Karoon Gas Australia Ltd Melbourne Mining Club Presentation September 2014 Queiroz Galvo Olinda Star Semi Submersible Drilling Rig
Corporate Strategy The Strategy: Exploration Led Growth What Karoon looks for: - High equity interests - Early stage exploration opportunities - Large potential targets in proven petroleum systems How Karoon Creates Shareholder Value:…
Karoons Global Footprint 4
Corporate Overview Overview Total Shareholder Composition - A960 million Mkt Cap UK & Europe* - 255.8 million ordinary shares on issue United States* 4% 19% - 11 million unlisted options Asia* - A660 million cash at bank (as at 31 3%…
Santos Basin Well Locations Internal Assessment Net Contingent Resource (Discovered) Net Un-risked Prospective Resource (Undiscovered) Discovery / Prospect Interest Type 1C 2C 3C Low Best High Kangaroo 65% Oil (mmbbls) 7 88 317 -…
Exploration Pipeline Carnarvon Basin Carnarvon Basin, Australia Permit WA-482-P Farmout: Equity Interests: Karoon 50%; Apache 50% (Operator) Farmed-out a 50% interest to Apache: US9 million upfront and 90% carry in one exploration…
Carnarvon Basin WA-482-P Levitt-1 (proposed) - Levitt-1 is well positioned to receive migrating hydrocarbons from the oil mature Early Jurassic source kitchen - Levitt-1 expected to be drilled during the next 2 quarters…