Key Petroleum Limited · ASX:KEY
Key Petroleum — Investor Presentation (February 2020)
24 slides from Key Petroleum's investor presentation, Feb 3, 2020
Slide 1: Strategy Presentation
Suite 8, Churchill Court 331-335 Hay Street Subiaco WA 6008 T: + 61 (0) 8 9381 4322 F: + 61 (0) 8 9381 4455 3 February 2020 The Manager The Australian Securities Exchange The Announcements Office Level 4/20 Bridge Street SYDNEY NSW 2000 STRATEGY PRESENTATION Key Petroleum Limited attaches herewith a
Slide 2: Key Petroleum Limited 2020 Strategy Presentation
Key Petroleum Limited 2020 Strategy Presentation
Slide 3: Disclaimer and Competent Person's Statement
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: Overview
Overview
Slide 5: Company Profile
Company Profile Issued Capital Shares on Issue 1,711,241,849 Unlisted Options 25,500,000 Performance Rights 4,000,000 Market Cap ~AU$10.3 million Top 20 Shareholders 1,171,738,101 (~68.5%) Cooper Basin Stock Free Float ~30% Senior Management Perth Basin Rex Turkington Non-executive Chairman Kane Mar
Slide 6: Company Structure
Company Structure Oilfield Services • Civil Earthworks • Logistics Key Petroleum Services Pty Ltd • Transportation • Freight • Decommissioning • Drill Pad Preparation Key Petroleum Limited Onshore Perth Basin – Western Australia Key Petroleum (Australia) Pty Ltd Exploration Permit EP 437 (43.47% - O
Slide 7: 2019/20 Highlights
2019/20 Highlights ⧫ Operations recorded no Health and Safety Incidents or Environmental incidents ⧫ Completion of ATP 920 and Ace Area Farmout Agreement with Pancontinental Oil & Gas NL (“Pancon”) for drilling in the Cooper Basin ⧫ ATP 920, 924 and ATP 783 Primary Work Commitments completed and ren
Slide 8: Commodity Sentiment – Oil Bulls
Commodity Sentiment – Oil Bulls Improving Sentiment with Asset Managers - Anticipation of Shale production slowing Brent Price $USD ⧫ The robust fundamentals of the global oil market were pushing oil prices upward particularly since the signing of Phase 1 of the trade deal between the U.S. and China
Slide 9: Commodity – East Coast Gas Market of Australia
Commodity– East Coast Gas Market of Australia Niche Opportunities Exist ⧫ Impending gas shortages on the east coast of Australia are still expected to see future domestic gas prices heading towards LNG netback price equivalents ⧫ Accordingly the federal government and NSW have reached a $2 billion e
Slide 10: Commodities, Infrastructure and Key
Commodities, Infrastructure and Key Right Time, Right Place ⧫ The Bookara Shelf Oil Project is located 400 kilometres from Kwinana Refinery – clear pathway to monetise assets. ⧫ Offshore Perth Basin WA-481-P is an oily shallow water block with the renewal process underway - Red Emperor Resources has
Slide 11: Upstream Assets
Upstream Assets = at , "25
Slide 12: Cooper Eromanga Basin, Queensland – Meeba Project
Cooper Eromanga Basin, Queensland Meeba Project (ATP 920 and Northern Extent of ATP 924) Teddy ⧫ The Meeba Project comprises the drillable Ace Inland Oil Field Teevee 920 S Prospect and follow up prospectivity trending north Hobnob Jum bles Ace Delta 920 across to the Inland Oilfield. Granita Macron
Slide 13: Cooper Eromanga Basin, Queensland – Tanbar Gas Project
Cooper Eromanga Basin, Queensland Tanbar Gas Project (ATP 924) ⧫ Extensive flooding last year prevented Key from undertaking on ground preparatory works, however a Land Access Agreement for each of the Meeba and Tanbar Gas Projects has now been executed covering all exploration work for the renewed
Slide 14: Cooper Eromanga Basin, Queensland – Canaway Ridge Project
Cooper Eromanga Basin, Queensland Canaway Ridge Project (ATP 783) ⧫ Anomalous geochemical values have now been interpreted to be across the Chandos Updip Prospect which was previously identified on vintage 2D seismic. ⧫ The Chandos Updip Prospect appears to be a more robust structure compared to Cha
Slide 15: Perth Basin, Western Australia – Bookara Shelf Project
Perth Basin, Western Australia Bookara Shelf Project (WA 481-P, EP 437 and L7) ⧫ The Wye Knot-1 exploration and appraisal well in EP 437 is designed to appraise the oil rim potential down-dip of the Wye-1 gas cap discovery and the oil potential of the deeper Permian High Cliff Formation. ⧫ Regulator
Slide 16: Perth Basin, Western Australia – Bookara Shelf Project cont'd
Perth Basin, Western Australia Bookara Shelf Project (EP 437 and L7) cont’d ⧫ L7 Mount Horner Farmout Agreement in place with a subsidiary of Triangle (Global) Energy Limited for the drilling of two wells and a minimum 50 square kilometre seismic survey. ⧫ EP 437 Gross Prospective Resources5 (un-ris
Slide 17: Business Development
Business Development
Slide 18: Key Services
Key Services Growing Oilfield Services Capability ⧫ Rehabilitation activities in the Perth Basin have progressed well with flowline removal completed at Mount Horner and disturbed areas fully rehabilitated. Key has developed low impact and safe process for removing oilfield flowlines, disposal and r
Slide 19: Key Services
Key Services Rapidly Expanding Business ⧫ Completed work for other clients including remote areas. ⧫ Civil earthworks capability increased to include work for drilling pad preparation, decommissioning and transportation services. ⧫ Camp and logistics capabilities proven with scope to increase camp i
Slide 20: 2020 Outlook
2020 Outlook
Slide 21: Catalysts
Catalysts ⧫ High Cliff and Kingia Drilling in Perth Basin – Well Management Plan approved by Regulator and awaiting final Safety and Environmental approvals ⧫ Rig contract for Perth Basin Programme ⧫ Drilling of Wye Knot-1 and potentially Parce-1 in one Perth Basin Programme ⧫ Formalising rig contra
Slide 22: For further information please contact
For further information please contact Mr JL Kane Marshall Telephone: +61 (0) 8 9381 4322 Email: investors@keypetroleum.com.au Updated Website: www.keypetroleum.com.au
Slide 23: Prospective Resources
Prospective Resources Notes: 1. Prospective Resources are the estimated quantities of petroleum that may potentially be recovered by the application of a future development project(s) and relate to undiscovered accumulations. These estimates have both an associated risk of discovery and development.
Slide 24: Contingent Resources
Contingent Resources Notes: 1. Contingent Resources are the estimated quantities of petroleum that may be potentially recoverable from known accumulations, but the applied project(s) are not yet considered mature enough for commercial development due to one or more contingencies. One of these contin
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