Ann: Capital Raising - Placement of Shares, page-7

From the Annual Report 2017...
Key has finalised a location for the drilling of Wye Knot-1 which will, in the coming year, test for a commercial oil leg below the previous Wye-1 discovery. Tendering for drilling and third-party services had commenced prior to the end of the review period. The Joint Venture has also received notification from the Department of Mines and Petroleum (“DMP”) that it was successful in its application for a $200,000 Exploration Incentive Scheme grant, which will be applied to the cost of drilling the well through Permian targets.

Not really that encouraging we are looking at some time next year.
With the recent discovery of oil at the Xanadu well in the Perth Basin and Beach Energy buying Origins Energy's assets in the Perth Basin there is no doubt the Perth Basin will become a hot spot.
KEY needs to be more proactive and get in before the others otherwise rig availability will be stretched and KEY may be waiting a long ime.
Let's go KEY make it happen and make it happpen soon
IMHO & DYOR