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 Karoon has an attractive portfolio of development and exploration assets in Brazil, Australia and Peru, a quality technical team and a strong balance sheet to pursue organic growth and acquisitions Continued focus on…
Strategy Karoons strategic vision is to transform into a global Exploration & Production (E&P) company with material production underpinning a highly prospective exploration portfolio Production Asset Acquisition Karoon is pursuing a…
Karoons History in Brazil: The Santos Basin Karoon has a decade of technical and operational experience in the southern Santos Basin Karoon entered Brazil 2008/100% interest in 5 blocks Karoon farmed-out 5 blocks to PRE for 35%…
Echidna and Kangaroo: Light Oil Discoveries Echidna development focused on a capital efficient, risk weighted concept that is economically robust Between 2013 and 2015 Karoon operated 2 drilling campaigns totaling 6 wells Potential…
Echidna: Declaration of Commerciality and Development Tendering Phase Echidna Development FID Risk sharing and funding flexibility with possible deferred capex payment, equipment financing solutions i.e. wells/opex Aim to achieve a…
Peru: Tumbes Basin Exploration Advanced geophysical studies have identified new younger and shallower targets Farm-out to Tullow Oil announced January 2018, maintaining operatorship and reducing interest from 75% to 40% (Tullow 35%,…
Peru: Tumbes Basin Exploration (continued) Advanced geophysical studies have identified new younger and shallower targets Detailed mapping and seismic pore-fill attribute extraction strongly support the presence of trapped…
Australia: Carnarvon Basin Exploration A good neighbourhood with significant oil potential KAR (50%), Quadrant (Operator) 50% Large 13,539 km2 block in an emerging oil prone area Farmed-out 50% to Quadrant in 2014 for US5mm in back…
Australia: Ceduna Sub-Basin Exploration Low cost entry into high potential frontier basin KAR 100%, awarded EPP46 in October 2016 Large, 17,649 sq. km basin in emerging frontier, prospective for oil and gas Multiple potential trap…
Our Capability Karoon has the people and resources needed to achieve strategic goals Grade A Operator Status in Brazil Offices in Rio de Janeiro and Lima with established and highly respected local relationships Highly experienced…
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