Corporate Social Responsibility Report

Corporate Social Responsibility (CSR) is the management of the impact a company’s businesses or projects have on its employees, partners, customers, shareholders and the environment in both local and international communities where it operates.

Key Petroleum is establishing practices and processes now that will ensure that the Company operates as a responsible corporate citizen as it grows.

The Company is establishing clear strategies and targets for its projects and Key Petrolium is determined to strive for better ways of conduction its projects and day to day operations.

Key will ensure that it operates with the highest standards of integrity and trust and will work towards sustainability.

The Company is also well aware of the inherent risks involved in oil and gas exploration and development and the need to include CSR into its risk management and risk policies is part of the Key’s determination to ensure it has well defined and established ethical approach to risk management.

The importance of CSR is recognised at the highest level of Key Petrolium and the CEO/Managing Director is charged with incorporating and managing these policies.  The Company is also ensuring that the policies are passed along to employees.

Key Petrolium plans to review, as part of its annual reporting process, the performance of each of three areas that it believes are important for the Company to monitor;

• Social and Ethical policy and practice
• Health and Safety policy and practice and
• The Environment