Karoon Energy Ltd · ASX:KAR
Karoon Energy — Non-Deal Roadshow (April 2023)
13 slides from Karoon Energy's roadshow presentation, Apr 3, 2023
Slide 1: Macquarie Asia Presentation cover letter
For personal use only 3 April 2023 Company Announcements Office ASX Limited Dear Sir / Madam Macquarie Asia Presentation Enclosed is a presentation that is to be made by the CEO and Managing Director this morning. This announcement was authorised by the CEO and Managing Director. Yours faithfully Da
Slide 2: Karoon Energy Macquarie Asia Roadshow April 2023
For personal use only Karoon Energy Macquarie Asia Roadshow April 2023
Slide 3: Disclaimer
Disclaimer For personal use only Disclaimer This presentation has been prepared by Karoon Energy Ltd. The information contained in this presentation is for information purposes only and does not constitute an offer to issue, or arrange to issue, securities or other financial products. The informatio
Slide 4: Overview of Karoon Energy
Overview of Karoon Energy Focus on oil offshore Brazil, and organic and inorganic growth opportunities For personal use only Oil producer with exposure to Brazilian oil industry: 100% owner/operator of high-quality producing Baúna field in BM-S-40 offshore Brazil, 55 MMbbl 2P reserves1 Building repu
Slide 5: Karoon interests in Santos Basin, Brazil
Karoon interests in Santos Basin, Brazil For personal use only Santos Neon Basin Goiá Baúna, Piracaba & Patola Clorita Itajai Production and Development Blocks Exploration Blocks Fields and Discoveries 50km Prospects 4
Slide 6: Strategy scorecard
Strategy scorecard Progress against October 2021 Strategic Refresh promises For personal use only Safe operations TRIR for both FY22 and 1H FY23 of 0.77 Reliable operations Uptime in 1H FY23 of 97.5% (excluding scheduled shut-downs) Emissions reductions focus, no significant environmental incidents,
Slide 7: Recent Progress
Recent Progress Underlying NPAT up 275% in 1H23, material production growth For personal use only Strong 1H23 operational Delivery of growth Sustainable operations Robust balance sheet and financial results activities One LTI, two MTI, TRIR 0.77 Baúna intervention program added First Sustainability
Slide 8: BM-S-40: Baúna, Patola and Piracaba
BM-S-40: Baúna, Patola and Piracaba Significant uplift following well interventions and Patola development For personal use only Baúna intervention campaign completed in Sept 2022. Initial incremental production BM-S-40 of >11,000 bopd (vs targeted 5,000 – 10,000 bopd). Peak production of >25,000 bo
Slide 9: Baúna reserves and resources
Baúna reserves and resources1 For personal use only Oil reserves at 31 December 2022 (MMbbl) BM-S-40 (Baúna, Piracaba and Patola) 1P 2P 3P Compared to 30 June 2022, reserves at 31 December 2022: Developed2 30.9 38.6 45.3 1P +6.3 MMbbl Undeveloped3 11.9 16.4 20.2 2P +10.2 MMbbl Total 42.8 55.0 65.5 %
Slide 10: Potential Neon development
Potential Neon development Control well drilling to reduce subsurface uncertainty First Neon control well, Neon -1, on flank of structure, reached TD of For personal use only 2,382m MD on 10 February 2023 2 : Neon Oil Accumulation 25m net pay interpreted, within pre-drill expectations 57m core acqui
Slide 11: Sustainability
Sustainability Focus on carbon emissions, social projects For personal use only Released first Sustainability Report in August 2022 Submitted second Modern Slavery Statement in December 2022 FY2022 carbon emissions lower than anticipated. Expect to achieve carbon neutrality1 on Baúna operations with
Slide 12: Assessing Inorganic Growth Options
Assessing Inorganic Growth Options Disciplined process to identify and pursue value-accretive growth opportunities For personal use only Continuing to actively screen inorganic growth opportunities Rigorous and disciplined screening process used, with key criteria including: Value accretive, with ac
Slide 13: Summary and Outlook
Summary and Outlook Focus on creating shareholder value For personal use only Initial production from Baúna interventions and Patola above expectations. Total production peaked at >40,000 bopd, currently rates are expected to decline to 33- 35,000 bopd prior to onset of normal natural decline levels