Oct 6 (Reuters) - Key Petroleum Ltd KEY.AX :
* SALE OF 40% INTEREST IN WA-481-P,PGY-KEY.AX
* SALE AGREEMENT FOR SALE OF CO'S 40% STAKE IN WA-481-P TO PILOT ENERGY HAS BEEN FULLY EXECUTED
* IN CONSIDERATION FOR TRANSFER OF INTEREST, KEY WILL RECEIVE 21 MILLION SHARES IN PILOT IN TWO TRANCHES