Tillkännagivande • Mar 30
Karoon Energy Limited Announces Directorate Changes, Effective March 30, 2026 Karoon Energy Limited announces that Mr. Tadeu Fraga will stand down as a non-Executive Director of the Company on March 30, 2026. Mr. Fraga is leaving the Board for personal and family reasons. Since his appointment in 2022, Tadeu has made a significant contribution to Karoon, bringing his four decades of experience in the Brazilian and international oil and gas sector to Board deliberations. His extensive background in upstream development, technology and large-scale energy projects, together with his insight into the Brazilian operating environment, has been invaluable to Karoon during the transition of ownership of the Baúna FPSO and stabilisation of operations. He also provided significant input into the development of Karoon’s strategy and its renewed focus on operational excellence and safety performance. During his tenure, the Board has overseen several relevant outcomes, while also addressing challenges associated with the Baúna FPSO through the strategic acquisition of the asset. This has allowed full control of its safety and operational performance, its revitalisation and the extension of the Bauna field economic life. He contributed at Board level to a number of other key strategic decisions, including portfolio diversification through the Who Dat acquisition and the development of an organic growth pipeline. He also contributed to the establishment of the capital allocation and returns framework, the review of the sustainability strategy and the refresh of the Company´s organisation and leadership structures. Karoon announced the appointment of Mr. Fernando Borges as an independent, non-executive director, effective March 30, 2026. Mr. Borges’ respective skills and experience aligns with the Board’s skills matrix and future renewal requirements at both Board and Committee levels. Mr. Borges will be submitted for election at the Annual General Meeting (AGM) to be held on May 21, 2026 in Melbourne, pursuant to Karoon’s Constitutional requirements. Mr. Borges is an experienced oil and gas executive with more than 40 years’ experience at Petrobras, including 35 years in senior management across exploration, production, and institutional relations. He most recently served as Chief Exploration and Production Officer at Petrobras, overseeing 60 offshore production units and a portfolio of more than 280 E&P contracts with operated production of 3.7 million boepd. Fernando also led the LIBRA Consortium — Brazil's first production sharing contract — and has held board roles at the Brazilian Institute of Petroleum and the Brazilian Association of Oil and Gas Exploration and Production companies (ABEP). He is a Civil Engineer from the Federal University of Uberlândia, a Petroleum Engineer from Petrobras University, holds an Executive MBA from the Federal University of Rio de Janeiro/COPPEAD, completed INSEAD's Advanced Management Program, and is a Brazilian Institute of Corporate Governance (IBGC) Certified Board Member. Tillkännagivande • Jan 09
Karoon Energy Ltd, Annual General Meeting, May 21, 2026 Karoon Energy Ltd, Annual General Meeting, May 21, 2026. Tillkännagivande • Sep 25
Karoon Energy Ltd (ASX:KAR) announces an Equity Buyback for $25 million worth of its shares. Karoon Energy Ltd (ASX:KAR) announces a share repurchase program. Under the program, the company will repurchase up to $25 million. The plan will be valid till May 22, 2026. As of September 25, 2025, the company has 731,405,300 shares in issue. Tillkännagivande • Mar 31
Karoon Energy Ltd (ASX:KAR) announces an Equity Buyback for 20,800,000 shares, representing 2.77% for $22 million. Karoon Energy Ltd (ASX:KAR) announces a share repurchase program. Under the program, the company will repurchase up to 20,800,000 shares, representing 2.76% for $22 million. The plan will be valid till April 17, 2026. As of March 31, 2025, the company had 751,214,075 shares in issue. Tillkännagivande • Mar 01
Karoon Energy Ltd Declares Ordinary Dividend for Period of Six Months Ended December 31, 2024, Payable on March 31, 2025 Karoon Energy Ltd. declared an ordinary dividend of AUD 0.05000000 for a period of six months ended December 31, 2024. The Ex Date is March 4, 2025, the Record Date is March 5, 2025, and the Payment Date is March 31, 2025. Tillkännagivande • Jan 21
Karoon Energy Ltd, Annual General Meeting, May 22, 2025 Karoon Energy Ltd, Annual General Meeting, May 22, 2025. Tillkännagivande • Dec 26
Karoon Announces Bauna Project Production Restarts Karoon advised that the Baúna Project recommenced production late on 22 December 2024 (Brasilia Time). This follows the successful repair of one of the failed anchor chains which forms part of the mooring system on the FPSO, Cidade de Itajaí, and receipt of regulatory authority approvals to recommence operations. The second anchor chain is expected to be repaired by mid January. Karoon and the FPSO owner and operator, Altera&Ocyan are both investigating the anchor chains failure mechanism, with the objective to identify root causes and any lessons learned in order to help prevent reoccurrence. Prior to this shut-in, Baúna Project production was approximately 24,500 bopd. Karoon expects production to ramp back up over the coming days to approximately this level, prior to recommencing natural field decline of approximately 15% pa. Tillkännagivande • Oct 31
Karoon Energy Ltd Announces Board Changes Karoon announced that Mr. Clark Davey has ceased as Non-executive Director of the Company with immediate effect, 31 October 2024. Karoon Chair Peter Botten said Mr. Davey had made a significant contribution to Karoon over the past 14 years. Ms Joanne Palmer will replace Mr. Davey as the Chair of the Audit, Risk & Governance Committee of the Board with immediate effect. Tillkännagivande • Oct 24
Karoon Energy Ltd (ASX:KAR) announces an Equity Buyback for $25 million worth of its shares. Karoon Energy Ltd (ASX:KAR) announces a share repurchase program. Under the program, the company will repurchase up to $25 million worth of its shares. The plan will be valid till June 30, 2025 As of October 24, 2024, the company had 779,344,840 shares in issue. Tillkännagivande • Jul 26
Karoon Energy Ltd (ASX:KAR) announces an Equity Buyback for $25 million worth of its shares. Karoon Energy Ltd (ASX:KAR) announces a share repurchase program. Under the program, the company will repurchase up to $25 million worth of its shares. The plan will be valid till December 31, 2024. As of July 25, 2024, the company had 801,599,713 shares in issue. Tillkännagivande • Apr 24
Karoon Energy Limited Announces Board Appointments Karoon Energy Limited has named Melissa Holzberger and Joanne Palmer as its two new independent, non-executive directors. Holzberger, an experienced independent non-executive director and commercial, energy and resources lawyer, has more than 20 years of experience in the international energy and resources sector. She has a deep understanding of energy operations and projects. She has earlier served at BHP, Rio Tinto and as a trusted adviser to multinational and Australian companies. Palmer, an experienced non-executive director of ASX-listed and unlisted companies in Australia's resources sector, has more than 27 years' professional experience providing audit and assurance services as a partner with EY and Pitcher Partners. Her international experience spans more than 25 years as a former external auditor and advisor to United Kingdom (UK) and Australian companies operating in Africa, Europe, America and Australasia. Tillkännagivande • Jan 23
Karoon Energy Ltd Provides Production Guidance for the Year Ending December 31, 2024 Karoon Energy Ltd. provided production guidance for year ending December 31, 2024. For the year, the company expects total production, including the Who Dat assets, to be in a range of 11.2 million to 13.5 million barrels of oil equivalent (MMboe), compared to the previous range of 12 MMboe to 14.5 MMboe, with Who Dat guidance unchanged. Tillkännagivande • Nov 18
Karoon Energy Ltd has filed a Follow-on Equity Offering in the amount of AUD 480.000001 million. Karoon Energy Ltd has filed a Follow-on Equity Offering in the amount of AUD 480.000001 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 83,074,339
Price\Range: AUD 2.05
Discount Per Security: AUD 0.056375
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 46,681,759
Price\Range: AUD 2.05
Discount Per Security: AUD 0.056375
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 104,390,244
Price\Range: AUD 2.05
Discount Per Security: AUD 0.056375
Transaction Features: Rights Offering; Subsequent Direct Listing Tillkännagivande • Oct 20
Karoon Energy Ltd, Annual General Meeting, Nov 23, 2023 Karoon Energy Ltd, Annual General Meeting, Nov 23, 2023, at 10:00 AUS Eastern Standard Time. Location: Club Pavilion, Level 2, RACV Club, 501 Bourke Street, Melbourne Victoria Melbourne Victoria Australia Agenda: To consider RE-ELECTION OF MS LUCIANA BASTOS DE FREITAS RACHID AS A DIRECTOR; to consider RE-ELECTION OF MR PETER BOTTEN AC, CBE AS A DIRECTOR; to consider ADOPTION OF REMUNERATION REPORT; to APPROVAL TO ISSUE PERFORMANCE RIGHTS TO DR JULIAN FOWLES; and to receive and consider the Financial Report of the Company, together with the Directors' Report and the Independent Auditor's Report, for the financial year ended 30 June 2023, in accordance with the Corporations Act. Tillkännagivande • Jul 28
Karoon Energy Ltd to Report Fiscal Year 2023 Results on Aug 23, 2023 Karoon Energy Ltd announced that they will report fiscal year 2023 results on Aug 23, 2023 Tillkännagivande • Jun 20
Karoon Energy Ltd Revises Production Guidance for the Full Year 2023 Karoon Energy Ltd. revised production guidance for the full year 2023. Based on the ramp up to date, fiscal year 2023 production guidance has been revised to 7.0 7.1 MMbbl against previous guidance of 7.0 - 7.7 MMbbl. Tillkännagivande • Feb 16
Karoon Energy Ltd. Announces Neon Drilling Update Karoon reported that the Neon-1 (officially 9-NEO-1-SPS) control well, which spudded on 23 January 2023, reached a final total depth of 2,382 metres Measured Depth (MD) on 10 February 2023. Wireline logging of the target sections is presently underway. Neon-1 was drilled into the down-dip southern flank of the Neon discovery, to better constrain lithologies and reservoir quality, and reduce the range of uncertainty on the oil-water contact, with the overall objective to better understand the range of potentially recoverable volumes in Neon and assist in delineating pathways of potential future production wells. Although evaluation is ongoing, preliminary analysis of the logging-while-drilling (LWD) and wireline log data available to date, including preliminary inspection of whole core samples, confirms that the Palaeocene sandstone primary target zones are present and oil bearing at this location. The Palaeocene intervals, representing an extension of reservoirs tested at Echidna-1, were found to be present over a gross 113 metre MD interval. A probable oil-water contact has been identified, which is within the range of pre-drill expectations and closely aligned with predictions based on seismic analyses. The net pay thickness above the identified oil-water contact at this down-dip location is estimated at 25 metres MD. The deeper secondary target Maastrichtian sandstone section was confirmed to be water-bearing, consistent with pre-drill expectations. Analysis of pressure tests through the Palaeocene section indicates that the oil in this section lies on the same pressure gradient as the oil at Echidna-1, suggesting that the two wells are likely in communication. All reservoir quality estimates, including preliminary analysis of net pay and the oil-water contact depth, will be subject to further studies and calibration from laboratory analyses of physical samples, including of the 57 metres of core acquired from the well. The forward plan is to plug and abandon Neon-1 and mobilise the rig to the Neon-2 location. Neon- 2 will be drilled directionally to intersect a crestal location in the north of the Neon field. The objectives of Neon-2 are to determine the quality and continuity of the Palaeocene units and to determine Palaeocene pressure connectivity with the two wells drilled to date. Additionally, it is planned that Neon-2 will test a deeper zone below the existing Palaeocene discovery. Tillkännagivande • Jan 24
Karoon Energy Ltd Announces 23% Increase in BM-S-40 (Baúna) 2P Reserves Karoon Energy Ltd. announced an updated assessment of reserves and resources as at 31 December 2022 for its 100% owned Santos Basin concession, BM-S-40, in Brazil. This follows a review of all available subsurface and production data, including a reprocessed seismic dataset, newly acquired data from the recently completed Baúna well interventions and Patola drilling, and updated reservoir modelling. Karoon's internal assessment of reserves has been reviewed and certified by an independent third party, AGR Energy Services. BM-S-40 contains the Baúna and Piracaba producing fields and the Patola field, which is currently under development. Proved (1P), Proved and Probable (2P) and Proved, Probable and Possible (3P) reserves at 31 December 2022 have increased by 17%, 23% and 7%, to 42.8 MMbbl, 55.0 MMbbl and 65.5 MMbbl, respectively, compared to 30 June 2022. The revised reserves assessment takes into account the following: Recent production data confirming better than expected performance from the existing producing wells. This follows the successful conclusion of interventions in SPS-92, PRA-3 andSPS-56; Revised subsurface modelling of Patola capturing reservoir properties at the PAT-1 and PAT-2 wells which were better than pre-drill predictions; An extension of the assessed economic field life, with reserves now including production up to 2032. Production beyond this date has not been classified as reserves, due to the greater uncertainty on the FPSO maintenance requirements after this date; A long term oil price assumption of USD65/bbl; Production between 30 June 2022 and 31 December 2022 of 3.4 MMbbl. Based on these revisions, the conversion of the Patola Project contingent resources into reserves and total production of 11.2 MMbbl between taking over operatorship of Baúna in November 2020 and 31 December 2022, Karoon has achieved a 2P reserves replacement of 259%. Baúna contingent resources relating to the potential hook-up of the SPS-57 well have also been reassessed. Given the current uncertainty in resource potential and possible timing of this intervention, 1C, 2C and 3C contingent resources of 1.9 MMbbl, 4.2 MMbbl and 8.3 MMbbl, respectively, have been removed from the contingent resource estimates. No other changes to contingent resources have been made, with the Neon and Goiá contingent resources assessment unchanged from the 2022 Annual Report statement. Tillkännagivande • Jan 20
Karoon Energy Ltd Announces Brazil Regulatory Approvals Received for Neon Drilling Karoon Energy Ltd. announced regulatory approvals required for the planned drilling of two control wells on the Neon oil discovery were received in Brazil on 18 January 2023. Consequently, the Noble Developer drilling rig, which had been preparing to anchor at the BAN-1 location, is now being mobilised directly to Block S-M-1037 (Karoon 100%), with the first Neon control well expected to commence drilling in the next few days. The BAN-1 well intervention, to re-open a lower, previously producing reservoir zone, has been deferred to a later date. Tillkännagivande • Jan 17
Karoon Energy Ltd Provides Update on Patola Field Karoon Energy Ltd. announced that Noble Developer drilling rig has finished drilling and completion activities on the Patola field. Installation of wellheads and Christmas trees on the two Patola development wells was finalised in early January 2023 and work is expected to commence shortly on installing the remaining subsea infrastructure, flowlines, umbilicals and other pipework required to connect the wells to the Cidade de Itajaí FPSO. Commissioning of the new facilities and first production from Patola is targeted to commence by the end of the first quarter of CY2023. The drilling rig is now being mobilised to the BAN-1 well location, where an intervention to re-open a lower zone in the well that had previously been in production will take place. This is the fourth and final intervention, which was deferred in order to accelerate the Patola development drilling. Karoon expects that there will be no material impact on the final Baúna intervention cost estimate, as previously provided to the market. After the BAN-1 intervention is complete, and subject to the receipt of regulatory approvals, it is planned that the drilling rig will then move to the Neon field to drill the first of potentially two Neon control wells. Karoon is actively engaging with regulatory authorities to obtain the necessary Neon approvals in a timely manner, in order to minimise any potential standby time.