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Oil & Gas

Key Petroleum sets sights on Australia’s Canning Basin

October 24, 2011
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WESTERN AUSTRALIA — Key Petroleum, an oil and gas exploration and production company with interests in Tanzania, Italy, Namibia and Suriname, is moving to secure an immediate focus on one of Australia’s emerging hydrocarbon provinces, the Canning Basin, with the full acquisition of Empire Oil & Gas’ subsidiary Gulliver Productions, proactiveinvestors.com.au reported.

Gulliver Productions has interests in five exploration and production licenses located in the Canning Basin of Western Australia, including several undeveloped and/or partially developed oil and gas discoveries.

Four licenses are in joint venture with and operated by Buru Energy, which has enjoyed recent success in the northern Canning Basin.
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