Ann: Key Expands Perth Basin Portfolio, page-2

Getting interesting. Explains all the buying, or part of it. Maybe
more to come?

"Agreement of Binding Terms for the Acquisition of L7 (R1), Onshore Perth Basin with an Option to Farm Out WA-481-P, Offshore Perth Basin to AWE Perth Pty Ltd We attach herewith an ASX Announcement for Investors pertaining to the agreement of binding terms between Key Petroleum (Australia) Pty Ltd and AWE Perth Pty Ltd (“AWE”), which is the first step towards Key’s acquisition of Production Licence L7, containing the Mount Horner Oil Field in the onshore Perth Basin, together with a 12 month Option Agreement for AWE to earn 50% of Key Petroleum Limited’s 40% equity interest in offshore Perth Basin permit WA-481-P.