that rising tensions could close the Strait of Hormuz, through which approximately a fif
Slide 8: Australian Focused Assets
Australian Focused Assets Key holds strategic acreage positions in under explored fairways of proven basins: South-west Cooper Eromanga Basin, Queensland after the Canning Basin recent acquisition of ATP 783, ATP 920 and ATP 924. North Perth Basin, Western Australia with offshore Cooper Basi
Slide 9: Key Resource Summary
Key Resource Summary Key % Hydroca rbon Gross Prospective Gross Net Prospective Net Permit Loca tion Gross Reserves Net Reserves Interest Type Resources Contingent Resources Contingent Low Ba se High Low Ba se High Low Ba se High Low Ba se High Low Ba se High Low Ba se High ATP 783 Cooper Basin 100
Slide 10: Relevance of Commodity Markets - Key Strategy
Relevance of Commodity Markets - Key Strategy General Observation that turnaround time for acquisition of new assets is a 12-18 month process: Internal corporate divestment process is lengthy; and Title matters such as native title, compliance and land access also takes time. Acquisition of
Slide 11: Asset Portfolio
Y* perRoveum Uimiteo Asset Portfolio ©90000
Slide 12: Cooper Eromanga Basin Portfolio
Cooper Eromanga Basin Portfolio Three ATPs over recognised under explored oil and gas fairways. ATP 924 contains two new 3D seismic surveys that significantly lower prospectivity risk. Original work program was focused on traditional oil plays at the Jurassic level. Key’s revised work progra
Slide 13: Northern Cooper Eromanga Basin
Northern Cooper Eromanga Basin ATP 920 & ATP 924 ATP 920 and ATP 924 overlie the north-eastern edge of the Jurassic to Cretaceous Eromanga Basin and the northern edge of the Permian to Triassic Cooper Basin. Multiple play types are Jurassic oil, and Triassic and Permian gas. Nearby Marengo, Ba
Slide 14: Permian Gas Fairway
Permian Gas Fairway PETROLEUM LIMITED Maroochydore 1 oes Gilpeppe 2 Marengo South 1 Whanto 1 defined Permian channels structural closures. South complex! Multiple untested closures: >130 km2 sum total structural closures in play fairway. 3D 30-40 km2 structural closure in Marengo Arahat RMN: NaN iN
Slide 15: ATP 924 Preliminary Gas Prospectivity Review
ATP 924 Preliminary Gas Prospectivity Review (Toolachee Mapping) Permian Channels Defined on Hurron 3D Gilpeppee Anticline Marengo Fairway Not Gas Field Fully Defined Marengo South Complex Toolache Depth Map Leads on Barolka Trend
Slide 16: Eastern Cooper Eromanga Basin
Eastern Cooper Eromanga Basin ATP 783 ATP 783 overlies the Jurassic to Cretaceous Eromanga Basin and Permian to Triassic Cooper Basin. Oil recovered on test from four local wells being Earlstoun-1, Chandos-1, Cumbroo-1, Cooloo-1. Near commercial oil fields include Byrock (12km south west), Bar
Slide 17: Cooper Eromanga - Field Work
Cooper Eromanga - Field Work Key Petroleum Services Pty Ltd, a wholly owned subsidiary of Key Petroleum Limited, recently undertook remote environmental rehabilitation assessment works over recently acquired seismic surveys (right). These activities were operationally based out of Ballera Gas Fi
Slide 18: Perth Basin Portfolio Summary
Perth Basin Portfolio Summary EP437 – Key 43% Situated in the North Perth Basin Greenough Shelf margin, adjacent to the prolific Allanooka and Dongara Terraces and Dandaragan Trough, located up-dip along the active migration pathway of the Dongara Oil and Gas Field and Waitsia Gas. L7 (R1) Acquisi
Slide 19: WA – 481-P
WA – 481-P Located directly adjacent to the producing Cliff Head Oil Field. Work program varied for seismic reprocessing in Year 5 and Geology and Geophysics in Year 6. The Joint Venture is currently finalising budgets and concluding contractor arrangements for seismic reprocessing. 13 prosp
Slide 20: EP437 - Wye Knot Prospect
EP437 - Wye Knot Prospect Preparations are under way for the drilling of the Wye Knot-1 prospect in 2018 over an oil leg situated below the 1996 Wye-1 discovery. Wye Knot-1 Wye-1 Predicted gas/oil contact Wye Knot-1 Proposed Triassic Prospective Resource Gross (100%) MMbbls Net to Key MMbbls Prospec
Slide 21: L7 (R1) Mount Horner Acquisition
L7 (R1) Mount Horner Acquisition Located in the under explored northern margin of the Perth Basin with proven hydrocarbon traps (Wye and Mount Horner). Infill and near field oil potential at multiple levels. Mount Horner Schematic Section Mount Horner-9 Production Well AWE ‘F Sand’ Map
Slide 22: EP437/L7 (R1) Mount Horner Strategy
EP437/L7 (R1) Mount Horner Strategy Assessment indicated near field potential including near wells that have recovered oil (Mount Horner-1 and 3). A review of mapping in EP437 suggested the large Becos lead spills into L7. Additional oil resource could be commercialised via export to other inf
Slide 23: Preparations for 2018 Perth Basin Activities
Preparations for 2018 Perth Basin Activities Key Petroleum Services Pty Ltd Demobilisation of earthworks equipment after Canning Basin care and Key vehicles demobilise from Kimberley after work season and service and maintenance activities maintenance complete for Perth Basin logistics support Upgra
Slide 24: Canning Basin Portfolio
Canning Basin Portfolio EP104 – 89%, L15 – 85% and R1 – 85% All permits within the trend are operated by Key with airborne survey work to de-risk remaining prospectivity to occur in the second half of 2017. Several prospects have been interpreted from vintage 2D seismic data and current mapping
Slide 25: Canning Basin – Exploration Program 2017/2018
Canning Basin – Exploration Program 2017/2018 EP104 – 89% Access approval is being finalised for the Saddleback Geochemical Survey, located on existing roads, to test for hydrocarbon anomalies within the onshore portion of a potentially large stratigraphic play. This is currently planned for 2018.
Slide 26: R1 – AEM PTP Preliminary Results
R1 – AEM PTP Preliminary Results The survey is designed to test the extent of any known hydrocarbon pools and identify any anomalies which could be representative of seepage of hydrocarbons. Preliminary results at various frequencies highlight AEM anomalies centred over the Stokes Bay-2 proposed
Slide 27: Canning Basin and Carnarvon Basin Field Work
Canning Basin and Carnarvon Basin Field Work Key Petroleum Services staff and contractors assisted with environmental assessment field work in the Stokes Bay-1 and Point Torment-1 areas (left). These assessments will be used to formulate plans for remedial Canning Basin field work in 2018. The
Slide 28: Canning Basin and Carnarvon Basin Field Work (cont'd)
Canning Basin and Carnarvon Basin Field Work (cont’d) Key Petroleum Services undertook a review of access to the Stokes Bay-1 and Point Torment-1 well pad areas, including an assessment of any requirement for an upgrade to the causeways (top right). Operational and logistics support was provided
Slide 29: 2018 Outlook
Y* perRoveum Uimiteo 2018 Outlook ©90000
Slide 30: Exploration and Development Outlook
Exploration and Development Outlook Key is the only junior ASX listed oil explorer with positions in three sedimentary basins. The recent acquisition of new assets was achieved by Key with minimal capital outlay. Upon issue of title Key will commence rehabilitation activities on L7 and identif
Slide 31: For further information please contact
For further information please contact Mr JL Kane Marshall Telephone: +61 (0) 8 6389 0322 Email: kmarshall@keypetroleum.com.au Updated Website: www.keypetroleum.com.au Follow Us On