Karoon Energy
KAR.ASXEnergy
Global oil and gas exploration and production company
Market Data
$1.562
+0.0%$1.1B
6.2x
$0.239
3.68%
-0.1%
Recent Announcements
Bauna SPS-92 production restart and 2026 guidance updated
Karoon Energy (ASX: KAR) has successfully restarted production from the SPS-92 well at its Baúna Project in Brazil following an electrical submersible pump replacement, restoring output to 8,600 bopd and bringing total Baúna production to approximately 20,500 bopd. The company has revised its 2026 capital expenditure guidance upward to US$178-202 million (from US$150-183 million) due to higher-than-anticipated SPS-92 intervention costs, though it expects materially lower sustaining capital requirements at Baúna going forward.
Operational updates and revised CY26 production guidance
Karoon Energy (ASX: KAR) has revised its CY26 production guidance downward due to operational issues at the Who Dat Joint Venture, where E manifold production reinstatement is now delayed to 2H27 instead of 2026; total company production guidance reduced from 8.1-9.2 MMboe to 7.2-8.2 MMboe, with Who Dat guidance cut from 2.1-2.5 MMboe to 1.2-1.5 MMboe.
Ceasing to be a substantial holder from CBA
CBA ceased to be a substantial holder.
Becoming a substantial holder from CBA
CBA became a substantial holder (0.26%).
Ceasing to be a substantial holder from CBA
CBA ceased to be a substantial holder.
Becoming a substantial holder from CBA
CBA became a substantial holder (0.18%).
Fitch affirms rating. Outlook revised to negative
Fitch Ratings affirmed Karoon Energy Limited's Long-Term Issuer Default Rating at 'B' and senior secured notes at 'B+', but revised the outlook to 'Negative' from 'Stable', citing risks to production sustainability and project timing despite the company's solid liquidity and moderate leverage.
Ceasing to be a substantial holder
Citigroup Global Markets Australia Pty Limited (ACN 003 114 832) ceased to be a substantial holder.
Becoming a substantial holder
Citigroup Global Markets Australia Pty Limited (ACN 003 114 832) became a substantial holder (8.6155%).
Ceasing to be a substantial holder
Citigroup Global Markets Australia Pty Limited (ACN 003 114 832) ceased to be a substantial holder.
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