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An announcement from Key Petroleum Limited ( (AU:KEY) ) is now available.
Key Petroleum Limited has submitted eight Potential Commercial Area applications for its assets in the Cooper-Eromanga Basin, which have been accepted and are now under formal evaluation by the Queensland Department of Natural Resources and Mines. The company remains optimistic about securing PCA status, which would provide up to 15 years for further development. Additionally, Key Petroleum is exploring growth opportunities outside Australia, engaging in discussions with parties in established oil and gas regions to expand its portfolio. This strategy aims to balance the development of domestic assets with international growth, ensuring sustainable value creation for shareholders.
More about Key Petroleum Limited
Key Petroleum Limited operates in the oil and gas industry, focusing on exploration and development activities. The company primarily targets assets with potential for near-term cash flow in stable investment environments, with a significant focus on its holdings in the Cooper-Eromanga Basin, Queensland, Australia.
Average Trading Volume: 20,400
Technical Sentiment Signal: Sell
Current Market Cap: A$1.25M
For a thorough assessment of KEY stock, go to TipRanks’ Stock Analysis page.