Investors

ASX Releases

Appendix 3Y

Friday, July 19, 2024

Appendix 3Y

Thursday, June 27, 2024

Drilling and Operational Update

Tuesday, June 25, 2024

Appendix 3Y

Wednesday, June 12, 2024

Who Dat East Well Drilling Update

Tuesday, June 11, 2024

Quarterly Reports

March 2024 Quarterly Report

Friday, April 19, 2024

December 2023 Quarterly Report

Monday, January 29, 2024

September 2023 Quarterly Report

Thursday, October 26, 2023

June 2023 Quarterly Report

Thursday, July 27, 2023

March 2023 Quarterly Report

Thursday, April 27, 2023

December 2022 Quarterly Report

Tuesday, January 24, 2023

September 2022 Quarterly Report and Appendix 5B

Thursday, October 27, 2022

June 2022 Quarterly Report and Appendix 5B

Thursday, July 28, 2022
Note: older quarterly reports are available under ASX Releases

Half and Full Year Results

Transition Year Financial Report – TY23 – ASX Release & Investor Presentation

Thursday, February 29, 2024

FY23 Full Year Results Announcement & Investor Presentation

Wednesday, August 23, 2023

Karoon Energy FY23 Half Year Presentation

Wednesday, February 22, 2023

Karoon Energy FY23 Half Year Results

Wednesday, February 22, 2023

FY22 Full Year Results Investor Presentation

Thursday, August 25, 2022

FY22 Full Year Results Announcement & Investor Presentation

Thursday, August 25, 2022

FY22 Half Year Results Announcement & Investor Presentation

Wednesday, February 23, 2022

FY22 Half Year Report and Accounts

Monday, February 21, 2022
Note: older Half and Full Year Results are available under ASX Releases

Media Releases

Karoon’s Noble Developer rig program completed

Tuesday, April 18, 2023

Patola Development in Santos Basin Offshore Brazil Successfully Completed

Wednesday, April 12, 2023

Presentations

2024 Annual General Meeting Address and Presentation

Thursday, May 23, 2024

2024 AGM Webcast

Thursday, May 23, 2024

Macquarie Australia Conference Presentation

Thursday, May 09, 2024

Transition Year Financial Report – TY23 – ASX Release & Investor Presentation

Thursday, February 29, 2024

Brazil Resources Conference

Friday, February 02, 2024

Annual Meetings

Financial Calendar

Event Date
December 2023 Quarter Results Monday, 29 January 2024
TY2023 Results Thursday, 29 February 2024
March 2024 Quarter Results Friday, 19 April 2024
TY2023 Annual General Meeting Thursday, 23 May 2024
June 2024 Quarter Results Thursday, 25 July 2024
FY2024 Half Year Results Wednesday, 28 August 2024
September 2024 Quarter Results Thursday, 24 October 2024
Note: All dates are subject to change

Glossary and Conversions

m Thousand
mm Million
b Billion
t Trillion
k kilo - 103
M Mega = 106
G Giga = 109
T Tera = 1012
P Peta = 1015
bbl Barrel
bpd Barrels Per Day (Liquids)
bopd Barrels of Oil Per Day
m bbls Thousand Barrels
mm bbls Million Barrels
boe Barrel of Oil Equivalent
stb Stock Tank Barrel
KL Kilolitre
scf Standard Cubic Feet
mscf Thousand Standard Cubic Feet
mmscf Million Standard Cubic Feet (106)
mmscfd Million Standard Cubic Feet Per Day
mRT Metres below the rotary table of the drilling rig
bcf Billion Cubic Feet
bscf Billion Standard Cubic Feet (109)
tcf Trillion Cubic Feet
scm Standard Cubic Metre
Btu British Thermal Unit
J Joule
Gj Gigajoule 109
TJ Terajoule 1012
PJ Petajoule 1015
T Tonne
Kt Thousand Tonnes
Tpa Tonnes Per Annum
Toe Tonne of Oil Equivalent
APPEA Australian Petroleum Production & Exploration Association
API American Petroleum Institute (oil gravity)
AVO Amplitude vs Offset (seismic analysis)
BOP Blow out preventer
DCQ Daily contract quantity
DHI Direct Hydrocarbon Indicator (on seismic)
DST Drill Stem Test
ESP Electrical submersible pump
Feed Front End Engineering and Design
FPSO Floating Production, Storage & Offloading Unit
GOR Gas oil ratio
GWC Gas Water Contact
LOGS Wireline logging tool (electronic, sonic, etc)
MDQ Minimum Daily Quantity
NWSGP North West Shelf Gas Project
OOIP Original Oil in Place
OWC Oil water contact
PRRT Petroleum Resource Rent Tax
PSC Production Sharing Contract
RFT Repeat Formation Test
TVD True Vertical Depth (of hole while drilling)
WTI West Texas Intermediate (US benchmark oil)
Barrels of oil equivalent
1 boe 1 Barrel of Oil = 158.987 Litres
170mm boe = 1 TCF
= 34.9726 Imperial gallons/42 US gallons
= 6,000 Cubic Feet Gas (Oil Search)
= 5,700 Cubic Feet Gas (Woodside)
= 0.1024 Tonnes LNG)
= 1.069 Barrels of Condensate
= 0.136 Tonnes of Condensate
= 1.3986 Barrels LPG
= 0.1182 Tonnes LPG (Cooper Basin)
= 0.1206 Tonnes of LPG (Bass Strait)
= 0.1134 Tonnes Propane
= 0.1293 Tonnes Butane
= 0.1908 Tonnes Coal
1 Kilolitre = 6.2898 Barrels
Rates of production/flow
1,000 bpd = 50,000 tonnes per year
100 mmcfd = 36.5 bcf per year
LNG (liquefied natural gas at - 161 degrees celsius)
1 Tonne LNG = 8.9055 boe (Woodside)
= 45.9 mcf
= 1,428 cm
= 51.7 Mbtu (Delivered)
1 Cargo LNG (WPL NWS ships) = = 56,000 Tonnes Delivered - (9th ship 62,000)
1 million tonnes of LNG / year = 3.65 million cubic metres of natural gas per day
1mm scm of Domgas/LNG has a heating equivalent of approximately 6,000 bbls of oil
LPG (liquefied petroleum gas [propane & butane])
1 Tonne LPG = 8.1876 boe (Woodside)
1 Tonne LPG = 8.458 boe (Santos)
Natural gas (primarily methane) assumes heating value of 1000 BTU per cubic foot
ITJ = 172 boe
= 163.6 boe (Woodside)
= 847 mcf (North West Shelf)
= 943 mcf (Cooper Basin)
= 948 mcf (Surat Basin)
1 kilojoule = 0.9478 btu
1PJ = 171,937 boe (Santos)
1CF = 1,000 Btu
1 BCF = 1.09 Pj
= 0.178428 mm boe
1BCF = 1.055 Petajoules (Santos& Oil Search)
1 BTU = 1.055 Kj
1 mm Btu = 0.1724 boe (Gulf of Mexico gas)
= 1 mcf
1 cubic metres of gas = 35.315 cubic feet or 35,315 BTU
1 Tonne Ethane = 26,800 cubic feet (Bass Strait)
1mm scm of Domgas/LNG has a heating equivalent of approximately 6,000 bbls of oil
Condensate (from wet gas)
1 Tonne = 8.3 bbls (Woodside)
= 7.35 bbls
1 BBL Condensate/ Naphtha = 0.935 boe (Santos)
= 1.0 boe (Woodside)
Proved (1P) reserves:

Quantities of petroleum, which, by analysis of geoscience and engineering data, can be estimated with reasonable certainty to be commercially recoverable, from a given date forward, from known reservoirs under defined economic conditions, operating methods and government regulations. Probabilistic – at least 90% probability. Deterministic – high degree of confidence.

Probable (2P) reserves:

Additional reserves which analysis of geoscience and engineering data indicate are less likely to be recovered than proved reserves, but more certain to be recovered than possible reserves. It is equally likely that actual remaining quantities recovered will be greater than or less than the sum of the estimated proved plus probable reserves (2P). Probabilistic – at least 50% probability that quantities recovered will equal or exceed the 2P estimate.

Possible (3P) reserves:

Additional reserves which analysis of geoscience and engineering data suggest are less likely to be recoverable than probable reserves. The total quantities ultimately recovered from a project have a low probability to exceed the sum of provided plus probable plus possible (3P) reserves. Probabilistic – at least 10% probability that quantities recovered will equal or exceed the 3P estimate.

Probabilistic reserve definitions

P90. A probability cut-off of 90% is often used to describe proved reserves. In this case, proved reserves are defined as having a better-than-90% chance of being produced over the life of the field.

P50. A probability cut-off of 50% is often used to describe probable reserves. Reserves that have a better-than-50% chance of being technically and economically producible. These are reserves that are often referred to as ‘indicated’.

P10. A probability cut-off of 10% is often used to describe possible reserves. These are reserves that are often described as ‘inferred’. They have a less-than-50% chance of being technically and economically producible.

Proved reserves

The estimated quantities of crude oil, natural gas and natural gas liquids that geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from known reservoirs under existing economic and operating conditions. Economic producibility must be supported by either actual production or conclusive formation test. The SEC allows 3Dseismic data to be used in the deep water Gulf of Mexico where high drilling costs prohibit full evaluation of a reservoir section.

Contingent reserve definition

Quantities of hydrocarbon estimated to be potentially recoverable from known accumulations, but are not currently considered to be commercially recoverable. Contingent resources may be of a significant size, but still have constraints to development. These constraints, preventing the booking of reserves, may relate to lack of gas marketing arrangements or to technical, environmental or political barriers that prevent current economic development.

Prospective resources

Those quantities of petroleum estimated, as of a given date, to be potentially recoverable from undiscovered accumulations by application of future development projects. This class represents a higher risk than contingent resources as the risk of discovery is also added.