Karoon Energy Ltd · ASX:KAR

Karoon Energy — Karoon Gas Australia — Shareholder Meeting (November 2010)

12 slides from Karoon Energy's shareholder meeting presentation, Nov 18, 2010

  1. Slide 1: Karoon AGM Review Operational Update

    1 KAROON AGM REVIEW OPERATIONAL UPDATE NOVEMBER 17TH 2010 For personal use only KAROON AGM REVIEW OPERATIONAL UPDATE November 18th 2010

  2. Slide 2: Karoon Gas snapshot

    2 KAROON AGM REVIEW OPERATIONAL UPDATE NOVEMBER 17TH 2010 Karoon Gas snapshot For personal use only n Approximately 217 million shares and 8.4 million options n Poseidon-1 gas discovery Contingent Resource estimate n Market capitalisation approximately A$2 billion @A$9.14 (P90-3TCF, P50-7TCF, P10-15

  3. Slide 3: Browse Basin

    3 KAROON AGM REVIEW OPERATIONAL UPDATE NOVEMBER 17TH 2010 Browse Basin For personal use only BHP Billiton GRACE P50 5.7tcf Argus Gas/condensate WA-314-P, WA-315-P & WA-398-P field 2tcf ? (Karoon estimate) Abalone 1 Karoon 40% ConocoPhillips 60% Phrixus 1 ARGUS Lead-E WA-314-P P50 5 tcf Buffon-1 Kont

  4. Slide 4: Browse Basin – Poseidon Field

    4 KAROON AGM REVIEW OPERATIONAL UPDATE NOVEMBER 17TH 2010 Browse Basin – Poseidon Field For personal use only Poseidon-1 Kronos-1 Future Plans nW ell data from the three wells drilled on the greater Poseidon structure will be analysed over the coming months, together with the new Poseidon 3D seismic

  5. Slide 5: Browse Basin – Indicative Time line

    5 KAROON AGM REVIEW OPERATIONAL UPDATE NOVEMBER 17TH 2010 Browse Basin – Indicative Time line For personal use only Karoon activity 2009 2010 2011 2012 2013 Indicative time line (@Nov 2010) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Past Future BROWSE BASIN (Aust) Drilling (firm) Poseidon

  6. Slide 6: Indicative project concept

    6 KAROON AGM REVIEW OPERATIONAL UPDATE NOVEMBER 17TH 2010 Indicative project concept For personal use only Karoon LNG/condensate indicative development model economics (assuming a discovery of 7 TCF and based on independent third party design concepts). Field development, pipeline and LNG facilities

  7. Slide 7: Combined net cash flow

    7 KAROON AGM REVIEW OPERATIONAL UPDATE NOVEMBER 17TH 2010 Combined net cash flow For personal use only Karoon LNG/condensate indicative development model economics. Net cash flow for combined offshore liquids removal and onshore LNG – 100% Share. 4000 PRRT begins 3000 2000 Field appraisal & feasibil

  8. Slide 8: Karoon indicative development model economics

    8 KAROON AGM REVIEW OPERATIONAL UPDATE NOVEMBER 17TH 2010 Karoon indicative development model economics For personal use only Product revenues Capex profile Product revenues for combined offshore liquids removal – 2009 US dollars and onshore LNG – 100% Share. 4500 Product Revenues (US$million) CAPEX

  9. Slide 9: AC/P8

    9 KAROON AGM REVIEW OPERATIONAL UPDATE NOVEMBER 17TH 2010 AC/P8 For personal use only Location: Close to the Laminaria/Corallina production facility with production tie in potential. JPDA 06-105 Potential: Main prospect ‘Jania’ with up to 20mmbl potential prospective resource. Claudia-1 5 additional

  10. Slide 10: Brazil Santos Basin - Marujá-1 location

    11 KAROON AGM REVIEW OPERATIONAL UPDATE NOVEMBER 17TH 2010 Brazil Santos Basin -Marujá-1 location For personal use only Piracuoá Piracucá Field Santo 230km Light oil and gas disoveries within Karoon Operated Blocks Tertiary aged reservoirs whih have s 100% equity S-M-1037 Light oil and gas discocere

  11. Slide 11: Brazil Santos Basin - Maruja oil field discovery

    17 KAROON AGM REVIEW OPERATIONAL UPDATE NOVEMBER 17TH 2010 Brazil Santos Basin - Maruja oil field discovery For personal use only TIRO Field Maruja Prospect Discovery of light oil to the south of Santos Basin (Petrobras announcement) Rio de Janeiro, November 16th, 2010 - Petróleo Brasileiro SA - Pet

  12. Slide 12: Disclaimer

    27 KAROON AGM REVIEW OPERATIONAL UPDATE NOVEMBER 17TH 2010 Disclaimer For personal use only This presentation has been prepared by Karoon Gas Before making an investment decision, you should consider, Australia Limited for professional and sophisticated with or without the assistance of a financial

Karoon Gas Australia — Shareholder Meeting (November 2010) on 6ix