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MAY 2011 CORPORATE REVIEW – Karoon Gas Australia Ltd

Karoon Gas Australia Ltd · May 6, 2011 · 29 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. MAY 2011  CORPORATE REVIEW – Karoon Gas Australia Ltd – slide 1
    KAROON REVIEW May 2011
  2. MAY 2011  CORPORATE REVIEW – Karoon Gas Australia Ltd – slide 2
    Karoon Gas snapshot n Approximately 221 million shares and 3.9 million options n Poseidon-1 gas discovery Contingent Resource estimate n Market capitalization approximately A1.55 billion A7.00 (P903TCF, P507TCF, P1015TCF) n Cash in bank…
  3. MAY 2011  CORPORATE REVIEW – Karoon Gas Australia Ltd – slide 3
    What's New/News flow Corporate Total funds available comprise Cash in Bank 31st March A279 million plus A46million paid as a refundable escrowed security deposit for Brazil block commitments. Browse Basin n Three new exploration…
  4. MAY 2011  CORPORATE REVIEW – Karoon Gas Australia Ltd – slide 4
    KAR Investor profile Total Shareholder Composition Top 4 Shareholders Rank Name % ISC 24.9% Institutional Private 1 Wellington Management Company LLP 13.90% Related 45.0% 2 Talbot Group 13.06% 4.0% Corp. & Non Profit Other 7.5%…
  5. MAY 2011  CORPORATE REVIEW – Karoon Gas Australia Ltd – slide 5
    Karoon Gas Australias key personnel BOARD TECHNICAL ROBERT HOSKING Executive Chairman LINO BARRO Engineering Manager Founding Director and shareholder of Karoon Gas with 35 years of 28 years experience in reservoir and development…
  6. MAY 2011  CORPORATE REVIEW – Karoon Gas Australia Ltd – slide 6
    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…
  7. MAY 2011  CORPORATE REVIEW – Karoon Gas Australia Ltd – slide 7
    South American Drilling team DENNIS HINING Drilling Manager ROBERT L. WOOD Senior Drilling Engineer 40 years experience in the oil and gas industry. Worked as a Drilling A highly skilled Petroleum Engineer with 30+ years of International…
  8. MAY 2011  CORPORATE REVIEW – Karoon Gas Australia Ltd – slide 8
    Australian Assets Oil Fields Gas Fields Permits Pipeline TIMOR Sunrise/Sunset Troubadour Evans Shoal JOINT PETROLEUM AUSTRALIA Karoon Permit AC/P8 DVELOPMENT AREA INDONESIA Canberra Bayu/Undan Timor Sea Jabiru AUSTRALIA…
  9. MAY 2011  CORPORATE REVIEW – Karoon Gas Australia Ltd – slide 9
    Browse Basin Argus Gas/condensate field up to 4 tcf reserves Argus-2 drilling in June-July 2011 WA-314-P Agreement to proceed to, Karoon 90% ConocoPhillips 10% Emily Rose (WOODSIDE PUBLIC DOMAIN DATA) WA-315-P and WA-398-P…
  10. MAY 2011  CORPORATE REVIEW – Karoon Gas Australia Ltd – slide 10
    Browse Basin Indicative Time line KAROON ACTIVITY 2009 2010 2011 2012 2013 Indicative time line (Mar 2011) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Past Future BROWSE BASIN (Aust) Drilling (firm) Poseidon-1 (gas…
  11. MAY 2011  CORPORATE REVIEW – Karoon Gas Australia Ltd – slide 11
    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 DEVELOPMENT, PIPELINE AND LNG FACILITIES SCHEMATIC…
  12. MAY 2011  CORPORATE REVIEW – Karoon Gas Australia Ltd – slide 12
    Karoon 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 LNG…
  13. MAY 2011  CORPORATE REVIEW – Karoon Gas Australia Ltd – slide 13
    AC/P8 Location: Close to the Laminaria/Corallina production facility with production tie in potential. Potential: Main prospect Jania with up to 20mmbl potential prospective resource. JPDA 06-105 Claudia-1 5 additional leads with…
  14. MAY 2011  CORPORATE REVIEW – Karoon Gas Australia Ltd – slide 14
    Brazil Santos Basin 55% drilling success rate in the southern Santos Basin (23/41 wells) Location: Santos Basin shallow water Petrobras and S AO PAU L O ANP drilled 2 pre- 300-400m, on trend with Caravela, salt oil discoveries…
  15. MAY 2011  CORPORATE REVIEW – Karoon Gas Australia Ltd – slide 15
    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…
  16. MAY 2011  CORPORATE REVIEW – Karoon Gas Australia Ltd – slide 16
    Brazil Santos Basin prospects SAO PAULO B Niteri Atlanta Tamba PJS-559 Natal Belmonte BS-4 UruguBS-500 Pole Mexilho Area PirapitangaPJS-551 Cedro Carapia PJS-539 SPS-36 Corcovado Parati Lara Abacate MerluzaPanoramix…
  17. MAY 2011  CORPORATE REVIEW – Karoon Gas Australia Ltd – slide 17
    Brazil Santos Basin Karoon acreage play types Depth Seabed Recent- Miocene Shallow detached Salt Eocene- Paleocene Sub-Salt Plays Post-Salt Maa Plays Cam strichtian pania - n Post- Salt Plays Sub-Salt San Plays ton…
  18. MAY 2011  CORPORATE REVIEW – Karoon Gas Australia Ltd – slide 18
    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 MAY 2011 Page18
  19. MAY 2011  CORPORATE REVIEW – Karoon Gas Australia Ltd – slide 19
    Brazil Santos Basin Seismic modelling Pico do Morro da Igreja Piracuc Field Jaragua East East 21km 13km Probability of hydrocarbons Low Seismic Inversion High probabilities of High hydrocarbons n Extensive and…
  20. MAY 2011  CORPORATE REVIEW – Karoon Gas Australia Ltd – slide 20
    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…
  21. MAY 2011  CORPORATE REVIEW – Karoon Gas Australia Ltd – slide 21
    Brazil Santos Basin Indicative Timeline KAROON ACTIVITY 2009 2010 2011 2012 2013 Indicative time line (Mar 2011) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Past Future SANTOS BASIN (Brazil) Interpretation 2 & 3D seismic…
  22. MAY 2011  CORPORATE REVIEW – Karoon Gas Australia Ltd – slide 22
    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…
  23. MAY 2011  CORPORATE REVIEW – Karoon Gas Australia Ltd – slide 23
    Karoon 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…
  24. MAY 2011  CORPORATE REVIEW – Karoon Gas Australia Ltd – slide 24
    Peru Tumbes Basin Block Z38 Very open, stable and favourable Government regime Colombia Location: Offshore Peru close to Ecuador producing fields and discoveries. Potential: 11 prospects and leads being Peru Brazil 171Bcf worked up…
  25. MAY 2011  CORPORATE REVIEW – Karoon Gas Australia Ltd – slide 25
    Peru Tumbes Basin Prospects and Leads Block Z38 D Prospect. Total recoverable prospective resource 116 mmbl with a geologic risk (Pg) = 14% (D&M, Oct 2010 2D seismic based) Baleen Lead. Total recoverable prospective resource…
  26. MAY 2011  CORPORATE REVIEW – Karoon Gas Australia Ltd – slide 26
    Peru Tumbes Basin Prospects and Leads 3D perspective of top reservoir. Red and yellow Baleen Lead show seismic amplitude anomaly across the top of Good concordance of amplitude to structure. the lead. Seismic gather showing Supportive…
  27. MAY 2011  CORPORATE REVIEW – Karoon Gas Australia Ltd – slide 27
    Peru Maranon Basin Block 144 SITUCHE CENTRAL 144 A prospect Prospect located beneath an Mean Rec Oil undercapacity oil export pipeline and Prospect Reservoir beneath a large navigable river unrisked (mmbls) A Prospect…
  28. MAY 2011  CORPORATE REVIEW – Karoon Gas Australia Ltd – slide 28
    Activity Summary KAROON ACTIVITY 2009 2010 2011 2012 2013 Indicative time line (Mar 2011) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Past Future BROWSE BASIN (Aust) Drilling (firm) Poseidon-1 (gas discovery) Kontiki -1…
  29. MAY 2011  CORPORATE REVIEW – Karoon Gas Australia Ltd – slide 29
    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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