KEY 0.00% 0.1¢ key petroleum limited

game: spot the odd one out ?, page-108

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    Allyoops2'

    Heres a "repost" of info supplied above...in this thread

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    A bit more detail on Keys Ground in Canning. Key bought out 100% of Gulliver Productions from EGO (Empire) which had 5 licenses in the Canning Basin.

    The five Petroleum Permits held by Gulliver are:

    o Exploration Permit EP 104 (14.8% interest), located near Derby WA

    o Retention Licence RL 1 (14.8% interest), contains wells with untested or undeveloped oil and gas discoveries and is located adjacent and on trend to Buru’s Valhalla gas discovery.

    o Production Licence L 15 (49.0% interest), contains the West Kora oil field which has potential for recommencement of oil production following a workover to isolate water production in the well.

    o Exploration Permit EP 438 (76% interest, reducing to 20% upon completion of free carry). Buru is currently earning a 70% interest by sole funding expenditure of $3 million which includes a seismic survey and the drilling of an
    exploration well in 2012. Gulliver is therefore being free carried through an exciting exploration programme with large upside potential.

    o Exploration Permit EP 448 (70.0% interest). This permit is located in the southern part of the basin where other companies have committed large exploration programmes in the search for shale gas reserves.

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    Also see map at this link

    Click HERE for Canning Super Basin Exploration Permit MAp


 
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