Key Petroleum Limited is an Australia-based company engaged in oil and gas exploration. The Company is engaged in acquisition of petroleum permits and the exploration of these permits with the objective of identifying economic oil and gas reserves. It is focused on pursuing conventional and unconventional wildcat exploration programs in the North Perth and Canning basins in Western Australia. The acreage within the Canning basin portfolio consists of various development and exploration opportunities. EP448 lies over the Great Sandy Desert over structural elements known as the Willara Sub-basin, Munro Arch and Anketell Shelf in the southwestern part of the Canning basin, Western Australia. The L12-10 area is adjacent to the Company's EP448 permit in the Canning Basin, Western Australia. EP104/R1/L15 is located approximately 20 kilometers northwest of Derby within the Lennard North Province in Western Australia's Canning Basin.