Key Petroleum Limited · ASX:KEY
Key Petroleum — Shareholder Meeting (November 2007)
17 slides from Key Petroleum's shareholder meeting presentation, Nov 29, 2007
Slide 1: Key Petroleum Ltd 2007 Annual General Meeting
Key Petroleum Ltd 2007 Annual General Meeting For personal use only Presentation by Ken Russell Managing Director / CEO 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 For personal use only Cash (on hand / deposits) $13.5 m Market Cap +/- $21.5 m Share Price 25 cents Shares on issue 86 m Option Price 7.5 cents Options on issue 43 m Cash Calls for Nyuni JV paid to date. $5.00 m Prices as of 28/11/07 TANZANIAN MILESTONES SINCE LISTING IN AP
Slide 5: Tanzania - Nyuni Block, Offshore Tanzania
Tanzania NYUNI BLOCK – OFFSHORE TANZANIA For personal use only Key Petroleum earning 20% interest :- • 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 6: 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 7: Activity in Tanzania - Gas
Activity Activity ininTanzania Tanzania - Gas Key’s first well, Kiliwani #1, is being drilled to 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 Schedule
Slide 8: Activity in Tanzania - Oil
Activity Activity ininTanzania Tanzania - Oil Key’s second well, Kiliwani North, will test two structures : For personal use only A potential OIL play, IMPORTANTLY drilled from Songo Songo island. and The northern lobe of the Kiliwani GAS structure. Remember: Tanzania IMPORTS ALL of the oil co
Slide 9: 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 For personal use only Seal: Overlying marine shales and claystones Trap: Faulted anticline
Slide 10: Value Recognition - Gas
Value Recognition - Gas Current Pricing Regime (USD $): For personal use only (Note: 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 A
Slide 11: 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 12: Italian Petroleum Interests
Italian Petroleum Interests Onshore ~ Borsano ~100% For personal use only • Close to Industrial City of Milan • 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 13: Po Valley Basin
Po Valley Basin Po Valley in the industrial north of Italy Main gas production zone in Italy For personal use only 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. Wit
Slide 14: 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 15: Suriname
For personal use only Suriname Key
Slide 16: Suriname
Suriname • Key Petroleum owns 1.75% free For personal use only carried interest in 2 Blocks through 25 exploration wells. • Participants are Paradise Oil 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 Ta
Slide 17: Summary
Summary: “Key Key” is maintaining its business focus with drilling commenced in South America and in East Africa For personal use only Tanzania ~ 2 well drilling programme starting 4th Qrt 2007 Italy ~ Establishing in country company structures Working up projects Reviewing additional in