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Karoon Energy Ltd ( (AU:KAR) ) has issued an update.
Karoon Energy Ltd announced an operational update regarding its Baúna Project in Brazil and the Who Dat project in the US. The PRA-2 well at Baúna has been shut down due to a subsea control umbilical issue, but the company’s full-year production guidance remains unchanged. In the US, sidetrack operations at the E6 well in the Who Dat field are set to begin, targeting an oil reservoir with expected production rates of 3,000 to 5,000 bopd. The company anticipates that these operations will not affect its production targets for 2025, maintaining its guidance for the year.
The most recent analyst rating on (AU:KAR) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Karoon Energy Ltd stock, see the AU:KAR Stock Forecast page.
More about Karoon Energy Ltd
Karoon Energy Ltd is a company operating in the energy sector, primarily focusing on oil exploration and production. The company has projects in Brazil and the United States, with a market focus on offshore oil fields.
Average Trading Volume: 3,941,595
Technical Sentiment Signal: Sell
Current Market Cap: A$1.17B
For detailed information about KAR stock, go to TipRanks’ Stock Analysis page.