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Key Petroleum Renews Cooper Eromanga Basin Permits

Source: www.gulfoilandgas.com 11/26/2019, Location: Not categorized

Key Cooper Basin Pty Ltd (“Key” or “Company”), a wholly owned subsidiary of Key Petroleum Limited (“KPL”), is pleased to advise that it has received formal confirmation from the Department of Natural Resources, Mines and Energy, Queensland that ATPs 920, 924 and 783 have all been renewed for four years to 2023. The relevant commitments for each ATP that need to be completed within the four year period include.

ATP 920
- Geological and geophysical reviews.
- 80 km magnetic survey (Year 3).
- 200 km 2D seismic survey (Year 3).
- Satellite imagery (visible imagery).
- Drill one well (year 4).
- Interpretation studies.

ATP 924
- Geological and geophysical reviews.
- 80 km magnetic survey (Year 3).
- 80 km 2D seismic survey (Year 3).
- Satellite imagery (visible imagery).
- Drill one well (Year 1).
- Drill one well (Year 4).
- Interpretation studies.

ATP 783
- Geological and geophysical reviews.
- 120 km 2D seismic survey (Year 3).
- Satellite imagery (visible imagery).
- Drill one well (Year 4).

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