Karoon Energy Ltd · ASX:KAR
Karoon Energy — Origin Energy — Merger or Acquisition (June 2014)
13 slides from Karoon Energy's merger presentation, Jun 2, 2014
Slide 1: ASX announcement cover note
For personal use only To Company Announcements Office Facsimile 1300 135 638 Company ASX Limited Date 2 June 2014 From Helen Hardy Pages 13 Subject ORG: Investor Presentation: Browse Basin acquisition Please find attached a release on the above subject. Regards Helen Hardy Company Secretary 02 8345
Slide 2: Investor Presentation – Browse Basin acquisition
For personal use only Origin Energy Investor Presentation – Browse Basin acquisition Grant King, Managing Director 2 June 2014
Slide 3: Important Notice
Important Notice For personal use only Forward looking statements This presentation contains forward looking statements, including statements of current intention, statements of opinion and predictions as to possible future events. Such statements are not statements of fact and there can be no certa
Slide 4: Origin's strategy of connecting resources to markets
Since Origin was established in 2000 it has pursued a strategy of connecting resources to markets … For personal use only The leading integrated energy markets business in Australia and New Zealand Flexible and diverse fuel portfolio Flexible and diverse generation portfolio Leading retail cus
Slide 5: Significant investment through to 2017 will see LNG capacity on line across Australia
Significant investment through to 2017 will see around 85 mtpa1 of LNG capacity on line across Australia … For personal use only Darwin LNG Ichthys Exporting to Asia Pacific ~12 mtpa markets where demand is set to almost double Prelude ~ 3.5 mtpa from 175 mtpa in 2013 to 325 mtpa in 20251 NWS Pluto
Slide 6: Australia's investment in LNG export projects transforming the domestic gas market
Australia’s investment in LNG export projects are transforming the domestic gas market … For personal use only World LNG Production1 Australia’s East Coast Gas Demand2 mtpa PJ 90 2,500 80 LNG 2012 2019 70 Domestic 2,000 60 50 40 1,500 30 20 1,000 10 0 500 0 2012 2019 Australia forecast to emerge as
Slide 7: Origin is a leading developer of east coast conventional gas and CSG
Origin is a leading developer of east coast conventional gas and CSG … For personal use only • Developments and ongoing exploration at HBW, Speculant and Yolla in Otway OIL AND GAS and Bass basins. Origin as operator Conventional • Exploration with MEO in the Bonaparte Basin. Origin as operator • Ex
Slide 8: Two highly prospective unconventional gas opportunities secured
Origin has recently secured two highly prospective unconventional gas opportunities … For personal use only Cooper Basin1 Beetaloo Basin1,2 • Prospective Allunga, Nappamerri and • Significant unconventional gas exploration Patchawarra troughs position in one of NT’s most prospective • Exposure to un
Slide 9: Conditional agreement to acquire 40% interest in Greater Poseidon area
Today’s conditional agreement to acquire a 40% interest in the Greater Poseidon area allows Origin to establish a strategic position For personal use only Browse and Bonaparte Basins have experienced extensive exploration activity yielding several significant gas discoveries in last decade including
Slide 10: Origin will pay Karoon US$600 million plus additional payments
Origin will pay Karoon US$600 million with additional payments of US$75 million payable upon a project FID, US$75 million payable on first production and up to US$50 million1 on reserve thresholds … For personal use only Browse Basin • 40% interest in two exploration permits (WA-315-P and WA-398-P)
Slide 11: Drawdown refinanced through equity raising of around $1 billion
The drawdown associated with this acquisition will be refinanced through an equity raising of around $1 billion … For personal use only Transaction US$600 million plus US$75 million at a project FID and Consideration US$75 million at first production1 To be funded by The drawdown of existing committ
Slide 12: Australia Pacific LNG will deliver a step change in earnings and cash flow
Australia Pacific LNG will deliver a step change in earnings and cash flow from mid-2015 For personal use only • The transaction complements recent farm-ins in South Australia’s Cooper Basin and Northern Territory’s Beetaloo Basin, thereby increasing Origin’s exposure to growing demand for natural g
Slide 13: Thank you
For personal use only Thank you For more information David Moon Group Manager, Investor Relations Email: david.moon@originenergy.com.au Office: +61 2 9375 5816 Mobile: + 61 437 039 310 www.originenergy.com.au