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Key Petroleum Limited (ASX:KEY)

ALERT: Price-sensitive ASX Announcement for KEY
Current share price for KEY : $0.091 -0.034 (-27.20%)+
Announcement
Release
24 Jul 2026 11:57AM
Price at Release
$0.125
Full Release
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Summary
Key Petroleum Limited's quarterly activities report for the period ended 30 June 2026 highlights ongoing efforts to secure Potential Commercial Area (PCA) applications for ATP 920 and ATP 924 in the Cooper Eromanga Basin, crucial for the company's strategic exploration and development activities. The company successfully completed two share placements in late April and early May 2026, raising capital to strengthen its financial position and support ongoing operations. Key Petroleum plans to engage with government authorities for PCA approval, convene its Annual General Meeting, and explore additional funding and petroleum acreage opportunities to enhance its project portfolio. The company maintains a disciplined approach to capital allocation and risk management while having A$239,339.31 in cash as of June 2026.
Key Points
  • PCA applications for ATP 920 and ATP 924 are a key focus.
  • Share placements raised capital for company operations.
  • Continued engagement with authorities for PCA approval.
  • Annual General Meeting planned for the next quarter.
  • Evaluation of new petroleum acreage and business opportunities.
  • Cash on hand at June 2026 end was A$239,339.31.
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.