Independence Auditor’s Opinion  Report on the Remuneration Report Auditor’s Opinion  Matters Relating to the Electronic Presentation of the Audited Financial Report In conducting our audit, we have complied with the independence requirements of the  Corporations Act 2001. In our opinion: We have audited the Remuneration Report included in pages 22 to 29 of the Directors’ Report for the year ended 30 June 2011.  The Directors of the Company are responsible for the preparation and presentation of the Remuneration Report in accordance  with Section 300A of the  Corporations Act 2001 . Our responsibility is to express an opinion on the Remuneration Report, based  on our audit conducted in accordance with Australian Auditing Standards. In our opinion, the Remuneration Report of Karoon Gas Australia Ltd for the financial year ended 30 June 2011, complies with  Section 300A of the  Corporations Act 2001 . This auditor’s report relates to the Financial Report and Remuneration Report of the Company for the year ended 30 June 2011  included on the Company’s website. The Company’s directors are responsible for the integrity of the Company’s website. We  have not been engaged to report on the integrity of this website. The auditor’s report refers only to the Financial Report and  Remuneration Report named above. It does not provide an opinion on any other information which may have been hyperlinked  to/from the Financial Report or the Remuneration Report. If users of this report are concerned with the inherent risks arising from  electronic data communications they are advised to refer to the hard copy of the audited Financial Report and Remuneration  Report to confirm the information included in the audited financial report and remuneration report presented on this web site. Melbourne 13 September 2011 83 Karoon Gas Australia Ltd  Annual Report 2011 Charles Christie  Partner  PricewaterhouseCoopers (a) the financial report of Karoon Gas Australia Ltd is in accordance with the  Corporations Act 2001 , including: (i) giving a true and fair view of the Group’s financial position as at 30 June 2011 and of their performance for the year ended on that date; and (ii) complying with Australian Accounting Standards (including the Australian Accounting Interpretations) and the  Corporations Regulations 2001 ; and (b) the financial report and notes also complies with International Financial Reporting Standards as disclosed in Note 1.