KEY PETROLEUM
Key Petroleum Limited is an ASX-listed (KEY) Australian oil and gas exploration and development junior that acquires and maintains hydrocarbon assets with development upside, operating as a micro-cap, pre-production entity headquartered in Subiaco.
- Company typePublic
- Founded2007
- HeadquartersSubiaco, Australia
- Headcount1–10
- GTM typeB2B
- OfferingServices
What KEY PETROLEUM does
Key Petroleum Limited is an Australia-domiciled, ASX-listed (ticker: KEY) oil and gas exploration and development company headquartered in Subiaco. The firm was founded in 2007 and operates with a micro-cap profile — headcount of 1–10 employees and an implied market capitalization of approximately A$1.96 million based on its May 2026 placement price of A$0.058 per share. Its stated business focus is acquiring hydrocarbon assets with development upside and maintaining its existing asset portfolio, with no specific products, services, reserves, or producing fields documented in available sources.
The company is led by founder Kenneth Russell and managing director Yan Zhao. Its disclosed revenue model is the development and eventual production of oil and gas resources, but management language around the May 2026 placement explicitly characterises the firm as being in an 'investment phase targeting future production revenue,' implying it is not currently generating commercial production revenue. Capital is raised through small ASX placements under Listing Rule 7.1; the May 2026 placement raised only A$58,886.59 before costs (1,015,286 shares at A$0.058), representing roughly 3% of issued capital. Proceeds are allocated toward asset acquisition, asset maintenance, and working capital.
Key Petroleum operates with no documented patents, trademarks, proprietary technology, partnerships, marketing channels, distribution channels, or named customers. No certifications, regulatory actions, mergers and acquisitions, or restructuring events are on record. The combination of micro-cap funding rounds, lean headcount, absence of disclosed production, and lack of commercial infrastructure indicates a junior exploration vehicle in a pre-revenue or very early stage of its asset development lifecycle.
KEY PETROLEUM firmographics
Firmographics- Name
- KEY PETROLEUM
- Legal name
- Key Petroleum Limited
- Website
- https://keypetroleum.com.au
- Company type
- Public
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Key Petroleum Limited is an ASX-listed (KEY) Australian oil and gas exploration and development junior that acquires and maintains hydrocarbon assets with development upside, operating as a micro-cap, pre-production entity headquartered in Subiaco.
- Ownership category
- akta.pro rank
KEY PETROLEUM industry classification
Industry- Product category
- Oil and Gas Exploration
- NAICS
- Crude Petroleum Extraction (211120), Oil and Gas Extraction (2111)
- SIC
- Crude Petroleum & Natural Gas (1311), Oil & Gas Field Services, Nec (1389)
- akta.pro primary industry
- Production Operations & Well Optimization (Artificial Lift, Flow Assurance) (EUALAAAF)
Keywords
Where KEY PETROLEUM is headquartered
LocationHeadquarters
- HQ city
- Subiaco
- HQ country
- Australia
- HQ region
- Oceania
Markets served
KEY PETROLEUM business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Supply Chain, Others
Revenue model
- Oil and Gas Asset Development: The company is focused on acquiring assets with development upside and maintaining existing oil and gas assets, suggesting a revenue model based on developing and producing hydrocarbon resources. The recent placement funding is allocated toward these activities, indicating the company is in an investment phase targeting future production revenue.
KEY PETROLEUM product offering
Product offeringCore offering
Key Petroleum is an oil and gas exploration and development company focused on acquiring assets with development upside and maintaining existing oil and gas assets. The company operates as a publicly listed micro-cap entity on the ASX, deploying capital toward exploration-stage and development-stage hydrocarbon resource opportunities in Australia.
Product overview
Key Petroleum (ASX:KEY) is an oil and gas exploration and development company. Based on available source data, no specific product or service offerings are documented. The company has completed a share placement raising A$58,886.59 for asset acquisition with development upside, maintenance of existing assets, and working capital purposes.
Differentiator
Problem solved
Functional benefit
Products and services
- Oil and Gas Exploration and Development
Companies that use KEY PETROLEUM
Customer profileSegments1 record
Ideal customer profiles1 record
KEY PETROLEUM technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
KEY PETROLEUM partnerships and signals
Strategic signalScale indicators2 records
Recent moves1 record
Expansion highlights2 records
KEY PETROLEUM competitors and assessment
Company assessmentMarket position
Strengths4 records
Weaknesses4 records
Competitive moat2 records
Key risks6 records
Key highlights4 records
Customer concentration
KEY PETROLEUM social profiles
Digital presenceKEY PETROLEUM financial estimates
Financial estimateRevenue estimate
Valuation estimate
KEY PETROLEUM leadership team
Management profileNumber of profiles
Profiles2 records
KEY PETROLEUM funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
KEY PETROLEUM M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about KEY PETROLEUM
What does KEY PETROLEUM do?
Key Petroleum is an oil and gas exploration and development company focused on acquiring assets with development upside and maintaining existing oil and gas assets. The company operates as a publicly listed micro-cap entity on the ASX, deploying capital toward exploration-stage and development-stage hydrocarbon resource opportunities in Australia.
Is KEY PETROLEUM a public or private company?
KEY PETROLEUM is a public company. It is classified as public and is currently operating.
When was KEY PETROLEUM founded?
KEY PETROLEUM was founded in 2007. It employs 1 to 10 people.
Where is KEY PETROLEUM based?
KEY PETROLEUM is headquartered in Subiaco, Australia, in the Oceania region.
How does KEY PETROLEUM make money?
One revenue line is on record: oil and Gas Asset Development.
Does KEY PETROLEUM have an API?
No public API is recorded for KEY PETROLEUM.
What industry is KEY PETROLEUM in?
KEY PETROLEUM's product category is Oil and Gas Exploration. Its primary akta.pro industry code is EUALAAAF, Production Operations & Well Optimization (Artificial Lift, Flow Assurance). Its NAICS code is 211120 and its SIC code is 1311.