Karoon Gas Australia Ltd Corporate Review September 2014 Queiroz Galvo Olinda Star Semi Submersible Drilling Rig
Karoons Global Footprint 2
Corporate Overview The Strategy: Exploration Led Growth Karoon looks for high equity interests in early stage exploration opportunities with large potential targets in proven petroleum systems The Company looks to create shareholder…
Investment Highlights - Exploration led growth strategy delivering Proven Track Record - 78% drilling success rate in last 24 months from 9 wells - Browse Basin Poseidon gas resource monetised for up to US800 million - Kangaroo oil…
Santos Basin - 5 Blocks Santos Basin, Brazil - Blocks S-M-1037, 1101 , 1102, 1165, 1166 Equity Interests: Karoon 65% (Operator), Pacific Rubiales 35% Progress to Date: - 2 oil discoveries - Kangaroo-1 and Bilby-1 during 2013. Kangaroo is…
Santos Basin Well Locations Kangaroo discovery and Kangaroo West prospect Seismic section AA - The Kangaroo field and Kangaroo West prospect structures are developed on the flanks of an elongate salt diapir. Kangaroo-2 positioned…
Santos Basin Kangaroo Field N-S seismic section AA through Kangaroo field Kangaroo Oil Discovery Pressure data and recovered oil samples confirms a 75 metre oil column in Eocene interbedded sands Oil measured at 40 degrees…
Exploration Pipeline Carnarvon Basin 10
Carnarvon Basin WA-482-P Carnarvon Basin, Australia Permit WA-482-P Equity Interests: Karoon 50%; Apache 50% (Operator) Farmout: - Karoon farmed out a 50% interest in WA-482-P to US independent, Apache for US9 million upfront cash…
Carnarvon Basin WA-482-P Levitt-1 (proposed) Seismic section AA - Levitt-1 is well positioned to receive migrating hydrocarbons from the oil mature Early Jurassic source kitchen. - Primary target North Rankin formation and…
Carnarvon Basin WA-482-P N-S seismic section AA through Levitt Prospect Delambre-1 Levitt-1 (proposed) Levitt-1 Prospective targets at Legendre and North Rankin Fm. levels. Legendre Fm. Gross unrisked prospective resource…
Exploration Pipeline Tumbes Basin 14
Tumbes Basin Block Z-38 Tumbes Basin, Peru - Block Z-38 Equity Interests: Karoon 75% (Operator); Pitkin Petroleum 25% Progress to Date: - Independently assessed net un-risked prospective resource Best Estimate 1,686 mmbbls (across…
Tumbes Basin Z-38 Marina Prospect Indicative hydrocarbon column Principal targets between H40 & H55 but secondary targets from 800-4000m. H70 target equivalent to 36 API oil sand in 15-X-1 well Independently Assessed Net…
Other Assets WA-314-P, Browse Basin, Australia Equity Interests: KAR 100% (Operator) - Final processed Kraken 3D seismic survey data (over Elvie prospect) expected December Quarter 2014 - Farmout discussions remain on-going with…
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…
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