Karoon Gas Australia Ltd Corporate Review June 2014
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…
Karoons Global Footprint *Remains subject to the completion of sale of WA315P and WA398P to Origin Energy 3
Browse Basin Transaction Summary Browse Basin Permits WA315P and WA398P (KAR 40% = 0%) Karoon signed a Sale and Purchase Agreement (Agreement) with Origin Energy Limited (Origin) for the sale of its 40% equity interest in WA315P and…
Strategy Update Karoons Strategy Unchanged Karoon continues to 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 Browse and Carnarvon Basin transactions delivered* 2 Transactions Santos and Tumbes Basin farmouts remain a priority and discussion are ongoing. These are Delivered YTD expected to provide further balance…
Operational Update Santos Basin Blocks SM1037, 1101, 1102, 1165, 1166 (KAR 65%) Rig tender selection is complete and a rig contract expected during June 2014 The rig contract is expected to include 2 firm wells and 2 option wells The…
18 mth Drilling Inventory Oil Oil (mmbbls) NET to Karoon 450 400 350 300 250 200 150 100 50 0 Kangaroo (Santos Basin) Kangaroo West (Santos Basin) WA482P Well TBC* Marina** (Tumbes Basin) Bonito** (Tumbes Basin)…
Appraisal Phase Santos Basin 9
Santos Basin 5 Blocks Santos Basin, Brazil Blocks SM1037, 1101 , 1102, 1165, 1166 Equity Interests: Karoon 65% (Operator), Pacific Rubiales 35% Progress to Date: Oil discoveries made at Kangaroo1 and Bilby1 The Discovery Appraisal Plan…
Santos Basin Well Locations 3D image of Kangaroo discovery and Kangaroo West prospect location, showing the salt diapir forming the structure Excellent 3D seismic data quality The structure is an elongate salt diapir with two…
Exploration Pipeline Carnarvon Basin Note the dotted outline over the discovered gas fields to the south west of Karoons permit is for size comparison purposes only 12
Carnarvon Basin WA482P The identified prospects and leads are mapped next to the oil prone kitchen Oil (mmbbls)* Net Unrisked Prospective Resource Undiscovered Permit Equity Interest Low Best High WA482P 50% 375 1,117 2,837 *…
Carnarvon Basin WA482P Carnarvon Basin, Australia Permit WA482P Equity Interests: Karoon 50%; Apache 50% (Operator) Farmout: During May 2014, Karoon farmedout a 50% interest in WA482P to US independent, Apache on the following terms:…
Exploration Pipeline Tumbes Basin 15
Tumbes Basin Block Z38 Tumbes Basin, Peru Block Z38 Equity Interests: Karoon 75% (Operator); Pitkin Petroleum 25% Progress to Date: Independently certified* net unrisked prospective resource Best estimate is 1,686 mmbbls, identified…
Other Assets WA314P, Browse Basin, Australia Equity Interests: KAR 90%, ConocoPhillips 10% (Operator) Processing and interpretation results from the Kraken 3D seismic survey over the Elvie prospect, acquired September 2013, expected…
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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