Karoon Energy Ltd · ASX:KAR
Karoon Energy — Foster Stockbroking Brazil Resources Conference 2024
12 slides from Karoon Energy's conference presentation, Feb 2, 2024
Slide 1: ASX cover letter: Brazil Resources Conference Presentation
02 February 2024 Company Announcements Office ASX Limited Dear Sir / Madam Brazil Resources Conference Presentation Enclosed is a presentation that is to be made by the CEO and Managing Director today. This announcement was authorised by the CEO and Managing Director. Yours faithfully Daniel Murnane
Slide 2: Karoon Energy Foster Stockbroking Brazil Resources Conference
Karoon Energy Foster Stockbroking Brazil Resources Conference February 2024
Slide 3: Disclaimer
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 information contained in this presentation
Slide 4: Overview of Karoon Energy
Overview of Karoon Energy Oil production offshore Brazil, recent acquisition in US Gulf of Mexico Recently acquired Interests in two world class oil and gas basins: Interests in Who Dat, 100% owner/operator of high quality Baúna Project in BM-S-40 offshore Brazil Dome Patrol and adjacent acreage in
Slide 5: Karoon's interests in the Santos Basin, Brazil
Karoon’s interests in the Santos Basin, Brazil Neon Santos Goiá Basin Baúna, Piracaba & Patola Block S-M-13561 Production and Development Blocks Block S-M-1537 Exploration Block S-M-14821 Blocks Fields and Itajaí Discoveries Prospects 50km 1. Formal granting of the blocks is expected to occur in the
Slide 6: Fiscal regime comparison
Fiscal regime comparison US Deepwater Gulf of Mexico Brazil Net working interest (NWI) oil and Net working interest (NWI) oil and PRMS compliant Reserves, Resources gas production gas production and production Less: ONRR(1) royalty Less: ANP(4) royalty share 12.50% (18.75% for post-2022 leases) 10%
Slide 7: BM-S-40: Baúna, Patola and Piracaba
BM-S-40: Baúna, Patola and Piracaba Reservoir performance in line with current expectations BM-S-40 No Lost Time or Recordable incidents for Calendar Year 2023 Baúna Project production 5.38 MMbbl for six months to 31 December 2023 PRA-1 SPS-57 December quarterly production impacted by operational is
Slide 8: Organic Growth: Potential Neon development
Organic Growth: Potential Neon development Decision on entering Concept Select phase remains on track for Q1 CY24 Successful Neon control wells drilled in FY23 achieved pre-drill objectives. Control well results have helped de-risk Neon Technical and commercial feasibility studies underway including
Slide 9: Acquisition of Who Dat assets in Gulf of Mexico
Acquisition of Who Dat assets in Gulf of Mexico Compelling value proposition Karoon acquired1 30% interest in offshore Who Dat and Dome Patrol Acquisition consideration of US$720m6 funded by cash, debt and a oil and gas fields, associated infrastructure and adjacent exploration fully underwritten eq
Slide 10: High margin production asset
High margin production asset Growth underway with development and exploration opportunities Location Mississippi Canyon, US Gulf of Mexico (offshore Louisiana, ~800m water US Gulf of Mexico – Mississippi Canyon, United depth) States Production for 12 months to July-23 ~33,000 boepd 1 - 61% oil / 39%
Slide 11: Summary
Summary Focus on creating long term shareholder value First priority of safe, reliable and sustainable operations Year on year production increases materially with addition of GoM assets. Production guidance for CY24 of 11.2 – 13.5 MMboe1 Strong balance sheet post GoM purchase. Net debt at 31 Decemb
Slide 12: Karoon Energy
KAROON ENERGY
Karoon Energy — Foster Stockbroking Brazil Resources Conference 2024 on 6ix