Karoon Energy Ltd (KAR.AX)
Karoon Energy Ltd operates in the Oil & Gas Exploration & Production industry of the Energy sector, headquartered in Southbank, VIC, AU. The stock last traded at $1.73, down 1.14% on the session, giving a market capitalisation of $1.23B. Its beta of 0.04 implies it has historically moved less than the broad market.
Engaged in the exploration and production of oil and natural gas, Karoon Energy Ltd maintains operations across Australia, Brazil, and Peru. Its key interests comprise a full 100% stake in five offshore blocks situated in Brazil's Santos Basin, off the Sáo Paulo coastline. Additionally, the company holds a 50% share in the Carnarvon Basin located in North Western Australia, alongside a significant footprint in northern Peru's Tumbes Basin, covering approximately 4,875 square kilometers. The enterprise, established in 2003, was formerly known as Karoon Gas Australia Ltd before adopting its current name in December 2018. Southbank, Australia, serves as its corporate headquarters.
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