KEY PETROLEUM LIMITED
ASX:KEYEnergyShare count grew 68% in 24 months; runway 2–4 quarters; 6 cash raises in 24 months
KEY PETROLEUM LIMITED undertook a 1-for-100 share consolidation in November 2024. Between December 2024 and September 2026, its latest share-count filing, the ordinary share count grew 68.0%, adjusted for that consolidation, to 42M shares. The company raised capital six times in the past 24 months for total disclosed proceeds of A$1.3M, most recently a A$247K placement in September 2026. The company has 2 to 4 quarters of funding at the recent spend rate as of its September 2026 quarter. No proposed securities issues are pending.
Quick answers · 3
When did KEY last raise capital?
The last capital raise in Key Petroleum's filings is Placement of $247k announced 8 Sept 2026, one of 6 cash raises in 24 months.
How much placement capacity does KEY have left?
About 14% of the 15% placement capacity left, about 86% used in 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.
How much cash does KEY have?
In its quarterly cash report for the quarter ended 30 Sept 2026, Key Petroleum reported $329k of cash and estimated 2.6 quarters of funding available at its current rate of spending. That is the company's own estimate.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 14 Sept 2026 | 2A · quoted issue | KEY : ORDINARY FULLY PAID | 42.3M | Appendix 2A |
| 1 May 2026 | 2A · quoted issue | KEY : ORDINARY FULLY PAID | 38.9M | Appendix 2A |
| 29 Apr 2026 | 2A · quoted issue | KEY : ORDINARY FULLY PAID | 37.9M | Appendix 2A |
| 26 Feb 2026 | 2A · quoted issue | KEY : ORDINARY FULLY PAID | 34.9M | Appendix 2A |
| 6 Aug 2025 | 2A · quoted issue | KEY : ORDINARY FULLY PAID | 33.8M | Appendix 2A |
Securities on issue over time
Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.
Capital raises
6 cash raises in the last 24 months · 2 in the last 12 months
Forward supply
Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.
Placement capacity
How much stock a company can place without asking holders. Listing Rule 7.1 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 5 Mar 2025 | Louis Chien | Other off-market | — | — | — | — | 3Y notice |
| 12 Feb 2025 | Louis Chien | Other off-market | 2.3M | — | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.