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Key Petroleum Advances PCA Applications Amid Tight Cash Position
6:07pm on Friday 24th of January, 2025 AEDT
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Oil and Gas
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Key Petroleum Advances PCA Applications Amid Tight Cash Position
6:07pm on Friday 24th of January, 2025 AEDT
Key Points
PCA applications submitted for ATP 920 and ATP 924 by February 2025 deadline
Confirmed recoverable oil at Cuddapan-1 well in ATP 920 with significant exploration upside
Strong gas prospects identified in ATP 924’s Permian Toolachee Formation
Capital raise of A$255,000 completed to fund development and working capital
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