KEY 0.00% 0.1¢ key petroleum limited

Ann: Interim Financial Report to 31 December 2017, page-18

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  1. 15,831 Posts.
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    Could be anything coming with this one.
    " In addition to State level discussions, the Company is assessing the benefits of making application for the Federal
    Government Gas Acceleration Program (“GAP”) to facilitate the bid to fast track new east coast gas projects. This initiative
    is administered by the Department of Industry, Innovation and Science and is directed at projects that can secure new
    and significant gas volumes for domestic gas consumers located in target markets. Eligible activities can include:
     Deployment of new technologies or techniques to lift existing and new well productivity;
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    0 The opening of new gas pilot and/or production or exploration wells that are either in proximity to existing gasinfrastructure or can demonstrate a path to market;
     Better utilisation of existing, or the establishment of, new gas processing, storage and transport facilities; and
     Design, construction and engineering activities directly related to bringing forward new gas supply.
    The Company has also commenced preliminary assessment of nearby infrastructure and commercial offtake
    arrangements. Potential offtake routes and joint venture participation in drilling of conventional gas targets will be the
    focus of the next quarter as the title work program commitments are formalised
 
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