2 KAROON GAS AUSTRALIA LIMITED JUNE 2010 Karoon Gas snapshot Approximately 177 million shares and 8.4 million options Poseidon-1 gas discovery Contingent Resource estimate Market capitalisation approximately A1.4 billion A7.90…
3 KAROON GAS AUSTRALIA LIMITED JUNE 2010 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 experience in…
4 KAROON GAS AUSTRALIA LIMITED JUNE 2010 Australian Assets TIMOR Karoon Permit it AC 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 JUNE 2010 Browse Basin GRACE P50 5.7tcf Argus Gas/condensate WA-314-P & WA-315-P field 2tcf Abalone 1 Karoon 40% (Karoon estimate) ConocoPhillips 60% Phrixus 1 ARGUS Lead-E WA-314-P P50 5…
6 KAROON GAS AUSTRALIA LIMITED JUNE 2010 Browse Basin Poseidon Field, Kronos-1 results Kronos-1 Flowed Gas at an equipment constrained 26 MMscf/d Karoon Gas and WA-398-P joint venture partner, ConocoPhillips (operator) conducted a…
7 KAROON GAS AUSTRALIA LIMITED JUNE 2010 Browse Basin Indicative Time line Karoon activity 2008 2009 2010 2011 2012 Indicative time line (Jun 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 JUNE 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 JUNE 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 Resource tax…
10 KAROON GAS AUSTRALIA LIMITED JUNE 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. Product…
11 KAROON GAS AUSTRALIA LIMITED JUNE 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 Claudia-1 20mmbl potential…
12 KAROON GAS AUSTRALIA LIMITED JUNE 2010 Brasil Santos Basin Location: Santos Basin shallow water SAO PAULO 300-400m, on trend with Caravela, OGX listed in 2008 in Repsol new gas Piracuca, Newton and Merluza fields. Brazil…
13 KAROON GAS AUSTRALIA LIMITED JUNE 2010 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 reservoirs tested…
14 KAROON GAS AUSTRALIA LIMITED JUNE 2010 Brasil Santos Basin - Prospects and Lead Mean Rec Oil Prospects and Lead Reservoir unrisked (mmbls) Karoon wide azimuth Pico do Jaragua East Santonian 235 3D now acquired. Piracuca…
15 KAROON GAS AUSTRALIA LIMITED JUNE 2010 Brasil 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 JUNE 2010 Brasil Santos Basin - Indicative Timeline Karoon activity 2008 2009 2010 2011 2012 Indicative time line (Jun 2010) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 SANTOS…
17 KAROON GAS AUSTRALIA LIMITED JUNE 2010 Indicative Santos Basin project concept Karoon oil and gas indicative development model economics (assuming a discovery of 250 mil barrels and based on independent third party design…
18 KAROON GAS AUSTRALIA LIMITED JUNE 2010 Net cash flow Karoon oil and gas production indicative development model economics. 100% share. 2000 1500 1000 Field exploration Net cash flow (USmillion) 500 and…
19 KAROON GAS AUSTRALIA LIMITED JUNE 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…
20 KAROON GAS AUSTRALIA LIMITED JUNE 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…
21 KAROON GAS AUSTRALIA LIMITED JUNE 2010 Peru Tumbes Basin Block Z38 Seismic line example. Clear gas DHIs with amplitude ratio updip to down dip around 5 to 10 times.
22 KAROON GAS AUSTRALIA LIMITED JUNE 2010 Peru Maranon Basin Block 144 Buena Vista Location: Onshore Peru close to Carmen Nor Este existing infrastructure and producing Bartra fields. Jibarito Potential: Leads with 50 to…
23 KAROON GAS AUSTRALIA LIMITED JUNE 2010 Peru Maranon Basin Block 144 Situche SitucheCentral Central Nueva Esperanza Sungachi-9-2x 144 A prospect Mean Rec Oil Prospect Reservoir unrisked (mmbls) 0 50km 100km…
24 KAROON GAS AUSTRALIA LIMITED JUNE 2010 Activity Summary Karoon activity 2008 2009 2010 2011 2012 Indicative time line (Jun 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…
25 KAROON GAS AUSTRALIA LIMITED JUNE 2010 DeGolyer & MacNaughton Assessment Independent report on Prospective Resources for the companys South American portfolio of exploration assets as completed by DeGolyer and MacNaughton (D&M)…
27 KAROON GAS AUSTRALIA LIMITED JUNE 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…
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