Karoon Energy Ltd · ASX:KAR
Karoon Energy — Macquarie Australia Conference 2021
16 slides from Karoon Energy's conference presentation, May 4, 2021
Slide 1: ASX cover letter for Macquarie Australia Conference presentation
4 May 2021 For personal use only Company Announcements Office ASX Limited Dear Sir / Madam Presentation for Macquarie Australia Conference 2021 Attached is a presentation to be made by the CEO and Managing Director later today. This announcement was authorised by the Company Secretary. Yours faithfu
Slide 2: Karoon Energy Update – Macquarie Australia Conference
For personal use only Karoon Energy Update Macquarie Australia Conference 4 - 6 May 2021
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: Karoon Energy Overview
Karoon Energy Overview A pure oil producer with a strong platform for growth For personal use only • Completed Baúna purchase in November 2020 for US$380m firm consideration plus up to US$285m contingent on oil prices • Implemented rigorous safety and reliability program; no significant safety or en
Slide 5: Production - Baúna
Production - Baúna Mature field with strong operational track record For personal use only • BM-S-40 Licence offshore Brazil includes the Baúna, Piracaba (both in production) & Patola (pending FID) proven oil pools • Highly productive reservoirs, 33-38 API crude oil with no impurities • Six oil prod
Slide 6: Health, Safety, Security and Environment
Health, Safety, Security and Environment Emphasis on safe and reliable operations For personal use only • Karoon initiatives reinforcing strong safety culture throughout Baúna operations • No significant safety or environmental incidents since taking over operatorship • To date, no COVID-related int
Slide 7: Baúna Intervention Program
Baúna Intervention Program Maersk rig contracted for 2022 Baúna Workovers For personal use only • Maersk Developer rig, operated by Maersk Drilling, has been contracted for the Baúna workover campaign: • Competitive tender involved 10 rig owners • The rig, currently located in Suriname, expected to
Slide 8: Potential Patola Development Project
Potential Patola Development Project Discovered oil pool 5km from Baúna For personal use only • Patola oil discovery well (SPS-91) drilled within BM-S-40 production ring-fence confirmed the same high quality geological reservoir interval as Baúna, with 38 API oil • Development plan comprises two ver
Slide 9: Baúna and Patola Reserves and Resources
Baúna and Patola Reserves and Resources Material 2P Reserves and Contingent Resource base For personal use only Reserves 31/12/20201 1P (MMbbl) 2P (MMbbl) 3P (MMbbl) Baúna current wells incl. intervention program1 31.9 36.4 50.4 Contingent Resources 31/12/20201 1C (MMbbl) 2C (MMbbl) 3C (MMbbl) Patol
Slide 10: Neon and Goiá Discoveries
Neon and Goiá Discoveries Potential additional medium term development opportunities For personal use only 50km to Baúna • Neon and Goiá light oil discoveries 50-60km from Baúna • Neon initial development subject to drilling a potential control well and further engineering studies: • Option to drill
Slide 11: Proposed Timeline to Full Production
Proposed Timeline to Full Production Provisional Program For personal use only • Rig secured for Baúna intervention program • Option to extend contract and drill two Patola development wells (subject to FID) immediately afterwards, then potential Neon control well • Utilising same rig minimises mob/
Slide 12: COVID-19 Safety
COVID-19 Safety Protecting staff health and wellbeing For personal use only • Karoon’s first priority is health and safety • Direct check-in and flight transfer from the hotel to prevent potential airport infection • COVIDsafe plans are in place in all jurisdictions post quarantine • All corporate f
Slide 13: Organisation to deliver
Organisation to deliver Strategy refresh following delivery of Baúna For personal use only • A range of Executive Team and organisational changes have been announced over the past 6 months • Key changes include: • Retirement of Founding CEO/MD, Robert Hosking and appointment of new CEO/MD, Julian Fo
Slide 14: Summary – Transition From Explorer to Producer Complete
Summary – Transition From Explorer to Producer Complete A new era has begun… For personal use only • Stable, low cost production from Baúna Pure oil • Current production rate of more than 14,000 bopd producer • Oil price realisations linked to Brent, crude marketed by Shell • Baúna interventions exp
Slide 15: Appendix 1: 3Q 2020/21 – Financial and Operating Summary
Appendix 1: 3Q 2020/21 – Financial and Operating Summary Key Data March Quarter 2021 FY YTD For personal use only Production – rate (‘000 bopd) 12.64 13.47 Production – volume (mmbbl) 1.14 1.95 Sales Volume (mmbbl) 0.93 1.43 Weighted Average Net Realised Price (US$/bbl) 55.38 52.46 Oil Sales Proceed
Slide 16: For personal use only
For personal use only