Karoon Energy Ltd · ASX:KAR
Karoon Energy — Karoon Gas Australia — Shareholder Meeting (June 2007)
12 slides from Karoon Energy's shareholder meeting presentation, Jun 22, 2007
Slide 1: Karoon Gas Australia Ltd EGM, 22nd June 2007
Slide 2: Disclaimer
Disclaimer This presentation contains statements that are subject to risk factors associated with oil and gas businesses. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables and changes in underlying assumptions that co
Slide 3: Karoon Gas Australia's key personnel
Karoon Gas Australia's key personnel JORG BEIN GEOPHYSICS MANAGER 36 years’ experience as a geophysicist and manager with Exxon and BHPB. ROBERT HOSKING EXECUTIVE CHAIRMAN Founding Director of Karoon Gas with 30 years of commercial experience, Involved in the oil and gas industry for 10 years. Found
Slide 4: The setting
The setting | | KAROON GAS AUSTRALIA MAP AREA Argus Gas/condensate field 2tcf ? Jo Woodside plans to spend US$20 billion on LNG development Scott Reef / Brecknock | giant Gas/condensate Inpex plans to spend a US$6 billion on LNG development Brewster/Dinicthys Gas/ condensate field 9.5ccf + fields 21
Slide 5: Farm-out
| AROON GAS AUSTRALIA Farm-out Karoon Gas Australia Ltd has entered into agreements to farm out up to a 60% interest in its Browse Basin permits, WA-3I4-P and WA-315-P, to the ConocoPhillips Group subsidiary company, ConocoPhillips Browse Basin Pty Ltd. ACQUISITION OF 51% INTEREST OPTION TO INCREASE
Slide 6: Permit Commitments
KAROON GAS AUSTRALIA Permit Commitments WA-314-P & WA-315-P WA-398-P Permit Permit Year Minimum Work Commitments | |Permit |Permit Year |Minimum Work Commitments Year Dates Year Dates Year 1 12 Nov 2001 to | Seismic re-interpretation Year 1 1 May 2007 to One Exploration Well 11 Nov 2002 => 30 April
Slide 7: Prospects & Leads
es Plaver Reservoir Prospects & Leads Moderate risk CE) U. Cretaceous Reservoir Leads High risk C) Karoon / ConocoPhillips acreage me pate janis OP neiius 1 waste ea weer Karoon 4 ConocoPhillips 51% 1a > eer ofl WA398-P Karoon 40%" CanocoPhillips 60%
Slide 8: Schematic disclaimer
a KAROON GAS AUSTRALIA Schematic disclaimer KAROON LNG/CONDENSATE/LPG DEVELOPMENT MODEL ECONOMICS Field development, pipeline and LNG facilities schematic (onshore LNG option) The Development Model Economics are internally generated and make broad assumptions relating to resources, technical, geolog
Slide 9: Schematic: Karoon LNG/Condensate/LPG
Schematic KAROON LNG/CONDEINSATE/LPG DEVELOPMENT MODEL ECONOMICS (7 TCF RESERVE CASES) Field developrnent. pipeline and LNG facilities schematic (onshore LNG option) A Gas/liquid separation Gas dehydration a Ny vi Gas/liquid fractionation ss 4 Produced water treatment/disposal Hydrocarbons stabilisa
Slide 10: Combined net cash flow
Combined net cash flow KAROON LNG/CONDENSATE/LPG DEVELOPMENT MODEL ECONOMICS Net cash flow for combined offshore liquids removal and onshore LNG — 100% Share 4000 PRRT begins 3000 2000 Exploration & Appraisal § 100 A - , t\ Sia e 2 Fa —1000 L— = § 200 g Z 3000 4000 Development 5000 T T T T T T T T T
Slide 11: Capex profile
KAROON GAS AUSTRAL Capex profile KAROON LNG/CONDENSATE/LPG DEVELOPMENT MODEL ECONOMICS Kareon 40% share — 2007 US dollars 1800 1600 2 = 140 § 2 120 4 £1000 a | 60 i<j 2 é “ Karoon 20% only 2 400 for 2 appraisal wells is Karoon 20% only | 3 200 ra Y 0 T T ea T Le T T xO7 2008 2009 2wI0 2011 2012 2013
Slide 12: Product revenues
1 a | KAROON GAS AUSTRALIA Product revenues KAROON LNG/CONDENSATE/LPG DEVELOPMENT MODEL ECONOMICS Produce revenues for combined offshore liquids removal and onshore LNG — 100% Share Product Revenues (US$million) 6000 5000 2007 2008 2009 2010 201! 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 202
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