Refine Energy sign Letter of Intent with Key Petroleum

Refine Energy is pleased to announce that it has executed a non-binding Letter of Intention (“LOI”) with Cooper Basin Pty Ltd, a wholly owned subsidiary of Key Petroleum Limited, for drilling services within ATP 924 in the Cooper-Eromanga Basin. The Scope of Work includes drilling of two wells, being Ace-1 and Alfajor-1 in ATP 924.

Refine Energy plans to deploy Rig 02 to ATP 924 with an expected program duration of a minimum of 50 days which is expected to commence in 2020.
This latest LOI expands on Refine Energy’s active drilling and workover program with Rig 01 which is currently based in the Perth Basin, WA.