Stockle - the stock oracle

Key Petroleum Ltd

ASX:KEY
A$0.080Close 7 Oct 2026 · delayed

Past year: ▼ 19%(5.10c – 10.0c AUD)

Market cap
A$3.1m
Shares on issue
38.9m
In-ground value
A$1.12bn
Risked multiple
under review
Story beats
172 since 2007
Last event
1 May 2026

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

24 July 2026quarterly activities report● Neutral

Appendix 5B for the June 2026 quarter: operating outflow A$119,000, funded by A$220,000 from share issues, leaving cash of A$239,000. Key calculates about 2.01 quarters of funding at the current spend rate.

Discuss in chat

24 July 2026quarterly activities report● Neutral

Quarter to 30 Jun 2026: the PCA applications over ATP 920 and 924 are still unapproved. Cash is A$239,339 after the April and May placements. Key plans an AGM next quarter and says it will look at new petroleum acreage in the second half of 2026.

Discuss in chat

5 May 2026other● Neutral

Substantial holder Beibei Chen briefly rose to about 20.28% after the 29 April placement, above the 20% takeover threshold. The 1 May issue to another investor diluted her to about 19.76%. Key says no change of control is intended.

Discuss in chat

5 May 2026other● Neutral

Top-20 holders list: Beibei Chen holds 19.76%, China Create Capital 12.89% and CEO Jujun Zhang 7.59%. The top 20 hold 82.83%, so ownership is concentrated. The figures imply about 38.9 million shares on issue (an inference).

Discuss in chat

1 May 2026capital raising announcement● Neutral

Confirms the 1,015,286 shares (about 3% of capital) were issued at $0.058, raising A$58,886.59, completing the final placement tranche. Includes the standard cleansing notice.

What it means for a shareholder

1.0m new shares at A$0.058 to raise about A$58,887. That's 2.6% dilution: every existing holder's slice gets 2.6% smaller. If you held A$1,000 of shares (17,241 at the issue price), your slice goes from 0.0455% to 0.0443% of the company. To keep it you'd need 462 more shares - about A$27 at the issue price.

Create a free account to see this worked out for your own holding.

Discuss in chat

1 May 2026capital raising announcement● NeutralMajor

Key secured binding commitments for a further 1,015,286 shares at $0.058 (about A$58,887), replacing part of the tranche that fell through in February. This uses up its 15% placement capacity under Listing Rule 7.1.

What it means for a shareholder

1.0m new shares at A$0.058 to raise about A$58,887. That's 2.6% dilution: every existing holder's slice gets 2.6% smaller. If you held A$1,000 of shares (17,241 at the issue price), your slice goes from 0.0455% to 0.0443% of the company. To keep it you'd need 462 more shares - about A$27 at the issue price.

Create a free account to see this worked out for your own holding.

Discuss in chat

29 Apr 2026capital raising announcement● Neutral

Confirms the 3,045,858 April placement shares (about 9% of capital) were issued at $0.058, raising A$176,659.76. Completes the placement announced on 7 April and includes the standard cleansing notice.

Discuss in chat

29 Apr 2026quarterly activities report● Neutral

Quarter to 31 Mar 2026: the eight PCA applications are still unapproved, and Key plans to seek funding and meet government. It has made an early-stage review of solar as a possible new-energy area while keeping oil and gas as its primary focus. Cash is stated as about A$137,500.

Discuss in chat

24 Apr 2026price query● Neutral

ASX queried the price rising from $0.065 on 9 April to $0.16 intraday on 24 April. Key said it knows of no unannounced information explaining it. It added that PCA approval, once expected around end-2025, is still outstanding and is being chased through consultant UTM Global.

Discuss in chat

7 Apr 2026capital raising announcement▲ GoodMajor

Key raised A$176,659.76 by placing 3,045,858 shares at $0.058 with sophisticated investors, the same price as the February placement. Funds are for acquiring assets, maintaining existing assets and working capital. Issue is due by 28 April 2026.

What it means for a shareholder

3.0m new shares at A$0.058 to raise about A$176,660. That's 8.0% dilution: every existing holder's slice gets 8.0% smaller. If you held A$1,000 of shares (17,241 at the issue price), your slice goes from 0.0495% to 0.0455% of the company. To keep it you'd need 1,507 more shares - about A$87 at the issue price.

Create a free account to see this worked out for your own holding.

Discuss in chat

19 Mar 2026capital raising announcement▼ Bad

The remaining 4,399,572 placement shares were not placed with alternative investors by the target date, and no binding agreement exists. That tranche will not proceed. Only the 1,015,286 shares already issued stand from the February placement.

Discuss in chat

13 Mar 2026half year report▼ Bad

Half-year to 31 Dec 2025: cash A$136,255 and operating cash outflow A$284,585. The eight PCA applications are still at decision stage, and approval is now expected around end-2026, not end-2025 as previously hoped. A further share issue was being considered.

Discuss in chat

26 Feb 2026capital raising announcement▼ BadMajor

Only the first part of the February placement has settled: 1,015,286 shares at $0.058 raised A$58,886.59. The other 4,399,572 shares (about A$255,000 at that price) lapse because the original subscriber withdrew. Key hopes to place them elsewhere by about 19 March.

What it means for a shareholder

1.0m new shares at A$0.058 to raise about A$58,887. That's 2.9% dilution: every existing holder's slice gets 2.9% smaller. If you held A$1,000 of shares (17,241 at the issue price), your slice goes from 0.0509% to 0.0495% of the company. To keep it you'd need 517 more shares - about A$30 at the issue price.

Create a free account to see this worked out for your own holding.

Discuss in chat

11 Feb 2026capital raising announcement● NeutralMajor

Key raised A$314,061.77 by placing 5,414,858 shares at $0.058 to two sophisticated investors. Funds are for asset acquisitions, existing assets and working capital. This is the further share issue flagged in the December quarterly.

What it means for a shareholder

5.4m new shares at A$0.058 to raise about A$314,062. That's 14% dilution: every existing holder's slice gets 14% smaller. If you held A$1,000 of shares (17,241 at the issue price), your slice goes from 0.0509% to 0.0439% of the company. To keep it you'd need 2,759 more shares - about A$160 at the issue price.

Create a free account to see this worked out for your own holding.

Discuss in chat

27 Jan 2026quarterly activities report▼ Bad

Quarter to 31 Dec 2025: the eight PCA applications remain at decision stage with no decision yet, despite hopes of approval by end-2025. Cash fell to A$136,295; financial position described as limited, and a further share issue is planned for early 2026.

Discuss in chat

7 Jan 2026director officer appointment● NeutralMajor

Jujun Zhang was appointed Executive Director, CEO and Vice Chairman from 6 Jan 2026, with 20+ years in new-energy power generation. He will focus on strategy and investment, paid $36,000 a year; the Managing Director keeps day-to-day operations.

Discuss in chat

16 Dec 2025director officer appointment● Neutral

Company Secretary Ian Gregory, in the role since 2012, retires on 19 Dec 2025. Lawyer Fang (Celine) Xia was appointed Company Secretary from 16 Dec 2025.

Discuss in chat

7 Nov 2025agm notice● Neutral

Addendum moves the 27 Nov 2025 AGM start from 2.00pm to 4.00pm Sydney time because of administrative matters. Date, venue and agenda are unchanged.

Discuss in chat

6 Nov 2025other● Neutral

Registered office and principal place of business moved from Sydney to 10C, 179 North Quay, Brisbane, effective 6 Nov 2025. Administrative.

Discuss in chat

31 Oct 2025quarterly activities report● Neutral

Quarter to 30 Sep 2025: PCA applications are at the 'decision stage' and approval hoped for around end-2025. Cash A$277,535 after the August placements; two new holders own 10.72% and 8.73%. A new strategy may consider business diversification.

Discuss in chat

30 Oct 2025price query● Neutral

ASX queried a jump in Key's price from A$0.045 to A$0.10 on heavy volume on 29 Oct 2025. Key replied it knows of no unannounced information and no explanation for the move, and says it is complying with disclosure rules.

Discuss in chat

29 Oct 2025listing compliance notice● NeutralMajor

ASX temporarily paused trading in Key shares on 29 October 2025 pending a further announcement. The notice gave no reason for the pause.

Discuss in chat

28 Oct 2025agm notice● Neutral

Letter notifying shareholders that the AGM will be held 27 November 2025 at 2.00pm in Sydney. Notice is online only; proxies are due 25 November. Administrative.

Discuss in chat

30 Sept 2025annual report● Neutral

Appendix 4G and corporate governance statement lodged with the annual report, pointing to the company's website. Administrative filing with no new information.

Discuss in chat

30 Sept 2025annual report● Neutral

Annual report for the year to 30 June 2025. The chairman says the PCA applications for ATPs 920 and 924 are at the decision stage and approval is 'imminent', and cites three new cornerstone investors and a renewed board. Text is truncated, so financials aren't shown.

Discuss in chat

7 Aug 2025director officer appointment● NeutralMajor

Yan Zhao became Managing Director from 6 Aug 2025, replacing Louis Chien. He has over 20 years in coal, mining and business development and is paid $36,000 a year with no performance incentives.

Discuss in chat

4 Aug 2025capital raising announcement● NeutralMajor

Key raised A$152,361 by placing 3,627,636 shares at $0.042 to one sophisticated investor, below the $0.062 entitlement price. Funds go to transaction costs, preparatory costs for a 'merger and corporate development strategy', and working capital.

What it means for a shareholder

3.6m new shares at A$0.042 to raise about A$152,361. That's 11% dilution: every existing holder's slice gets 11% smaller. If you held A$1,000 of shares (23,810 at the issue price), your slice goes from 0.0788% to 0.0704% of the company. To keep it you'd need 2,859 more shares - about A$120 at the issue price.

Create a free account to see this worked out for your own holding.

Discuss in chat

1 Aug 2025director officer appointment● NeutralMajor

Managing Director Louis Chien resigned effective 31 July 2025 after almost four years, citing family and other business interests. Wei Jin and Yuqi Cao lead as executive directors while a replacement is sought.

Discuss in chat

31 July 2025capital raising announcement▲ Good

The remaining 2,954,682 shortfall shares were placed on 30 July 2025 for A$183,190, completing the entitlement offer. This resolves the open shortfall; total offer proceeds are about A$312,215, effectively the full target.

Discuss in chat

25 July 2025quarterly activities report● Neutral

Quarter to 30 Jun 2025: PCA applications still under government review with no decision. Cash A$94,000; the entitlement offer raised A$129,035, with a shortfall of about A$183,190 still to place by 6 Aug. Early talks with two parties on overseas assets.

Discuss in chat