Karoon Energy Ltd · ASX:KAR
Karoon Energy — Investor Presentation (January 2024)
11 slides from Karoon Energy's investor presentation, Jan 18, 2024
Slide 1: ASX cover letter: Shaw and Partners Network Briefing Presentation
18 January 2024 Company Announcements Office ASX Limited Dear Sir / Madam For personal use only Shaw and Partners Network Briefing Presentation 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. You
Slide 2: Karoon Energy Network Briefing Presentation
For personal use only Karoon Energy Network Briefing Presentation January 2024
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 Oil production offshore Brazil, recent acquisition in US Gulf of Mexico and material organic growth opportunities For personal use only Recently acquired Interests in two world class oil and gas basins: Interests in Who Dat, Dome Patrol and 100% owner/operator of high quali
Slide 5: Karoon's interests in the Santos Basin, Brazil
Karoon’s interests in the Santos Basin, Brazil For personal use only Neon Santos Goiá Basin Baúna, Piracaba & Patola Block S-M-1356 Production and Development Blocks Block S-M-1537 Exploration Block S-M-1482 Blocks Fields and Itajaí Discoveries Prospects 50km 4
Slide 6: Acquisition of Who Dat assets in Gulf of Mexico
Acquisition of Who Dat assets in Gulf of Mexico Compelling value proposition For personal use only Karoon acquired1 30% interest in offshore Who Dat and Dome Patrol Acquisition consideration of US$720m6 funded by cash, debt and a oil and gas fields, associated infrastructure and adjacent exploration
Slide 7: High margin production asset
High margin production asset Material growth underway, with development and exploration upside For personal use only Location Mississippi Canyon, US Gulf of Mexico (offshore Louisiana, ~800m water US Gulf of Mexico – Mississippi Canyon, United depth) States FY23 (LTM Jul23) production ~33,000 boepd
Slide 8: Transformational impact
Transformational impact Material increase in Reserves, Resources and production For personal use only CY24E Production Guidance 2P Reserves (MMboe)1 2C + 2U Resources (MMboe)1,4 (MMboe)2,3 Oil Gas 2C 2U Guidance range Potential conversion of 5.6 MMboe (NRI) of 2C Resources to 2P Reserves following a
Slide 9: BM-S-40: Baúna, Patola and Piracaba
BM-S-40: Baúna, Patola and Piracaba Interventions and Patola delivered safely, on time and within budget For personal use only BM-S-40 Baúna intervention campaign and Patola development completed during FY23 PRA-1 Personal safety improved on FY22 and no material environmental SPS-93 SPS-57 SPS-92 in
Slide 10: Organic Growth: Potential Neon development
Organic Growth: Potential Neon development Control wells drilled safely and below budget; feasibility studies underway For personal use only Both Neon control wells successful, achieved pre-drill objectives: Neon-1 confirmed 39 API oil and oil-water contacts closely aligned to seismic predictions Ne
Slide 11: Karoon Energy
Or personal 4 KAROON ENERGY