Karoon Energy Ltd · ASX:KAR
Karoon Energy — Euroz Hartleys Energy Forum 2023
9 slides from Karoon Energy's conference presentation, Sep 5, 2023
Slide 1: Presentation for Euroz Hartleys Energy Forum
05 September 2023 Company Announcements Office ASX Limited Dear Sir / Madam For personal use only Presentation for Euroz Hartleys Energy Forum 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. Your
Slide 2: Karoon Energy - Euroz Hartleys Energy Forum
For personal use only Karoon Energy Euroz Hartleys Energy Forum September 2023
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 Focus on oil production offshore Brazil as well as organic & inorganic opportunities Oil producer with exposure to Brazilian oil industry: For personal use only 100% owner/operator of high quality Baúna field in BM-S-40 offshore Brazil, 52 MMbbl 2P reserves1 Building reputa
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 Block S-M-1537 Itajaí Production and Development Blocks Exploration Blocks Fields and Discoveries 50km Prospects 4
Slide 6: Solid finish to FY23
Solid finish to FY23 Higher production and lower capex expected over next 12 months Production and revenue Capex 566.5 Higher production 250 238.4 12 600 in FY23 saw Limited capex For personal use only expected over the Production volumes (MMbbl) 44.8 10 500 revenue up 47% 200 next 12 months Sales r
Slide 7: BM-S-40: Baúna, Patola and Piracaba
BM-S-40: Baúna, Patola and Piracaba Interventions and Patola delivered safely, on time and below budget BM-S-40 Baúna intervention campaign completed in Sept 2022. Initial incremental production >11,000 bopd (targeted 5,000 – 10,000 bopd). Peak production For personal use only >25,000 bopd achieved
Slide 8: Potential Neon development
Potential Neon development Control wells drilled safely and below budget; feasibility studies underway Both Neon control wells successful, achieved pre-drill objectives: For personal use only Neon-1 confirmed 39 API oil and oil-water contacts closely aligned to seismic predictions Neon-2 confirmed 3
Slide 9: Summary
Summary Focus on creating shareholder value Significant progress on delivering strategic objectives in FY23, with For personal use only production increase from 12,600 bopd to ~34,000 bopd at year end, unit cash cost reduced to US$15.75/bbl Production expected to increase to 9 – 11 MMbbl in NTM, wit