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Key Petroleum Advances PCA Applications Amid Tight Cash Position

7:03pm on Monday 2nd of June, 2025 AEST Oil and Gas
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Key Petroleum Advances PCA Applications Amid Tight Cash Position

7:03pm on Monday 2nd of June, 2025 AEST
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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