Karoon Gas Snapshot 1 Brazil farmedout 35% equity to Pacific Rubiales Energy Corp (PRE) Australian Browse Basin Drilling 67 wells on the Poseidon field: (subject to regulatory approval) Zephyros1 gas discovery (Kronos1 look alike)…
Investor Information 2 Substantial Shareholders 221 million shares Rank Name %ISC 11 million unlisted options 1 Wellington Management Company LLP 11.90 Market capitalisation approx A1.5 billion A6.75 2 Talbot Group 11.89 3…
Past. Present. Future. 3 What we have done What we are doing Australia Australia 2005 Acquired WA314P and WA315P (100%) Appraisal and exploration drilling 6 7 wells 20122014 2006 Farmout to ConocoPhillips Browse Basin farmingout an…
Key personnel BOARD AND SENIOR MANAGEMENT 4 ROBERT HOSKING EXECUTIVE CHAIRMAN CLARK DAVEY INDEPENDENT NONEXECUTIVE DIRECTOR Founding Director and shareholder of Karoon Gas with 35 years of commercial 30 years oil and gas accounting…
Brazil assets Regional Activity 5 Location: Santos Basin, Brazil. 300450m water depth. On trend with Piracuca, Newton, Muluza, Maruja, Tiro and Sidon fields. Prospective resource: 12 prospects and leads firmed up including 2 in…
Brazil assets Activity Summary 6 Santos Basin Farmout: Agreement for Pacific Rubiales Energy Corp to acquire a 35% interest in Karoons wholly owned Santos Basin Exploration Blocks, S M1101, SM1102, SM1037 , SM 1165. Pacific…
Brazil Santos Basin Drilling results 7 Kangaroo1 Oil Discovery Kangaroo1 Indicative Pressure data confirms a 25 metre oil Kangaroo2 column in Eocene interbedded sands. location Oil measured at 42 degrees API. Petrophysical analysis…
Brazil Santos basin Drilling results 8 Kangaroo contingent resources: Assessed in accordance according to PRMS standards. 1C value is low as the well intersected the column near the OWC and no updip oil can be included in this…
Brazil Santos Basin Bilby1 Oil discovery 9 Bilby oil Taipan Bilby Oil discovery field Prospect 33 degree API gravity oil recovered to surface from a sampling program in interbedded sands of Eocene to Maastrichtian age. Proven…
Brazil Santos Basin Presalt potential 10 Stingray & Great White Prospects: Additional large presalt prospects can now be explored with acreage retention assured with the Kangaroo success and oil shows in the Emu well. 3D…
Santos Basin Indicative development model and economics 11 Karoon Review June 2013
Santos Basin Indicative development model and economics 12 Karoon Review June 2013
Australian Assets 13 Karoon Review June 2013
Australian assets Browse Basin 14 Location: Browse Basin, Australia. 450600m water depth. On trend with Torosa, Brecknock and Calliance gas condensate fields. Other fields: Icthys, Argus, Prelude and Burnside. Karoon discovered…
Australian assets Browse Basin 15 Zephyros1 results: Zephyros1, located to the south west of other Greater Poseidon wells successfully tested a large tilted fault bock. The well penetrated a gas bearing reservoir sequence very…
Australian assets North Carnarvon Basin 16 WA482P Location: North Carnarvon Basin, Australia. 4002000m water depth. On trend with North Carnarvon Basin Mungaroo plays and Phoenix gas discovery. Prospective resource: 10 prospects and…
Australian assets North Carnarvon Basin 17 WA482P Prospect example: Prospective at a number of levels from Lower Jurassic Nth Rankin beds to Triassic, Top and IntraMungaroo Formation levels. 10 kms DELAMBRE 1 RMS AMPLITUDE…
Peru assets Block Z38 Tumbes Basin 18 Location: Tumbes basin water depths 300 1000m. Close to fields that have produced over 1.6 billion barrels of oil. Prospective resource range: 16 prospects and leads identified with current…
Peru Maranon Basin Block 144 20 Location: Maranon Basin, Peru. On trend with Situche Central oil field. Close to undercapacity oil export pipeline and major navigable rivers. Prospective resource range: 3 prospects being…
Activity summary 21 KAROON ACTIVITY 2013 2014 Indicative time line ( May 2013) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 BROWSE BASIN (Aust) Drilling (firm) Zephyros1 Proteus1 Grace1 Drilling options 3D Seismic interpretation NORTH CARNARVON…
DeGolyer & MacNaughton Assessment 22 Summary of DeGolyer and MacNaughton assessments of Karoon's Risked Number of Low Best High Mean Prospective and Contingent Resource Base as of 30th September 2009 Mean Prospects Estimate…
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