Ann: Cooper Basin Exploration Update, page-2

Worth a read. Potential here IMHO.
"  Key Petroleum’s strategy is driven by
technical strengths and commercial
competencies.
 Cooper Eromanga Basin is Australia’s most
prolific hydrocarbon producing basin (new
theme and geography).
 All licence areas equate to 1.67 million
acres – largest of junior companies listed on
ASX.
 Seeking to replicate success of other
companies with organic growth in the
Cooper Basin.
The recent removal of the fracking ban in the Northern Territory, it likely to see more gas supplied from these
projects longer term. Key considers that in the event of a near term discovery, any opportunity in ATPs 920 and 924
for commercial development will be ahead of any Northern Territory potential supply. This is principally due to the
conventional Permian leads, with existing 3D seismic and short tie back distances into infrastructure, being
significantly lower risk when compared to more remote and capitally intensive unconventional resource plays.
The Company is currently in discussions with third parties for potential investment to fast track drilling of these
opportunities in the second half of 2018. Additionally, Key has been working with the Department of State
Development in Queensland on proposed tie back routes from these preliminary mapped areas.
In terms of rig availability, the Company has identified rigs that are available in the second half of the 2018 and in
parallel will await results from Real Energy Limited’s basin centred gas exploration program in the adjacent acreage
to update its geological model and refine drilling targets. Real Energy Limited will be drilling into the same Permian
sequence Key has identified in ATPs 920 and 924.