Karoon Gas snapshot n Approximately 221 million shares and 3.9 million options n 5-8 well South American exploration drilling to start 2nd quarter 2012 n Market capitalization approximately A768 million A 3.20 n Poseidon-1 gas discovery…
What's New/News flow Corporate n Total funds available comprise Cash in Bank Sept. A267million plus A46million paid as a refundable escrowed security deposit for Brazil block commitments. n COP funds 80% of first WA-315-P well Boreas-1.…
KAR Investor profile Total Shareholder Composition Top 3 Shareholders Rank Name % ISC Institutional 26.0% Private 1 Wellington Management Company LLP 12.81% Related 45.0% 2 Talbot Group 12.07% Corp. & Non Profit 2.8% Other…
Karoon Gas Australias key personnel BOARD TECHNICAL ROBERT HOSKING Executive Chairman DAVID WHITTAM Exploration Manager Australia Founding Director and shareholder of Karoon Gas with 35 years of 30 years experience with BHPP and Woodside…
South American personnel EDWARD MUNKS Director of KEI and COO of KGA TIMOTHY HOSKING General Manager for South America Over 29 years experience working for Brambles, Nexus Energy, Over 10 years experience. Instrumental in the acquisition…
South American Drilling team DENNIS HINING Drilling Manager BRAD PATE Drilling Operations Engineer 40 years experience in the oil and gas industry. Former head of Petroleum Engineer and Business Administrator with 28 years ExxonMobil…
Australian Assets Oil Fields Gas Fields Permits Pipeline TIMOR Sunrise/Sunset Troubadour JOINT PETROLEUM Evans Shoal DVELOPMENT AREA AUSTRALIA Laminaria Corallina INDONESIA Canberra Bayu/Undan Timor Sea Jabiru AUSTRALIA…
Browse Basin Argus Gas/condensate field up to 4 tcf reserves Argus-2 Location: WA-314-P drilling in June-July 2011 Karoon 90% ConocoPhillips 10% n Browse Basin, Australia. 450-600m (WOODSIDE PUBLIC DOMAIN DATA) water depth. On…
Browse Basin First well Boreas-1 Appraisal/Exploration n A high crestal test of the fault block immediately east of the Poseidon fault block. objectives (general comments) n Located 4.2 km SE from Poseidon-1 n In appraisal programs, wells…
Indicative Browse Basin project concept Karoon LNG/condensate indicative development model economics (assuming a discovery of 7 TCF and based on a leading independent third party design concepts). FIELD DEVELOPMENT, PIPELINE AND LNG…
Karoon Browse indicative development model economics Combined Net Cash Flow Product revenues Net cash-flow for combined offshore liquids removal and onshore Product revenues for combined offshore liquids removal LNG 100% share and onshore…
Brazil Santos Basin 55% drilling success rate in the southern Santos Basin (23/41 wells) Location; Santos Basin 300-400m water depth. On trend with Piracuca, Newton, Muluza, Maruja, S AO PAU L O Niteroi Tamba Tiro and Sidon…
Brazil Santos Basin block locations Piracuc Sao Pa m Piracuc Field 230k Light oil and gas disoveries within Karoon Operated Blocks Tertiary aged reservoirs which have ulo 100% equity S-M-1037 Light oil and gas…
Brazil Santos Basin prospects SAO PAULO Niteri Atlanta Tamba PJS-559 Natal Belmonte BS-4 UruguBS-500 Pole Piracuc Mexilho Area PirapitangaPJS-551 Carapia PJS-539 Cedro SPS-36 Corcovado Parati Lara Abacate MerluzaPanoramix…
Brazil Santos Basin Karoon acreage play types Depth Seabed A Recent- Shallow A Miocene detached Salt Eocene- Paleocene Sub-Salt Plays Post-Salt Maa Plays Cam strichtian pania - n Post- Salt Plays Sub-Salt San Plays…
Brazil Santos Basin Improved Seismic imaging with WAZ & PSDM Old data New data Salt dome Salt dome Better data - better Prospect definition lower risk KAROON REVIEW OCTOBER 2011 Page17
Brazil Santos Basin Prospect analog Tiro Oil Field Pico do Jaragua East S Stratigraphic thinning S Stratigraphic thinning & pinch-out of & pinch-out of A reservoir onto flank of A reservoir onto flank of salt diapir. salt diapir. L…
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 design concepts). Field development, pipeline and gas…
Karoon Santos indicative development model economics Net cash flow Product revenues Karoon oil and gas production indicative development model Oil and Gas Revenues- 100% share. economics. 100% share. Net cash flow (USmillion) Oil and Gas…
Peru Tumbes Basin Block Z38 Colombia Location; Ecuador Tumbes Basin water depths 300 to 1000m. Close to fields that have Peru Brazil 171 Bcf produced over 1.6 billion bbls of oil and MACHALA 340 bcf of gas. 130 MW power plant…
Peru Tumbes Basin Prospects and Leads Colombia Ecuador Tumbes Basin Offshore Oil and Gas Fields: 2P Reserves 90mmbl Peru Brazil Liquid hydrocarbon indications in seabed cores comparable with oils in existing fields. Albacora…
Peru Tumbes Basin Prospects and Leads Stacked pays indicated from seismic inversion with oil probabilities up to 3050%. High probability hydrocarbon bearing sands shown in greens. Mapped Spill level-1 Mapped Spill level-2…
Peru Maranon Basin Block 144 SITUCHE CENTRAL Location; Maranon Basin, Peru. On Trend with Situche central oil field. Close to under-capacity oil export pipeline and major navigable rivers. Prospective resource; One prospect…
DeGolyer & MacNaughton Assessment Independent report on Prospective and Contingent resources for the companys total assets completed by DeGolyer MacNorton at various dates Estimate of Summary of DeGolyer MacNorton assessments Number…
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