2 Karoon Gas Australia Limited September 2010 Karoon Gas snapshot n Approximately 177 million shares and 8.4 million options n Poseidon-1 gas discovery Contingent Resource estimate n Market capitalisation approximately A1.25…
3 Karoon Gas Australia Limited September 2010 Karoon Gas Australias key personnel Board Technical Robert HoskingExecutive Chairman Lino BarroEngineering Manager Founding Director of Karoon Gas with 30 years of 28 years experience…
4 Karoon Gas Australia Limited September 2010 Australian Assets TIMOR Karoon Permit AC/P8 BAYU-UNDAN DARWIN Karoon Permit WA-314-P AUSTRALIA Karoon Permit WA-315-P ConocoPhillips LNG Plant Kronos-1 Poseidon-1 gas…
5 Karoon Gas Australia Limited September 2010 Browse Basin BHP Billiton GRACE P50 5.7tcf Argus Gas/condensate WA-314-P, WA-315-P & WA-398-P field 2tcf (Karoon estimate) Abalone 1 Karoon 40% ConocoPhillips 60% Phrixus 1…
6 Karoon Gas Australia Limited September 2010 Browse Basin Poseidon Field, Kronos-1 results Kronos-1 Flowed Gas at an equipment constrained 26 MMscf/d n Karoon Gas and WA-398-P joint venture partner, ConocoPhillips (operator)…
7 Karoon Gas Australia Limited September 2010 Browse Basin Indicative Time line Karoon activity 2008 2009 2010 2011 2012 Indicative time line (Aug 2010) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 BROWSE BASIN…
8 Karoon Gas Australia Limited September 2010 Indicative project concept Karoon lng/condensate indicative development model economics (assuming a discovery of 7 tcf and based on independent third party design concepts). Field…
9 Karoon Gas Australia Limited September 2010 Combined net cash flow Karoon lng/condensate indicative development model economics. Net cash flow for combined offshore liquids removal and onshore LNG 100% Share. 4000 PRRT…
10 Karoon Gas Australia Limited September 2010 Karoon indicative development model economics Product revenues Capex profile Product revenues for combined offshore liquids removal 2009 US dollars and onshore LNG 100% Share.…
11 Karoon Gas Australia Limited September 2010 AC/P8 Location: Close to the Laminaria/Corallina production facility with production tie in potential. JPDA 06-105 Potential: Main prospect Jania with up to 20mmbl potential…
12 Karoon Gas Australia Limited September 2010 Brazil Santos Basin OGX Natal discovery (June 2010) oil in Santonian sandstone reservoirs with Petrobras and Location: Santos Basin shallow water SAO PAULO 180m goss pay with a net…
13 Karoon Gas Australia Limited September 2010 Brazil Santos Basin Prospects and Lead Permits S-M-1037, 1101, 1102, 1165 & 1166 Mean Rec Oil Prospects and Lead Reservoir unrisked (mmbls) Karoon wide azimuth Pico do Jaragua…
14 Karoon Gas Australia Limited September 2010 Brazil Santos Basin Karoon acreage play types Depth Seabed Recent- Miocene Shallow detached Salt Eocene- Paleocene Sub-Salt Plays Post-Salt Maa Plays Cam strichtian pania…
15 Karoon Gas Australia Limited September 2010 Brazil Santos Basin Prospect example Pico do Jaragua East Santonian Santonian Anomaly cycle 1 Santonian Anomaly cycle 1 Prospect example- amplitude Amplitude Map (Far stack response)…
16 Karoon Gas Australia Limited September 2010 Brazil Santos Basin Prospect analog Tiro Oil Field Pico do Jaragua East Stratigraphic thinning Stratigraphic thinning S & pinch-out of S & pinch-out of A reservoir onto flank of A…
17 Karoon Gas Australia Limited September 2010 Brazil Santos Basin Prospect analog Morro da Igreja East prospect Piracuca Field The oil probabilities at Moro da Igreja East look similar to the deeper oil probabilities that…
18 Karoon Gas Australia Limited Vampira September 2010 Newton Brazil Santos Basin Karoon farmin 1352 & 1354 Piracuc n Karoon right to earn 20% equity 0 10 20km subject to fullfilling farmin obligations. Karoon wide azimuth n…
19 Karoon Gas Australia Limited September 2010 Brazil Prospect example AA TIRO Field Maruja Prospect Maruja shows a good resemblance to seismic AVO anomalies at Sidon to Tiro
20 Karoon Gas Australia Limited September 2010 Brazil Santos Basin Indicative Timeline Karoon activity 2008 2009 2010 2011 2012 Indicative time line (Aug 2010) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 SANTOS…
21 Karoon Gas Australia Limited September 2010 Indicative Santos Basin project concept Karoon oil and gas indicative development model economics (assuming a discovery of 250 million barrels and based on independent third party…
22 Karoon Gas Australia Limited September 2010 Net cash flow Karoon oil and gas production indicative development model economics. 100% share. 2000 1500 1000 Net cash flow (USmillion) Field exploration 500 and…
23 Karoon Gas Australia Limited September 2010 Karoon indicative development model economics Product revenues Capex profile Oil and Gas Revenues- 100% share 2010 US dollars Oil and Gas Revenues (USmillion) 3500 1600 3000…
24 Karoon Gas Australia Limited September 2010 Peru Tumbes Basin Block Z38 Location: Offshore Peru close to BPZ 10,200 bopd test in producing fields and discoveries. new pool discovery in Karoon 3D seismic survey 1500 sq. km…
25 Karoon Gas Australia Limited September 2010 Peru Tumbes Basin Block Z38 Seismic line example. n Clear gas DHIs with amplitude ratio updip to down dip around 5 to 10 times.
26 Karoon Gas Australia Limited September 2010 Peru Maranon Basin Block 144 Location: Onshore Peru close to existing infrastructure and producing Buena Vista fields. Carmen Nor Este Bartra Potential: Leads with 50 to…
27 Karoon Gas Australia Limited Buena Vista September 2010 Carmen Nor Este Bartra Peru Maranon Basin Block 144 Jibarito Situche SitucheCentral Central Nueva Esperanza Pavayacu Capriona Sungachi-9-2x San Juan Block 8…
28 Karoon Gas Australia Limited September 2010 Activity Summary Karoon activity 2008 2009 2010 2011 2012 Indicative time line (Aug 2010) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 BROWSE BASIN (Aust) Drilling…
29 Karoon Gas Australia Limited September 2010 DeGolyer & MacNaughton Assessment Independent report on Prospective Resources for the companys South American portfolio of exploration assets as completed by DeGolyer and MacNaughton…
31 Karoon Gas Australia Limited September 2010 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 in…