Suite 3, Churchill Court
331-335 Hay Street
Subiaco WA 6008
T: + 61 (0) 8 9381 4322
F: + 61 (0) 8 9381 4455
22 November 2018
The Manager
The Australian Securities Exchange The Announcements Office
Level 4/20 Bridge Street SYDNEY NSW 2000
BOOKARA SHELF OIL PROJECT, NORTH PERTH BASIN - MAIDEN RESOURCE PRESENTATION
Key Petroleum Limited attaches herewith ASX presentation pertaining to the Bookara Shelf Oil Project, its maiden resource summary and its similarities with Australia's most productive onshore oil trend, the Western Flank in the
Cooper Basin, South Australia.
Regards
IAN GREGORY
Company Secretary Key Petroleum Limited Telephone: +61 (0) 8 9381 4322
Email:investors@keypetroleum.com.au
The Bookara Shelf, Perth Basin Northern "Flank" Oil Play
22 November 2018
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 advisors in connection with any acquisition of securities.
The information contained in this presentation has been prepared in good faith by Key Petroleum Ltd. However, no representation or warranty, expressed or implied, is made as to the accuracy, correctness, completeness or adequacy of any statement, estimates, opinions or other information contained in this presentation.
Certain information in this presentation refers to the intentions of Key Petroleum Ltd, but these are not intended to be forecasts, forward looking statements, or statements about future matters for the purposes of the Corporations Act or any other applicable law. The occurrence of events in the future are subject to risks, uncertainties, and other factors that may cause Key Petroleum Ltd's actual results, performance or achievements to differ from those referred to in this presentation. Accordingly, Key Petroleum Ltd, its directors, officers, employees and agents do not give any assurance or guarantee that the occurrence of events referred to in this presentation will occur as contemplated.
Competent Person's Statement
Except where otherwise noted, information in this release related to exploration and production results and petroleum resources is based on information completed by Mr JL Kane Marshall who is an employee of Key Petroleum Limited and is a qualified petroleum reserves and resources evaluator. Resources reported in this presentation are based on representative information and supporting documentation. Mr Marshall is a Practising Petroleum Engineer and Petroleum Geologist and holds a BSc (Geology), a BCom (Investment and Corporate Finance) and a Masters in Petroleum Engineering. He is a member of the Society of Petroleum Engineers (SPE), American Association of Petroleum Geologists (AAPG), The Geophysical Society of Houston (GSH), Petroleum Exploration Society of Great Britain (PESGB), Formation Evaluation Society of Australia (FESAus) and Society of Petrophysicists and Well Log Analysts (SPWLA) and has over 15 years of relevant experience. Mr Marshall consents to the inclusion of the information in this document.
A New "Western Flank" Type Oil Province
The Bookara Shelf, Perth Basin, is highlighted for its potential to be a new oil province, drawing similarities to the Western Flank of the Cooper-Eromanga Basin
The Western Flank is a major Australian onshore oil producing region which has largely driven the growth of Senex, Beach and Santos
The Bookara Shelf is ideally situated to capture oil migrating from the gas charged basin centre, similar to the Cooper Basin's Western Flank
The Bookara Shelf includes EP 437 and the Mount Horner Oil Field (L7) which has produced from the same age Jurassic reservoirs, as the Western Flank
WAITSIA
SENECIODONGARA
MT HORNER
Western Flankoil migration focus
Cooper-Eromanga
Cooper Basin Western Flank, Senex Energy David Spring, 30 November 2017
Petroleum System Similarities
Mature gas charged depo-centres encourage oil migration out onto the basin flank - natural hydrocarbon fractionation occurs in most basins due to the higher temperatures within deeper source 'kitchens'
Modern 3D seismic data was a game changer in the Cooper-Eromanga by enabling the de-risking of complex geology - reservoir distribution
Mount Horner has recovered oil from at least five different levels throughout Permo/Triassic and Jurassic intervals
The main producing intervals of fields in the Perth Basin are deeper than the 'F Sand' at Mount Horner
The L7 licence therefore retains significant untapped oil potential
WAITSIA
SENECIODONGARA
MT HORNER
Source: Cooper Basin Western Flank, Senex Energy - David Spring, 30 November 2017
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Triangle Energy (Global) Limited published this content on 22 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 November 2018 02:20:03 UTC