Karoon Gas Snapshot 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) Santos…
Investor Information Substantial Shareholders 221 million shares Rank Name %ISC 11 million unlisted options 1 Wellington Management Company LLP 12.70 Market capitalisation approximately A1.3 billion A6.00 2 Talbot Group 11.89 3…
Past. Present. Future. 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…
Brazil assets Karoon Review July 2013 4
Brazil assets Regional Activity Location: Santos Basin, Brazil. 300450 metre water depth. On trend with Piracuca, Newton, Muluza, Maruja, Tiro and Sidon fields. Prospective resource: Post drilling, 6 prospects and leads firmed…
Brazil assets Activity Summary 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…
Santos Basin Kangaroo1 Oil Discovery 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…
Santos Basin Kangaroo1 Oil Discovery 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…
Santos Basin Bilby1 Oil Discovery Bilby oil South Bilby Bilby Oil discovery field Prospect 33 degree API gravity oil recovered from Eocene to Maastrichtian ages sandstones. Proven oil column of 320 metres from pressure…
Brazil Santos Basin Presalt potential 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 seismic…
Santos Basin Operational summary Acreage and Permitting Submissions have been made to the ANP for approval of appraisal work program plans. Farmout Status Karoon seeking to farm down about 15% equity ahead of drilling program…
Australian assets Karoon Review July 2013 12
Australian assets Karoon Review July 2013 13
Australian assets Browse Basin 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 resource:…
Australian assets Browse Basin 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 similar…
Browse Basin Operational summary Acreage and Permitting All permits in good standing with the government ,with planned wells fulfilling Work Program requirements. WA314P 3D Seismic EP approved in July. Farmout Ptatus WA314P.…
Australian assets North Carnarvon Basin WA482P Location: North Carnarvon Basin, Australia. 4002000m water depth. On trend with North Carnarvon Basin Mungaroo plays and Phoenix gas discovery. Prospective resource: 6 prospects with…
Carnarvon Basin Operational summary Acreage and permitting Permit in good standing with the government, with current 3D seismic fulfilling Work Program requirements for years 1 and 2. WA314P 3D Seismic EP approved in July.…
Peru assets Karoon Review July 2013 19
Tumbes Basin Block Z38 Location: Tumbes Basin water depths 300 1000metres. Close to fields that have produced over 1.6 billion barrels of oil. Prospective resource range: 16 prospects and leads identified with current Net Unrisked…
Tumbes Basin Drilling candidates Bonito Prospect Other Prospects: Merluza 1 will test three overlying prospects, Balenn, Merluza H60 Mean Prospective Resource 51 million barrels. Baleen (all) Mean Prospective Resource 189…
Tumbes Basin Operational summary Acreage and Permitting Block Z 38 is in good standing with the government and have 2 wells to be drilled within 18months to meet permit requirements. Environmental Plan (EIA) for drilling operations…
Maranon Basin Block 144 Karoon Review July 2013 23
Maranon Basin Block 144 Location: Prospects and leads Maranon Basin, Peru. On trend with Situche Central oil field. Close to undercapacity oil export pipeline and major navigable rivers. Prospective resource range: 15 prospects…
Maranon Basin Operational summary Acreage and Permitting Currently in Permit period 2 and in force majeure from June 2012 pending environmental approval. Permit work program commitment of 300km seismic acquisition program will…
Activity summary KAROON ACTIVITY 2013 2014 Indicative time line ( July 2013) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 BROWSE BASIN (Aust) Drilling (firm) Zephyros1 Proteus1 Grace1 Drilling location options to be advised 3D Seismic…
DeGolyer & MacNaughton Assessment 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 Estimate…
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