Karoon Gas Australia Ltd Mining & Exploration Conference 16-17 July 2015 Rodrigo Hill / Amago Images Production Testing at Echidna-1 Queiroz Galvo Olinda Star Semi Submersible Drilling Rig
Global Footprint 2
Corporate Overview The Strategy: Karoon looks for high equity interests in early stage exploration opportunities with large potential targets in proven petroleum systems. The Company creates shareholder value as a result of an ongoing…
Value Proposition - Approximately 68% exploration drilling success rate since 2004 from 19 offshore exploration wells in Brazil and Australia Proven Exploration Track Record - 3 oil discoveries in Santos Basin, Brazil providing for new…
Echidna Discovery Well Result The positive production test results confirm good quality Paleocene reservoir. Ultimately, well productivity is a key driver of commerciality for any oil project, particularly in the current oil price…
Kangaroo Field Well Results Based on the flow rates achieved, a vertical production well could produce 6,000 to 8,000 stb/d from the combined reservoirs Mr Robert Hosking, Managing Director Kangaroo-1- 2012 - Intersected 76 metre gross…
Santos Basin Road to Cash Flow Karoon is working to define the Kangaroo and Echidna resources in preparation for FEED, financing and FID - Resource definition through integrating latest well results and new processed 3D seismic data…
Deflationary Capex Environment Global Rig Market Brazil Rig Market - Declining industry returns and falling oil price resulted - Brazil off-shore contracted rig count has fallen 39% in dramatic cuts to exploration and appraisal…
Carnarvon Basin, Australia WA-482-P Equity Interest: Karoon 50% JV Partner: Quadrant Energy Australia Ltd* 50% (Operator) * Formerly Apache Energy Ltd 10
Exploration Permit WA-482-P Progress To Date: - 1.1 Bn bbl net unrisked prospective resource best estimate identified from 6 prospects - Chrysalids 3D seismic survey completed during 2014 adding additional prospects and leads -…
Carnarvon Basin WA-482-P Levitt Prospect - Targets in the North Rankin and Legendre Formations - The well positioned to receive migrating hydrocarbons from the kitchen - Levitt gross unrisked prospective resource best estimate…
Tumbes Basin, Peru Block Z-38 Equity Interest: Karoon 75% (Operator) JV Partner: Pitkin Petroleum Corporation 25% 13
Exploration Block Z-38 Progress to Date: - Independently assessed net unrisked prospective resource best estimate 1,686 mmbbls (across 18 prospects) - Prospect evaluation complete and preliminary drill locations have been selected -…
Browse Basin, Australia WA-314-P Equity Interest: Karoon 100% (Operator) 15
Exploration Block WA-314-P Progress to Date: - Kraken 3D seismic survey acquisition (over the Elvie prospect), and data processing and interpretation complete - Current work program commitment comprises G&G studies Exploration Upside…
WA-314-P Elvie prospect Good seal present Seismic anomaly supports the presence of Interval velocity inversion reservoir and hydrocarbon charge suggesting moderate Near v Mid substacks , normalized for overburden amplitude…
Corporate Social Responsibility Karoon is committed to the equitable and sustainable development of the environment and the communities in regions where we operate 18
Corporate Social Responsibility Peru was identified as the operational location where investment in social and environmental programs presented the best chance to make a significant positive contribution. The focus is on empowering…
Resource Summary NET to Karoon The estimated quantities of petroleum that may potentially be recovered by the application of a future development project relate to undiscovered accumulations. These estimates have both an associated risk…
Contact Information For further information please see the Karoon website or contact: Investor Relations Manager James Wootton T: +613 9616 7520 E: jwoottonkaroongas.com.au Collins Street Media Ian Howarth T: +614 0782 2319 E:…
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