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Karoon Gas Australia Ltd
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July 2013 Review
| Robert Hosking | Page 15 of 11 |
November 24, 2024
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"July 2013 Review"
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Australian assets –Browse Basin KaroonReview Location: BrowseBasin,Australia.450-600mwaterdepth.On trend with Torosa, Brecknock and Calliance gas condensate fields. Other fields: Icthys, Argus, PreludeandBurnside. Karoondiscovered resource: Updated third party reviewed Contingent Resource assessments are expected to be available towards theendofthedrillingprogramme. Prospective resource: Outside greater Poseidon trend 8 prospects identified with Total Mean UnriskedProspective Resource of 15 tcf. Interest: 40% in WA-315-P and WA-398-P 90% in WA-314-P Forward Plans: Drilling order: 1P r o t e u s 2G r a c e Additional wells to be advised Phase-2 drilling program to continue into 2014. Farm-out of some interest in permits Objective: Define resource and progress to LNG development FEED stage. July 2013 14