Key Petroleum Ltd, through wholly owned subsidiary Key Cooper Basin Pty Ltd, is offering a farm-in opportunity in exploration permit ATP 924-P, located in the Cooper-Eromanga Basin.Â  Key is looking for a partner to fund two wells and make a cash consideration to cover back costs, in return for 50% interest in the permit.  Key reports that the permit has been outlined to have potential for Permian gas, with additional opportunity in Triassic and Jurassic units. The Barrolka field, which lies around 25 km south of the permit, has been outlined as an analogue field to potential hydrocarbon accumulations within ATP 924-P. Barrolka was discovered in 1976 and has been producing since 1999.Â  The primary reservoir is within the Permian Toolachee Formation.  Key reports that 3D seismic has defined a number of structures within the permit area.   ATP 924-P was awarded on 15 February 2013 and covers an area of 2,302 sq km.Â  Key acquired 100% interest from Beach Energy in November 2017, as well as in permits ATP 783-P and ATP 924-P.  Companies interested in this opportunity should contact:  Kane Marshall  Email: kmarshall@keypetroleum.com.au  Ric Jason  Email: rjason@keypetroleum.com.au  Tel: +61 (0) 8 9381 4322
Key Petroleum Ltd, through wholly owned subsidiary Key Cooper Basin Pty Ltd, is offering a farm-in opportunity in exploration permit ATP 924-P, located in the Cooper-Eromanga Basin.  