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KAR Karoon Energy Ltd

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  • 1.640
  • -0.020-1.20%
20min DelayNot Open Mar 27 16:00 AET
1.23BMarket Cap6.38P/E (Static)

About Karoon Energy Ltd Company

Karoon produces around 8 million barrels of oil annually from its wholly owned Bauna field in Brazil’s offshore Santos basin. The company acquired Bauna from Petrobras in 2020 and has been steadily increasing production via well interventions and new developments. Field life is approaching eight years based on proven and probable 2P reserves of 55 million barrels at end December 2022, though this excludes a further 82 million barrels in 2C contingent resources which which have potential to increase life further. We credit life of approximately 10 years, assuming partial conversion of 2C contingent resources into reserve category with drilling. There are also prospective untested targets within Karoon’s permits which could potentially add further reserves in the medium term.

Company Profile

SymbolKAR
Company NameKaroon Energy Ltd
Founded2003
MarketASX
Employees155
Fiscal Year Ends12-31
Address6 Riverside Quay Level 3, Suite 3.02
CityMelbourne
CountryAustralia
Zip Code3006
Phone+61 396167500
Share RegistryCOMPUTERSHARE INVESTOR SERVICES PTY LIMITED Yarra Falls, 452 Johnston Street, ABBOTSFORD, VIC, AUSTRALIA, 3067 03 9415 4000

Company Executives

  • Name
  • Position
  • Salary
  • Dr. Julian Fowles
  • Director, Chief Executive Officer and Managing Director
  • --
  • Peter Botten, A.C.,B.Sc. ,C.B.E.
  • Non-Executive Chairman of the Board
  • --
  • Melissa Holzberger
  • Independent Director
  • --
  • Luciana Bastos de Freitas Rachid
  • Independent Director
  • --
  • Joanne Palmer
  • Independent Director
  • --
  • Tadeu Fraga
  • Independent Director
  • --
  • Peter J. Turnbull, A.M.,B.Com,L.L.B.
  • Independent Director
  • --