Karoon Gas Australia Ltd Corporate Review April 2015 Production Testing at Kangaroo-2 Queiroz Galvo Olinda Star Semi Submersible Drilling Rig
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 4
Corporate Overview The Strategy: Karoon looks for high equity interests in early stage exploration provides opportunities with large potential targets in proven petroleum systems. The Companys objective is to create shareholder value…
Investment Highlights Exploration led growth strategy delivering 67% exploration drilling success rate over Proven Track Record Karoons history (from 18 exploration wells). 2 material oil exploration wells planned for JuneQuarter…
FY15 Capital Program FY15 exploration & appraisal (E&A) drilling expenditure forecast is approximately US180 million across 4 wells and 2 sidetracks at Kangaroo2. One well option taken up in Santos Basin drilling program for…
2H FY15 Drilling Inventory 400 Prospect Target, Oil mmbbls Echidna-1, Santos Basin, Brazil: 350 Same play type and geological setting to the Kangaroo oil 300 field on the Eastern side of salt diapirs. 250 Echidna prospect is lower…
Santos Basin 6 Blocks 9
Santos Basin 5 Blocks Santos Basin, Brazil - Blocks S-M-1037, 1101 , 1102, 1165, 1166 Equity Interests: Karoon 65% (Operator), Pacific Rubiales 35%. Progress To Date: Kangaroo1 and Bilby1 oil discoveries announced during 2013.…
Santos Basin Development Options Pre-FEED development concepts involve the use of a single FPSO and variations of a production platform which will allow; Low cost development drilling. Dry trees for managing multiple reservoirs.…
Kangaroo Field Well Results Kangaroo-1 Intersected 76 metre gross oil column, 42 degree API oil. Kangaroo1 Kangaroo-2 (oil discovery) Intersected 250m gross reservoir (133 metres net) across five separate oil columns of Paleocene and…
Forward Program Echidna1 Echidna-1 Paleocene anomaly 1km Maastrichtian anomaly Echidna1 is located on the East side of a salt structure and is the same trap type as proven at Kangaroo. Lower density faulting and dips…
Carnarvon Basin Levitt-1 (proposed) 14
Exploration Permit WA482P Carnarvon Basin, Australia Permit WA-482-P Equity Interests: Karoon 50%; Apache 50% (Operator). Progress To Date: Current independently assessed unrisked prospective resource range (table below) are from…
Carnarvon Basin WA482P Levitt1 proposed Wigmore Sub-basin Capreolus 3D Seismic section AA 50km Levitt1 is well positioned to receive migrating hydrocarbons from the oil mature Early Jurassic Wigmore subbasin source…
Carnarvon Basin WA482P NE-SW seismic section AA through Levitt Prospect Wigmore Sub-basin source rocks Levitt Prospect Levitt-1 Prospective targets at Legendre and North Rankin Fm. levels. Gross unrisked prospective…
Tumbes Basin 18
Exploration Block Z38 Tumbes Basin, Peru - Block Z-38 Equity Interests: Karoon 75% (Operator); Pitkin Petroleum 25%. Progress to Date: Independently assessed net unrisked prospective resource Best Estimate 1,686 mmbbls (across 18…
Tumbes Basin Z38 Marina Prospect Marina Prospect Intra Tumbes horizon time map with Intra Tumbes full stack trough amplitude seismic anomaly. Good concordance with structural highs with some conformity with time contours.…
Browse Basin 21
Exploration Block WA314P Browse Basin, Australia - Permit WA-314-P Equity Interest: Karoon 100% (Operator). Progress to Date: Kraken 3D seismic processed data received. Current (Year 6) work program commitment comprises G&G studies.…
WA314P Seismic Old 2D seismic over Elvie Prospect Kraken 3D over Elvie Prospect Paleocene Turbidite onlap play Plover reservoir half grabens Results; Accurate depth imaging under rugose seafloor. Imaging of fault blocks…
WA314P Elvie prospect Good seal present Seismic anomaly supports the presence of Interval velocity inversion reservoir and hydrocarbon charge suggesting moderate Near v Mid substacks , normalized for overburden amplitude overpressures…
Other Assets Block 144, Maran Basin, Peru Equity Interest: KAR 100% (Operator). Progress to Date: Farmout process commenced, preliminary interest received and data room slots being scheduled. The Block is currently in force majeure.…
Corporate Social Responsibility Karoon is committed to the equitable and sustainable development of the environment and the communities in regions where we operate 26
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…
Contact Information For further information please see the Karoon website or contact: Investor Relations Manager James Wootton T: +613 9616 7520 E: jwoottonkaroongas.com.au Collins Street Media Ian Howarth T: +614 0782 2319 E:…
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