2 KAROON GAS AUSTRALIA LIMITED OCTOBER 2009 REVIEW Karoon Gas snapshot n Approximately 177 million shares and 8.4 million options n Market capitalisation approximately A1.3 billion A7.50 n Cash in bank A240 million n Company in…
3 KAROON GAS AUSTRALIA LIMITED OCTOBER 2009 REVIEW Karoon Gas Australias key personnel Board Technical ROBERT HOSKING Executive Chairman LINO BARRO Engineering Manager Founding Director of Karoon Gas with 30 years of 28 years…
4 KAROON GAS AUSTRALIA LIMITED OCTOBER 2009 REVIEW Australian Assets TIMOR Karoon Permit AC/P8 Kontiki-1 exploration well BAYU-UNDAN INDONESIA DARWIN Karoon Permit WA-314-P AUSTRALIA Karoon Permit WA-315-P LNG…
5 KAROON GAS AUSTRALIA LIMITED OCTOBER 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% ConocoPhillips 51% Phrixus 1…
6 KAROON GAS AUSTRALIA LIMITED OCTOBER 2009 REVIEW Browse Basin - Kontiki-1 exploration well n Kontiki-1 spudded 22 July 2009 n Target- Middle and Upper Jurassic sandstones n Prospective Resource 7TCF (P50) (Karoon mapping and…
7 KAROON GAS AUSTRALIA LIMITED OCTOBER 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…
8 KAROON GAS AUSTRALIA LIMITED OCTOBER 2009 REVIEW Darwin Comparisons Map area WA Fields Reserves v. Karoons Exploration and Appraisal Opportunities. Perth WOODSIDES NORTHWEST SHELF PROJECT n Allowing for some…
9 KAROON GAS AUSTRALIA LIMITED OCTOBER 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…
10 KAROON GAS AUSTRALIA LIMITED OCTOBER 2009 REVIEW Indicative project concept Karoon LNG/condensate indicative development model economics (assuming a discovery of 7 TCF and based on independent third party design concepts).…
11 KAROON GAS AUSTRALIA LIMITED OCTOBER 2009 REVIEW 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…
12 KAROON GAS AUSTRALIA LIMITED OCTOBER 2009 REVIEW Capex profile Karoon indicative development model economics. 2009 US dollars 4500 4000 CAPEX (USmillion 2009) Karoon share 3500 Total project Capex US10.4…
13 KAROON GAS AUSTRALIA LIMITED OCTOBER 2009 REVIEW Product revenues Karoon indicative development model economics. Product revenues for combined offshore liquids removal and onshore LNG 100% Share. 7000 6000 Product…
14 KAROON GAS AUSTRALIA LIMITED OCTOBER 2009 REVIEW Economic sensitivity analysis Karoon indicative development model economics. 12000 30 10000 25 NPV-10% (USmillion) 8000 20 IRR (%) 6000 15 4000 10…
15 KAROON GAS AUSTRALIA LIMITED OCTOBER 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…
16 KAROON GAS AUSTRALIA LIMITED OCTOBER 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…
17 KAROON GAS AUSTRALIA LIMITED OCTOBER 2009 REVIEW Brasil Santos Basin Location: Santos Basin shallow water SAO PAULO 300-400m, on trend with Caravela, OGX listed in Brazil Repsol new gas Piracuca, Newton and Merluza fields.…
18 KAROON GAS AUSTRALIA LIMITED OCTOBER 2009 REVIEW Brasil Santos Basin - Recent activity Repsol new gas condensate discovery Panoramix(2009). Late Cretaceous aged Note: OGX, a Brazil listed company with a market cap of…
19 KAROON GAS AUSTRALIA LIMITED OCTOBER 2009 REVIEW Karoon Santos permits Santonian Play Summary Eocene Play Level n The salt related structural style in the Santos Basin creates large scale structures in Karoons acreage where…
20 KAROON GAS AUSTRALIA LIMITED OCTOBER 2009 REVIEW Peru Tumbes Basin Z38 Location: Offshore Peru close to BPZ 10,200 bopd test in producing fields and discoveries. new pool discovery in Corvina Field Mach Potential: 2 main…
21 KAROON GAS AUSTRALIA LIMITED OCTOBER 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.
22 KAROON GAS AUSTRALIA LIMITED OCTOBER 2009 REVIEW Peru Maranon Basin Block 144 Location: Onshore Peru close to existing infrastructure and producing Buena Vista fields. Carmen Nor Este Bartra Jibarito Potential:…
23 KAROON GAS AUSTRALIA LIMITED OCTOBER 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 OCTOBER 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…
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