Key Petroleum Limited Financial Analysis
Added on 2020-05-16
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Running head: FINANCE FOR BUSINESSFinance for BusinessName of the universityName of the studentAuthors note
1FINANCE FOR BUSINESSTable of ContentsDescription of company:..................................................................................................................2Ownership and governance structure of company:.........................................................................2Calculation of performance ratios:..................................................................................................3Significant factors influencing the share price of Oz Minerals:......................................................6Calculation of Beta values and expected rate of returns:................................................................7Weighted average cost of capital:....................................................................................................7Debt ratios for the past two years:...................................................................................................8Dividend policy:..............................................................................................................................9Letter recommendation:...................................................................................................................9Description of company:
2FINANCE FOR BUSINESSKey petroleum limited is an Australian oil and gas company that is publicly listed thathas a strategic focus on pursuing unconventional and conventional programs of wildcatexploration in canning basins and North Perth operating in Western Australia. It is located inprospective onshore acreage in remote areas of Western Australia. Company was incorporated inyear 2006 and it is based in Nedlands, Australia and engages themselves in exploring, acquisitionand oil and gas properties development (Keypetroleum.com.au 2018). Some of the principalactivities of the group involve exploration and acquisition of permits with the intention ofidentifying economic gas and oil reserves. The objective of company is to drill follow up wellswithin contagious on a discovery at Dunnart 2 and the two structures that are matured and underreview to drill status are Wattle Groves and Conder south leads. Organization has a well-builtstrategy for unlocking petroleum potential over acreage with a dedicated technical team, havingoperatorship over the entirety of its permit portfolio and holding high equity positions. Portfolioof Canning basin consists of a number of exploration opportunities and numerous excitingdevelopments (Keypetroleum.com.au 2018). Ownership and governance structure of company:It is provided by constitution of company that total number of directors should not be lessthan three and more than nine and the qualification of shareholder is not required. The companyhas notified the names of substantial shareholders in accordance with section 671B ofcorporation act 2001 and they are listed below:
3FINANCE FOR BUSINESSThe maximum number of shareholdings that are held by shareholders is 17.73% held byASF oil and gas holdings Pty limited, followed by Star surpass limited having 14.03%. StartGrand Global limited having 13.63, Elite ray investments limited having 8.02 and Forever newlimited having 7.42% of shareholdings (Keypetroleum.com.au 2018). It can be seen that all thesubstantial shareholders are different companies and therefore, key Petroleum limited can be canbe classified as non-family company. Shareholders having more than 5% shareholdings include all the above namedshareholders and none other shareholders hold more than the given shareholding percentage. Non-executive chairman of Key petroleum limited is Rex Turkington and Kane Marshallis the managing director of company and being a full time employee. Min Yang and Geoff bakeris the non-executive director of company. Robert Lerace is the chief financial officer of company(Keypetroleum.com.au 2018). Mr Baker and Mr Yang are both the directors of ASF group limited and they are theultimate holdings of ASF oil and gas holdings Pty limited and hold shares in Key petroleumlimited.
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