Key Petroleum Limited · ASX:KEY
Key Petroleum — Investor Presentation (October 2007)
23 slides from Key Petroleum's investor presentation, Oct 17, 2007
Slide 1: Investors & Advisors Presentation
Key Petroleum Ltd For personal use only ABN 50 120 580 618 Investors & Advisors Presentation 18 & 19 October 2007 www.keypetroleum.com
Slide 2: Disclaimer
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 Ltd and consult with their own legal, tax, bu
Slide 3: Location of Key Petroleum's Projects
Location of Key Petroleum’s Projects For personal use only p Key
Slide 4: Fast Facts
Fast Facts FINANCIALS AUD Cash (on hand / deposits) $14 m * For personal use only Market Cap +/- $18 m Share Price 21 cents** Shares on issue 86 m Option Price 7 cents Options on issue 43 m * Plus Cash Calls for Nyuni JV - $4.12 m paid to date. ** as of 16/10/07 MILESTONES SINCE LISTING ONGOING PROJ
Slide 5: Tanzania: Why the drilling rig delay?
Tanzania Why the drilling rig delay ? For personal use only Rig Maintenance and Upgrade including Mud Pumps Generators Piping Electrical Drawworks and Technical problems while drilling SS #10 When do we now expect to get the rig ? Tentatively now being told 21 ~ 22nd October ’07, but await
Slide 6: Activity Schedule
Activity Schedule Schedule amended due to For personal use only • Tanzanian drilling rig delivery time slippage and • Changes to Group structure in Italy. Italy Suriname Key
Slide 7: Tanzania: Nyuni Block, Offshore Tanzania
Tanzania NYUNI BLOCK – OFFSHORE TANZANIA Key Petroleum earning 20% interest :- For personal use only • by paying 30% cost of 2 well programme, capped at US$15.4 M, thereafter 20% and • payment of 10% of operating cost for seismic acquisition (AFE US$2.5 M) (Completed)and • Issue of 2 million vendo
Slide 8: Activity in Tanzania - Gas
Activity Activity ininTanzania Tanzania - Gas Key has positioned itself into a prospective area directly next to the only producing gas field along the whole length of the east coast of Africa. For personal use only Interest in Tanzania's energy potential increasing with all the offshore areas tak
Slide 9: Activity in Tanzania - Gas: Kiliwani #1
Activity Activity ininTanzania Tanzania - Gas Key’s first well, Kiliwani #1, will test: For personal use only A potential GAS play, drilled into same reservoir that produces gas in the Songo Songo gas field. Well is less than 5 km from Songas plant on Songo Songo island Scheduled upgrade/exten
Slide 10: Activity in Tanzania - Oil: Kiliwani North
Activity Activity ininTanzania Tanzania - Oil Key’s second well, Kiliwani North, will test two structures : A potential OIL play, IMPORTANTLY drilled from Songo Songo island. For personal use only and The northern lobe of the Kiliwani GAS structure. Remember: Tanzania IMPORTS ALL of the oil co
Slide 11: Kiliwani Wells: Estimated Un-risked Potential - Recoverable Gas and Oil
Kiliwani Wells: Estimated Un-risked Potential - Recoverable Gas and Oil Kiliwani #1 (Gas) will test: Reservoir: Sandstones with moderate to good porosities Source: Close offset to Songo Songo Gas Field Seal: Overlying marine shales and claystones For personal use only Trap: Faulted anticline
Slide 12: Value Recognition - Gas
Value Recognition - Gas Current Pricing Regime (USD $): For personal use only (Price taken from Songo Songo gas field operators 2007 Q1 Interim report) Volumes Sold increases in last 12 months Gas sold to – Industrial 301 mmscf (31%) Gas sold to – Power 1,356 mmscf (99%) Price Obtained Average
Slide 13: Tanzania Well Locations
Tanzania Well Locations Tanzania; Drill Rig / Drilling Staff & Support Team Contracted For personal use only Access Road / Rig Site Preparation Completed Developed Two Drilling Prospects Songo Songo Producing Gas Kiliwani #1 Field Well Location Caroil #6 Rig Kiliwani North #1 Well Location Key
Slide 14: Kiliwani #1 Prospect Schematic Geological Section
Kiliwani #1 Prospect Schematic Geological Section For personal use only Songo Songo Producing Gas Field Drilling Location for Kiliwani #1 Key
Slide 15: Italian Petroleum Interests
Italian Petroleum Interests Onshore ~ Borsano ~100% • Close to Industrial City of Milan For personal use only • Prospective for both oil and gas Offshore ~ 100% Lampadusa x 2 Blocks ~ Bordering Tunisian Waters, Several mapped closures, Potential for 10 ~ 50 million bbls recoverable, 30 km SE from Ha
Slide 16: Italian Petroleum Interests
Italian Petroleum Interests For personal use only Elba South Po Valley Basin Lampedusa Mediterranean Basin West Sardinia Key
Slide 17: Po Valley Basin
Po Valley Basin Po Valley in the industrial north of Italy For personal use only Main gas production zone in Italy Italy imports about 90% of its gas requirements, mainly from Russia. Italy is the sixth or seventh biggest economy in the world Gas produced in Po Valley is high-quality. With
Slide 18: Borsano
For personal use only Borsano Key
Slide 19: Offshore Italy: Lampedusa, West Sardinia & Elba South
Offshore Italy Lampedusa, West Sardinia & Elba South For personal use only Obtain Seismic Work Up Prospects and Actively Seek Farmin Partners for Offshore Drilling Prospectivity of Lampedusa increased with Cairn Energy taking over MedOil. MedOil Tunisian permit is directly adjacent to Lampedusa
Slide 20: Suriname
For personal use only Suriname
Slide 21: Suriname
Suriname • Key Petroleum owns 1.75% free carried interest in 2 Blocks through For personal use only 25 exploration wells. • Partners are Staatsolie 60% (Govt.), Hardman 36.5% and Portsea Oil & Gas 3.5% (50% owned by Key Petroleum) • Low Cost, Low Risk onshore plays • Both blocks adjacent to Tambared
Slide 22: Board and Senior Management
Board and Senior Management Ted Ellyard 30 yrs + oil & gas experience Non-Executive Chairman Chairman / CEO of ASX / AIM companies Creator of shareholder wealth (e.g. Hardman Resources) For personal use only Ken Russell 30 yrs + international oil industry experience CEO / Managing Director
Slide 23: Summary
Summary: “Key” is maintaining its business focus with drilling commenced in South America and very shortly to commence in East Africa For personal use only Tanzania ~ 2 well drilling programme starting early 4th Qrt 2007 Italy ~ Establishing in country company structures Working up project