Karoon review ANNUAL GENERAL MEETING November 12th 2009
2 Karoon Gas Australia Limited ANNUAL GENERAL MEETING November 12th 2009 Karoon Gas snapshot n Approximately 177 million shares and 8.4 million options n Market capitalisation approximately A1.33 billion A7.50 n Cash in bank A221…
3 Karoon Gas Australia Limited ANNUAL GENERAL MEETING November 12th 2009 Karoon Gas Australias key personnel Board Technical Robert HoskingExecutive Chairman Lino BarroEngineering Manager Founding Director of Karoon Gas with 30…
4 Karoon Gas Australia Limited ANNUAL GENERAL MEETING November 12th 2009 Australian Assets TIMOR Karoon Permit AC/P8 BAYU-UNDAN DARWIN Karoon Permit WA-314-P AUSTRALIA Karoon Permit WA-315-P ConocoPhillips LNG Plant…
5 Karoon Gas Australia Limited ANNUAL GENERAL MEETING November 12th 2009 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%…
6 Karoon Gas Australia Limited ANNUAL GENERAL MEETING November 12th 2009 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.…
7 Karoon Gas Australia Limited ANNUAL GENERAL MEETING November 12th 2009 Browse Basin Indicative Time line Karoon activity 2008 2009 2010 2011 2012 Indicative time line (Oct 09) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1…
8 Karoon Gas Australia Limited ANNUAL GENERAL MEETING November 12th 2009 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…
9 Karoon Gas Australia Limited ANNUAL GENERAL MEETING November 12th 2009 Indicative project concept Karoon lng/condensate indicative development model economics (assuming a discovery of 7 tcf and based on independent third party…
10 Karoon Gas Australia Limited ANNUAL GENERAL MEETING November 12th 2009 Combined net cash flow Karoon lng/condensate indicative development model economics. Net cash flow for combined offshore liquids removal and onshore LNG…
11 Karoon Gas Australia Limited ANNUAL GENERAL MEETING November 12th 2009 Capex profile Karoon indicative development model economics. 2009 US dollars 4500 4000 CAPEX (USmillion 2009) Karoon share 3500 Total…
12 Karoon Gas Australia Limited ANNUAL GENERAL MEETING November 12th 2009 Product revenues Karoon indicative development model economics. Product revenues for combined offshore liquids removal and onshore LNG 100% Share.…
13 Karoon Gas Australia Limited ANNUAL GENERAL MEETING November 12th 2009 Economic sensitivity analysis Karoon indicative development model economics. 12000 30 10000 25 NPV-10% (USmillion) 8000 20 IRR (%) 6000…
14 Karoon Gas Australia Limited ANNUAL GENERAL MEETING November 12th 2009 AC/P8 Location: Close to the Laminaria/Corallina Claudia NW production facility with production tie in potential. JPDA 06-105 Potential: Main prospect…
15 Karoon Gas Australia Limited ANNUAL GENERAL MEETING November 12th 2009 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…
16 Karoon Gas Australia Limited ANNUAL GENERAL MEETING November 12th 2009 Brasil Santos Basin - Recent activity Repsol new gas condensate discovery Panoramix(2009). Late Cretaceous aged Note: OGX, a Brazil listed company with a…
17 Karoon Gas Australia Limited ANNUAL GENERAL MEETING November 12th 2009 Karoon Santos Blocks Santonian Play Summary Eocene Play Level n The salt related structural style in the Santos Basin creates large scale structures in…
18 Karoon Gas Australia Limited ANNUAL GENERAL MEETING November 12th 2009 Brasil Santos Basin - Indicative Timeline Karoon activity 2008 2009 2010 2011 2012 Indicative time line (Oct 09) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1…
19 Karoon Gas Australia Limited ANNUAL GENERAL MEETING November 12th 2009 Peru Tumbes Basin Block Z38 Location: Offshore Peru close to BPZ 10,200 bopd test in producing fields and discoveries. new pool discovery in Corvina…
20 Karoon Gas Australia Limited ANNUAL GENERAL MEETING November 12th 2009 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 ANNUAL GENERAL MEETING November 12th 2009 Peru Maranon Basin Block 144 Location: Onshore Peru close to existing infrastructure and producing Buena Vista fields. Carmen Nor Este Bartra…
22 Karoon Gas Australia Limited ANNUAL GENERAL MEETING November 12th 2009 Activity Summary Karoon activity 2008 2009 2010 2011 2012 Indicative time line (Oct 09) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 BROWSE…
23 Karoon Gas Australia Limited ANNUAL GENERAL MEETING November 12th 2009 DeGolyer & MacNaughton Assessment Karoon (August 2008) engaged the services of international The PRMS reporting system provides uniform guidelines…
25 Karoon Gas Australia Limited ANNUAL GENERAL MEETING November 12th 2009 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…
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