Key's Perth Basin expansion

KEY Petroleum has bought a new block in the Perth Basin from AWE, further shoring up its position in the area after recently extending its reach into the Queensland section of the Cooper Basin.

Key's Perth Basin expansion  Key's Perth Basin expansion  Key's Perth Basin expansion  Key's Perth Basin expansion  Key's Perth Basin expansion

Location of L7 in the onshore Perth Basin including the known Mt Horner Oil Field and the mapped Becos prospect down-dip of Wye Knot that spills into L7.

Key has acquired the production license of L7 and AWE will give Key an upfront payment of $380,000 and reimbursement of rehabilitation costs of L7 of $1.9 million.

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