2 KAROON GAS AUSTRALIA LIMITED FEBRUARY 2009 REVIEW Karoon Gas snapshot n Approximately 149 million shares and 6 million options. n Market capitalisation approximately A340 million A2.30. n Cash in bank A140 million. n Karoon…
3 KAROON GAS AUSTRALIA LIMITED FEBRUARY 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 FEBRUARY 2009 REVIEW Australian Assets TIMOR Karoon Permit AC/P8 BAYU-UNDAN INDONESIA DARWIN Karoon Permit WA-314-P AUSTRALIA Karoon Permit WA-315-P LNG PLANT ICHTHYS NORTHERN T E…
5 KAROON GAS AUSTRALIA LIMITED FEBRUARY 2009 REVIEW Browse Basin GRACE P50 5.7tcf Argus Gas/condensate WA-314-P & WA-315-P field 2tcf (Karoon estimate) Abalone 1 Karoon 49% KON-TIKI P50 7tcf ConocoPhillips 51% Phrixus 1…
6 KAROON GAS AUSTRALIA LIMITED FEBRUARY 2009 REVIEW Darwin Comparisons Map area WA Fields Reserves v. Karoons Exploration Prospects. Perth WOODSIDES NORTHWEST SHELF PROJECT n Allowing for some exploration success, there…
7 KAROON GAS AUSTRALIA LIMITED FEBRUARY 2009 REVIEW Farm-out Karoon Gas Australia Ltd has entered into agreements to farm out up to a 60% interest in its Browse Basin permits, WA314P and WA315P to ConocoPhillips. Acquisition of…
8 KAROON GAS AUSTRALIA LIMITED FEBRUARY 2009 REVIEW Schematic Karoon LNG/condensate/LPG indicative development model economics (assuming a discovery of 7 TCF). Field development, pipeline and LNG facilities schematic (onshore LNG…
9 KAROON GAS AUSTRALIA LIMITED FEBRUARY 2009 REVIEW Combined net cash flow Karoon LNG/condensate/LPG indicative development model economics. Net cash flow for combined offshore liquids removal and onshore LNG 100% Share.…
10 KAROON GAS AUSTRALIA LIMITED FEBRUARY 2009 REVIEW Capex profile Karoon LNG/condensate/LPG indicative development model economics. Karoon 40% share 2007 US dollars 1800 1600 CAPEX (USmillion 2007) Karoon share…
11 KAROON GAS AUSTRALIA LIMITED FEBRUARY 2009 REVIEW Product revenues Karoon LNG/condensate/LPG indicative development model economics. Product revenues for combined offshore liquids removal and onshore LNG 100% Share.…
12 KAROON GAS AUSTRALIA LIMITED FEBRUARY 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…
13 KAROON GAS AUSTRALIA LIMITED FEBRUARY 2009 REVIEW AC/P8 Location: Close to the Laminaria/ Claudia NW Corallina production facility with JPDA 06-105 production tie in potential. Claudia-1 Potential: Main prospect Jania with…
14 KAROON GAS AUSTRALIA LIMITED FEBRUARY 2009 REVIEW Brasil Santos Basin SAO PAULO Location: On trend with Caravella / Merluza fields. OGX listed in Brazil with a market cap of Tambau Atlanta US20billion raising Belmonte…
15 KAROON GAS AUSTRALIA LIMITED FEBRUARY 2009 REVIEW Brasil Santos Basin S-M-1031 S-M-1035 S-M-1036 S-M-1036 6BRSA 661 SPS New Petrobras gas discovery Norse Norse Karoon Energy Energy Petrobras in block BM-S-7 Pay found in…
16 KAROON GAS AUSTRALIA LIMITED FEBRUARY 2009 REVIEW Karoon Santos acreage Santonian Play Summary. n The salt related structural style in the Santos Basin creates large scale structures in Karoons acreage where high quality…
17 KAROON GAS AUSTRALIA LIMITED FEBRUARY 2009 REVIEW Karoon Santos acreage 1-BRSA-607A 1-BRSA-658 Eocene Play Summary. new discovery new discovery n 1-SPS-56 Eocene discovery n Preliminary analyses; Oils specific gravity is 36…
18 KAROON GAS AUSTRALIA LIMITED FEBRUARY 2009 REVIEW Peru Tumbes Basin Z38 Location: Offshore Peru close to BPZ 12,000 bopd test in new pool discovery in producing fields and discoveries. Corvina Field Shell farmin to BPZ block…
19 KAROON GAS AUSTRALIA LIMITED FEBRUARY 2009 REVIEW Peru Tumbes Basin Z38 Seismic line example. n Clear gas DHIs with flatspot and structural fit with amplitude ratio updip to downdip of around 5 to 10 times.
20 KAROON GAS AUSTRALIA LIMITED FEBRUARY 2009 REVIEW Conclusions Australia South America n Karoon has grown rapidly in the last four years, evolving Karoons South American focus area work has resulted in into a company with a a…
21 KAROON GAS AUSTRALIA LIMITED FEBRUARY 2009 REVIEW DeGolyer & MacNaughton Assessment Karoon recently engaged the services of international by application of future development projects. Prospective consulting company DeGolyer…
23 KAROON GAS AUSTRALIA LIMITED FEBRUARY 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) Boe: Barrel of oil equivalent. A term used to…
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