Karoon Gas Australia Ltd Investor Review 13 February 2017
Resource Summary Prospective Resources Cautionary Statement: The estimated quantities of petroleum that may potentially be recovered by the application of a future development project relate to undiscovered accumulations. These estimates…
Corporate Overview Karoons strategic vision is to transform into a global independent E&P with material production underpinning a highly prospective exploration portfolio Karoon is a global oil and gas explorer incorporated and…
Capital Allocation Prioritising capital resources toward the best opportunities for capital accretion Focused on acquiring production: Looking to capitalise on the current divestment cycle and improved opportunities in our focus…
Acquisition Strategy The Board is looking to use the current market to capitalise on opportunities and considers a successful acquisition of production as transformational Karoon continues to evaluate several acquisition…
Brazil: Santos Basin Acquired 100% in 5 blocks in 2008, in midwaterdepth (400m) Farmedout 35% to Pacific (2012), for cash & carry on wells costs Three oil discoveries: Kangaroo, Bilby & Echidna Net 2C contingent resource estimates…
Mapping and Seismic Attributes Puggle Lead Echidna Emu Updip Prospect AVO (amplitude versus offset) calibrated at Paleocene level shows: Excellent match of AVO anomaly results with Platypus Paleocene mapping and pressure data…
Echidna Appraisal Well Locations Top Paleocene depth map Farmout planned prior to appraisal drilling Two appraisal sites selected Echidna2, positioned downdip and designed to penetrate and define the OWC Possible shallower onlap…
Development Concept Optimisation Current Echidna Development Concept Looking to take advantage of low utilisation rates and falling cost environment for the development, this supports a full field development without using an Early…
Australia: Ceduna Basin, EPP46 KAR 100% Operator, awarded Oct2016 Large 17,649 square kilometre permit, in lightly explored emerging frontier Prospective for oil and gas Industry majors have committed approximately A1.2 billion…
Ceduna SubBasin: EPP46 Sticking to our knitting: Exploration led growth Exploration permit EPP46 awarded during October 2016 Australias most prospective and active frontier oil exploration province 3 year firm commitment…
Australia: Ceduna SubBasin NE Multiple trap types SW Seismic amplitude anomalies possibly indicating hydrocarbons at multiple levels Possible hydrocarbon chimney Seismic Oil shows recorded in wells drilled amplitude anomalies…
Peru: Tumbes Basin KAR 75% (Operator), Pitkin 25% Proven hydrocarbon basin with large prospects well defined by 3D seismic and attribute analysis Drop cores show significant oil seeps Falling rig rates are likely to reduce the…
Z38: New Data Supports Prospectivity Far Stack Detailed mapping and seismic Arbitrary Line porefill attribute extraction strongly support the presence of trapped hydrocarbons Reservoirs are stacked, ponded turbidite sands Purple…
Z38: New Data Supports Additional Prospectivity New seismic work has identified multiple new leads at the Mal Pelo level New data: Work program focused on seismic attribute analysis over the last 12 months 16
Exploration Australia: Carnarvon Basin KAR (50%), Quadrant (Operator) 50% Large 13,539 square km block in an emerging oil prone area Levitt1 drilled mid2015, proved presence of hydrocarbon migration model with oil shows…
WA314P: Browse Basin KAR 100% , Operator Permit retained for exploration upside following divestment of Poseidon gas discoveries in 2014 Recently renewed 3 year term with no well commitment Prospect evaluation underway, with 3D…
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