Key Petroleum Limited (ASX:KEY)
Key Petroleum Limited (ASX:KEY) is an Australian oil and gas company strategically focussed on pursuing conventional exploration programs in the Cooper Eromanga and North Perth Basins in Australia.
The Company has high equity positions and operatorship over the majority of its permit portfolio, with a board and management team focused on exploration programs located near infrastructure and markets for discovered oil and gas.
Key Petroleum’s asset holdings in the Cooper Eromanga Basin in Queensland are located between the Inland and Cook/Cuisinier Oil Fields, with the eastern assets located just north of the Eromanga Oil Refinery.
The Company's North Perth Basin onshore assets in Western Australia include operator of EP437, which contains the Wye-1 gas discovery on trend from the Yardarino and Dongara Gas Fields. The Company has also identified several prospects within the area in preparation for future drilling campaigns.
Finally, the Company has the onshore Production Licence L7, located adjacent and to the east of EP437. L7 contains the Mount Horner Oilfield and Production Facility. L7 contains a proven producible oil pool and material exploration upside with newly identified prospectivity along trend from the Mount Horner Oilfield.