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Key Petroleum Limited (ASX:KEY)

ALERT: Price-sensitive ASX Announcement for KEY
Current share price for KEY : $0.095 -0.13 (-57.78%)+
Announcement
Release
29 Apr 2026 8:13AM
Price at Release
$0.225
Full Release
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Summary
Key Petroleum Limited's quarterly activities report for the period ending 31 March 2026 highlights ongoing efforts in the Cooper-Eromanga Basin, Queensland, with eight Potential Commercial Area applications under government consideration. The company completed a share placement, raising funds for working capital and project opportunities, and appointed Jujun Zhang as CEO to guide future development. The focus remains on securing PCA approval and managing financial positions to support operations. Additionally, the company is exploring opportunities in new energy sectors, particularly solar energy, while continuing to prioritize its existing oil and gas portfolio.
Key Points
  • Key Petroleum Limited advances interests in Cooper-Eromanga Basin.
  • Eight PCA applications are under government consideration.
  • Share placement completed, raising funds for working capital.
  • Jujun Zhang appointed as CEO, focusing on future development.
  • Securing PCA approval is a key priority for the company.
  • Exploring solar energy opportunities while focusing on oil and gas portfolio.
  • Managing financial position to support ongoing operations.
  • Potential capital management initiatives being assessed.
  • Company's activities are aligned with evolving policy frameworks.
  • Prepared to move forward with development plans upon PCA approval.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.