2 Karoon Gas Australia Limited MaY 2009 Review Karoon Gas snapshot n Approximately 149 million shares and 6 million options. n Market capitalisation approximately A920 million A6.20. n Cash in bank A90 million. n Karoon…
3 Karoon Gas Australia Limited MaY 2009 Review Karoon Gas Australias key personnel Board Technical Robert HoskingExecutive Chairman Lino BarroEngineering Manager Founding Director of Karoon Gas with 30 years of 28 years…
4 Karoon Gas Australia Limited MaY 2009 Review Australian Assets TIMOR Karoon Permit AC/P8 BAYU-UNDAN INDONESIA DARWIN Karoon Permit WA-314-P AUSTRALIA Karoon Permit WA-315-P LNG PLANT Poseidon-1 gas discovery…
5 Karoon Gas Australia Limited MaY 2009 Review Browse Basin GRACE P50 5.7tcf BHP Billiton Argus Gas/condensate WA-314-P & WA-315-P field 2tcf (Karoon estimate) Abalone 1 Karoon 49% KONTIKI P50 7tcf ConocoPhillips 51%…
6 Karoon Gas Australia Limited MaY 2009 Review Browse Basin - Poseidon-1 Gas Discovery Poseidon-1 well location and seismic section n The well has penetrated a 317m gross gas bearing Plover Formation. over the interval 4795 to…
7 Karoon Gas Australia Limited MaY 2009 Review Darwin Comparisons Map area WA Fields Reserves v. Karoons Exploration and Appraisal Opportunities. Perth WOODSIDES NORTHWEST SHELF PROJECT n Allowing for some exploration…
8 Karoon Gas Australia Limited MaY 2009 Review Browse Basin acreage position WA314P and WA315P Karoon Gas Australia Ltd has entered into agreements to farm out up to a 60% interest in its Browse Basin permits to ConocoPhillips.…
9 Karoon Gas Australia Limited MaY 2009 Review Indicative project concept Karoon lng/condensate/lpg indicative development model economics (assuming a discovery of 7 tcf and based on independent third party design concepts).…
10 Karoon Gas Australia Limited MaY 2009 Review Combined net cash flow Karoon lng/condensate/lpg indicative development model economics. Net cash flow for combined offshore liquids removal and onshore LNG 100% Share. 4000…
11 Karoon Gas Australia Limited MaY 2009 Review Capex profile Karoon lng/condensate/lpg indicative development model economics. Karoon 40% share 2007 US dollars 1800 1600 CAPEX (USmillion 2007) Karoon share 1400…
12 Karoon Gas Australia Limited MaY 2009 Review Product revenues Karoon lng/condensate/lpg indicative development model economics. Product revenues for combined offshore liquids removal and onshore LNG 100% Share. 6000…
13 Karoon Gas Australia Limited MaY 2009 Review Market Update LNG SALES AGREEMENTS 2007, Woodside signed a Key Sales Terms Agreements with the Chinese for approximately 2TCF at a price of approximately A9-10 billion per TCF for…
14 Karoon Gas Australia Limited MaY 2009 Review AC/P8 Location: Close to the Laminaria/ Corallina production facility with production tie in potential. Claudia NW JPDA 06-105 Claudia-1 Vidalia-1 Potential: Main prospect Jania…
15 Karoon Gas Australia Limited MaY 2009 Review Brasil Santos Basin Location: On trend with Caravella / SAO PAULO Merluza fields. OGX listed in Brazil Repsol new gas with a market cap of condensate discovery Atlanta Panoramix.…
16 Karoon Gas Australia Limited MaY 2009 Review Brasil Santos Basin Petrobras BM-S-7 New Petrobras discovery Piracuc. S-M-1035 S-M-1036 S-M-1037 Norse Norse Karoon Cretaceous aged reservoirs Energy Energy Piracuc confirmed to…
17 Karoon Gas Australia Limited MaY 2009 Review Karoon Santos acreage Santonian Play Summary. n The salt related structural style in the Santos Basin creates large scale structures in Karoons acreage where high quality Santonian…
18 Karoon Gas Australia Limited MaY 2009 Review Karoon Santos acreage 1-BRSA-607A 1-BRSA-658 Eocene Play Summary. new discovery new discovery n 1-SPS-56 Eocene discovery n Preliminary analyses; Oils specific gravity is 36 API…
19 Karoon Gas Australia Limited MaY 2009 Review Peru Tumbes Basin Z38 Location: Offshore Peru close to BPZ 12,000 bopd test in producing fields and discoveries. new pool discovery in Corvina Field Mach Potential: 2 main leads…
20 Karoon Gas Australia Limited MaY 2009 Review Peru Tumbes Basin Z38 Seismic line example. n Clear gas DHIs with amplitude ratio updip to down dip around 5 to 10 times.
21 Karoon Gas Australia Limited MaY 2009 Review Peru Maranon Basin Location: Onshore Peru close to existing infrastructure and producing fields. Potential: Leads with 50 to 250mmbls Situche Central prospective resource…
22 Karoon Gas Australia Limited MaY 2009 Review Conclusions Australia South America n Karoon has grown rapidly in the last four years, evolving Karoons South American focus area work has resulted in into a company with a a world…
23 Karoon Gas Australia Limited MaY 2009 Review DeGolyer & MacNaughton Assessment Karoon (August 2008) engaged the services of international The PRMS reporting system provides uniform guidelines consulting company DeGolyer and…
25 Karoon Gas Australia Limited MaY 2009 Review Index of terms TCF: trillion standard cubic feet (1,000,000,000,000 cubic feet) Mmbls: Millions of barrels (1,000,000 barrels) Bbls: Barrels BOE:A means of expressing gas volumes…