KEY PETROLEUM LIMITED

ASX:KEYEnergy

38.9M shares on issueASX (delayed) · snapshot 11 Sept 202638.9M fully diluted+0.0% if every option and right converts$0.12price · delayed$4.7Mmarket cap · indicative

High

Dilution risk

Runway under 2 quarters; share count grew 55% in 24 months; 7 cash raises in 24 months

Absolute levels — not a ranking against other companies.

Cash runway1.1 quarters of funding

Share-count growth (24m)54.6%

Raise cadence (24m)7 cash raises

Options & rights overhang0.0% of shares

In-the-money supply0.0% of shares

Pending proposed issuesnone

KEY PETROLEUM LIMITED undertook a share consolidation of approximately 1-for-100 in November 2024. Following this, its ordinary share count grew 54.6% between December 2024 and May 2026, to 39M shares. The company raised capital seven times in the past 24 months for total disclosed proceeds of A$1.6M, most recently a A$247K placement in September 2026. At the June 2026 quarter the company reported A$138K in available cash, covering approximately 1.1 quarters of its recent spending rate. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026

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0.0%

Options & rights overhang

0.0%

In-the-money supply

Raises · last 12 months

1.1 qtrs

Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue

Weekly counts from ASX records. Dots mark cash capital raises. Adjusted for the 1-for-100 consolidation (28 Nov 2024). Latest count 38.9M per ASX (delayed) (snapshot 11 Sept 2026).

Cash runway

1.1 qtrs

Less than two quarters of funding at the recent spend rate — near-term funding pressure.

The latest quarterly report funded operations to about Sept 2026 — that date has passed, and no later report is on record.

$136k cash after burn from the quarter ended 30 June 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds. Filed with the quarterly report: $239k cash at quarter end (item 4.6), 2.0 qtrs of funding on the company’s own estimate. Our figure above carries the filed quarter-end balance forward at the reported spend rate and adds announced raise proceeds.

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11 quarters on record — Cash runway history

Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 30 June 2026.

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Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

Date	Form	Security	On issue, per this filing	Source
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
31 July 2025	2A · quoted issue	KEY : ORDINARY FULLY PAID	30.2M	Appendix 2A

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7 filings on record — Full issuance history

Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).

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Capital raises

7 cash raises in the last 24 months · 3 in the last 12 months

every 3.6 monthsaverage gap between raises

0.1 monthssince the most recent

28 Nov 2024 – 8 Sept 2026first to most recent in this window

$247k

Placement

8 Sept 2026 ACTIVE

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7 raises on record — Full raise history

Issue price, shares issued, brokers and stated purpose for every raise on record.

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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.

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Forward supply calendar

Option expiries and proposed issues on one forward timeline, with the securities each could add.

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Placement capacity

How much stock a company can place without asking holders. Listing Rule 7.1 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.

About 14% of the 15% placement capacity left — about 86% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-09-12). The company has also placed under the additional 10% (Listing Rule 7.1A), which is not counted in this figure. Holder-approved issues and any later ratification are not deducted, so the true headroom can be higher.

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Placement capacity — LR 7.1 / 7.1A

The filings behind the figure: every Appendix 3B in the window with what it says was issued under 7.1 and 7.1A, each row linked to its filing, and how many shares are left.

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