Karoon Energy Ltd · ASX:KAR
Karoon Energy — Karoon Gas Australia — Investor Presentation (December 2012)
23 slides from Karoon Energy's investor presentation, December 2012
Slide 1: Karoon Gas Australia Ltd – December Review 2012
KAROON GAS AUSTRALIA LTD December Review 2012
Slide 2: Karoon Gas – snapshot
Karoon Gas – snapshot Brazil Farmed-out 35% equity to Pacific Rubiales Energy Corp * Australian Browse Basin Drilling progressing – 5-8 wells Three well Santos Basin Exploration Drilling Campaign set to Poseidon field: commence December 2012 Boreas-1 intersects target objective. Drill stem
Slide 3: Investor information
Investor information May 09: 221 million shares Poseidon discovery 12 million unlisted options Mar 12: Nov 07: Expected drilling Browse Market capitalisation approx Nov 04: Awarded Santos Blocks A$1.1 billion @ A$5.00 Awarded Browse Blocks Sep 11: European crisis Cash at bank A$247 million a
Slide 4: Past. Present. Future.
Past. Present. Future. What we have done What we are doing Australia- Australia Appraisal and exploration drilling 5-8 wells 2012- 2005 -Acquired WA-314-P and WA-315- • • 2014 P (100%) 2006 - Farm-out to ConocoPhillips • Browse Basin - farming-out an interest in WA-314-P 2007 - Acquired WA-3
Slide 5: Key personnel
Key personnel BOARD AND SENIOR MANAGEMENT ROBERT HOSKING – EXECUTIVE CHAIRMAN CLARK DAVEY – INDEPENDENT NON-EXECUTIVE DIRECTOR Founding Director and shareholder of Karoon Gas with 35 years of commercial experience. 30 years oil and gas accounting experience with PWC and private consulting. Energy an
Slide 6: Brazilian assets - Regional Activity
Brazilian assets- Regional Activity Location: Santos Basin, Brazil. 300-400m water depth. On trend with Piracuca, Newton, Muluza, Maruja, Tiro and Sidon fields Prospective resource: 15 prospects and leads firmed up including 2 in pre-salt section Current Karoon Net Unrisked Mean Prospective
Slide 7: Brazil assets – Activity Summary
Brazil assets – Activity Summary Santos Basin Farm-out Agreement for Pacific Rubiales Energy Corp to acquire a 35% interest in Karoon’s wholly owned Santos Basin Exploration Blocks, S- M-1101, S-M-1102, S-M-1037 and S-M-1165 with an option to acquire a 35% interest in S-M-1166 Pacific Rubiales Ene
Slide 8: Brazil assets – Drill target comparison, seismic inversion
Brazil assets – Drill target comparison, seismic inversion Seismic attribute study results Seismic amplitude and inversion tools work best where rock and fluid properties are Piracuca oil field (3 wells) seismic suitable. inversion calibration. Ambiguous results can occur with thin and Canario-1 Cam
Slide 9: Brazil Santos Basin - Drilling candidates
Brazil Santos Basin - Drilling candidates Kangaroo Prospect Primary target is the Campanian sands interval which show a good seismic DHI (Direct Hydrocarbon indicator) Gross Prospective resource total for all levels - Mean 272mmbls to High case 387 mmbls. Primary target Mean 146 mmbls to High case 2
Slide 10: Brazil Santos Basin - Drilling candidates
Brazil Santos Basin - Drilling candidates Emu/Cassowary Prospect Bilby Prospect Target intervals indicated in yellow (sandstones) Target sand intervals indicated in yellow (sandstones) Primary target is the Campanian and Santonian Primary target is the Campanian sand intervals which show a sand inte
Slide 11: Santos Basin
Santos Basin Indicative development model and economics Karoon Review December 2012 10
Slide 12: Santos Basin
Santos Basin Indicative development model and economics Karoon Review December 2012 11
Slide 13: Australian assets
Australian assets Karoon Review December 2012 12
Slide 14: Australian assets – Browse Basin
Australian assets – Browse Basin Location: Browse Basin, Australia. 450-600m water depth. On trend with Torosa, Brecknock and Calliance gas condensate fields. Other fields: Ichthys, Argus, Prelude and Burnside Karoon discovered resource: Previously announced Contingent Resource Range will be subje
Slide 15: Australian assets – Browse Basin
Australian assets – Browse Basin Boreas-1 test results: Pressure and flow data modelling by Karoon indicates that the Boreas test interval could flow at rates between 100 and 250 mmscfpd in a development case using 7" tubing above the bottom production liner if operated at 500-1000 psia surface pr
Slide 16: Australian assets – North Carnarvon Basin
Australian assets – North Carnarvon Basin WA-482-P Location: North Carnarvon Basin, Australia. 400-2000m water depth. On trend with North Carnarvon Basin Mungaroo plays and Phoenix gas discovery Prospective resource: 4 prospects and leads with multiple tcf potential Interest: Earning 100% equi
Slide 17: Australian assets – North Carnarvon Basin
Australian assets – North Carnarvon Basin WA-482-P Prospect example Prospective at a number of levels from Lower Jurassic Nth Rankin beds to Triassic, Top and Intra- Mungaroo Formation levels. 10 kms DELAMBRE 1 RMS AMPLITUDE MAP NORTH RANKIN BEDS Karoon Review December 2012 16
Slide 18: Peru assets – Block Z-38 – Tumbes Basin
Peru assets – Block Z-38 – Tumbes Basin Location: Tumbes basin water depths 300- 1000m. Close to fields that have produced over 1.6 billion barrels of oil Prospective resource range 16 prospects and leads identified with current Net Unrisked Mean Prospective Resources totalling 1.92 billion barr
Slide 19: Peru assets – Tumbes Basin Drilling candidates
Peru assets –Tumbes Basin Drilling candidates Merluza Marina H40 Merluza, Marina and Marlin Prospects Target Baleen Target Target sand intervals indicated in yellow H50 Target MARINA H60 Targets H55 Targets MERLUZA H70 Targets MARLIN H80 Marlin H80 Marlin Target Target BALEEN downdip Merluza-1 will
Slide 20: Peru Maranon Basin - Block 144
Peru Maranon Basin - Block 144 Location: Maranon Basin, Peru. On trend with Situche Central oil field. Close to under-capacity oil export pipeline and major navigable rivers Prospective resource range: 3 prospects being evaluated Interest: 100% equity Forward plans: Acquire 2D seismic in the
Slide 21: Activity summary
Activity summary KAROON ACTIVITY 2012 2013 2014 Indicative time line (@ October 2012) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 BROWSE BASIN (Aust) Drilling (firm) Boreas-1 Zephyros-1 Proteus-1 Drilling options 3D Seismic interpretation NORTH CARNARVON BASIN (Aust) Acquired permit 3D Seismic acquisition P
Slide 22: DeGolyer & MacNaughton Assessment
DeGolyer & MacNaughton Assessment Summary of DeGolyer and MacNaughton assessments of Karoon's Risked Number of Low Best High Mean Prospective and Contingent Resource Base as of 30th September 2009 Mean Prospects Estimate Estimate Estimate Estimate and September 2012 Estimate and Leads GAS Net Contin
Slide 23: Disclaimer
Disclaimer This presentation has been prepared by Karoon Gas Australia Ltd for professional and sophisticated investors. Before making an investment decision, you should consider, The information contained in this presentation is for with or without the assistance of a financial adviser, whether
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