Key Petroleum Limited · ASX:KEY
Key Petroleum — Shareholder Meeting (November 2016)
21 slides from Key Petroleum's shareholder meeting presentation, Nov 22, 2016
Slide 1: Annual General Meeting – Managing Director's Presentation
Annual General Meeting 22 November 2016 Managing Director’s Presentation
Slide 2: 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 3: Company Profile: Key Petroleum Ltd (ASX:KEY)
Company Profile: Key Petroleum Ltd (ASX:KEY) Board and Management Team Capital Structure Mr Kane Marshall (Managing Director) Share Price $0.004 Mr Rex Turkington (Non-Executive Chairman) Market Capital $3.59 million Ms Min Yang (Non-Executive Director) Cash (September 2016) $1.1 million Mr Dennis W
Slide 4: Peer Comparison – Perth & Canning Basin
Peer Comparison – Perth & Canning Basin Cash Reserves versus Quarterly Overhead $3,500,000 $850,000 $3,000,000 $750,000 Cash Per Last Quarterly Report Overhead Last Quarter $650,000 $2,500,000 $550,000 $2,000,000 $450,000 $1,500,000 $350,000 $1,000,000 $250,000 $500,000 $150,000 $- $50,000 TSV KEY U
Slide 5: Key Exploration Strategy
Key Exploration Strategy Acreage is strategically positioned close to ports and coastal towns in known oil and gas provinces: WA-481-P located close to Cliff Head Oilfield, Geraldton and Dongara EP437 prospects located 4-5 hour drive by truck from Kwinana Refinery EP104, R1, SPA 20 AO and L15 locate
Slide 6: 2016/17 Capital Market Factors
2016/17 Capital Market Factors A low bond yield environment has forced investors from low yielding bonds (deposits) into bond like equities with little appetite for speculative and high risk investments Many stocks lacking the tag of “yield play” have been overlooked as this macro-driven momentum di
Slide 7: ASX Oil Small Caps - Key Catalysts
ASX Oil Small Caps - Key Catalysts Continued Middle East (Syria and Yemen) and South China Sea tensions Recent resolution in US presidential election – Trump win and views on: US tax changes Stimulus: Increase in inflation and rally in equity markets Potential move from mutual funds, institutions an
Slide 8: Influence of Macro Economic Factors
Influence of Macro Economic Factors This time last year the outlook for all commodities was dire with tepid demand and a stumbling Chinese economy being factors significantly influencing the small capital end of the ASX With crude inventories increasing in 2016, the sell off and structural changes t
Slide 9: Australian Oil Supply
Australian Oil Supply Australia is one the world’s top economic exporters but stocks of liquid fuels are unhealthy and it relies on three non-producing oil nations for feedstock (Singapore, South Korea and Japan) which import oil from the Middle East Refinery closures (42% over three years) coupled
Slide 10: WA-481-P – Offshore Perth Basin Western Australia
WA-481-P – Offshore Perth Basin Western Australia Pilot Energy Limited 60% - Operator Key Petroleum Limited 40% Licence in year four, until August 2017 Current work program is G&G Year 5 work program - one well Year 6 work program - one well Many prospects and leads identified in preliminary review
Slide 11: Regional Overview
Regional Overview Exploration results from the previous joint venture on the Turtle Dove Ridge were the wells intersected tight reservoirs due to burial and minor hydrocarbon migration Exploration is now re-focussed on inshore updip (“inboard”) from the Abrolhos Sub- Basin Reservoirs are predominant
Slide 12: Frankland North Lead
Frankland North Lead Directly north of Frankland gas discovery Closure 1.7 km2 to -1,950 m above Frankland-2 well intersection Gross reservoir thickness of 42 m
Slide 13: Frankland North East-1 & 2 Leads
Frankland North East-1 & 2 Leads Both located north east of Frankland Frankland North East-1: Located to NE of Frankland gas discovery Elongate structure Closure 2 km2 Relief 160 m Crest 1,700 m Frankland North East-2: Elongate structure Closure 2.3 km2 Relief 100 m Crest 1,100 m Together with the F
Slide 14: South Cliff Head Area Leads
South Cliff Head Area Leads Located downdip of Cliff Head Oilfield on the migration route 2D seismic defined Large Closure 10.3 km2 east and smaller Closure 3.5 km2 to the east Undrilled area with more upside to be mapped south of producing field
Slide 15: EP437 – North Perth Basin, Western Australia
EP437 – North Perth Basin, Western Australia Technical review focused on Mount Michael Fault Mountain Bridge Fault prospectivity Wye-1 Location Demonstrated Asymmetric Dandaragan trough preferentially migrates hydrocarbons to the northwest Forward Plan Well pre-planning underway for Wye Knot-1 commi
Slide 16: Wye Knot Prospect
Wye Knot Prospect Current Wye Knot-1 well location Bookara target depth 648 m ~ 34 m down dip from Wye-1 Proven trap as defined by gas pay encountered at Wye-1 with Wye-1 Drill Stem Test #2 results showing obvious depletion indicating limited reservoir extent Well designed to test potential for a co
Slide 17: Becos Prospect
Becos Prospect Larger structure downdip of Wye Knot, currently finalising prospective resource estimates Becos Stratigraphic potential in greater area towards the east and Allanooka-1
Slide 18: Ganay Lead Area
Ganay Lead Area Updip Wattle Grove has oil shows in Permian Carynginia Ganay South further upside Further work being completed in conjunction with planning of drilling Wye Knot-1 for consideration of greater drilling campaign Bonniefield-1 Bookara-1 Wattle Grove-1 Updip Ganay South Wattle Grove Gana
Slide 19: R1, L15, SPA 20 AO & EP104 - Northern Canning Basin
R1, L15, SPA 20 AO & EP104 - Northern Canning Basin, Western Australia (Lennard Shelf) Prospectivity and Work Program Acreage on margins of underexplored basin along the Lennard Shelf adjacent to the Fitzroy Trough Proven discoveries in acreage – West Kora-1 (L15) and Point Torment-1 (R1) Play types
Slide 20: Looking Ahead to 2017
Looking Ahead to 2017 Drilling of the Wye Knot-1 Prospect in EP437 in 2017 – timing subject to regulatory approvals and adequate consultation with landowner Further maturity of prospects and leads in WA-481-P with a view to farming out Geochemical survey in EP104 and Airborne Survey in R1 and SPA 20
Slide 21: For further information please contact
For further information please contact Mr Kane Marshall Telephone: +61 (0) 8 6389 0322 www.keypetroleum.com.au