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Karoon Energy Ltd ( (AU:KAR) ) has provided an update.
Karoon Energy Ltd announced the departure of its CEO and Managing Director, Dr. Julian Fowles, by mid-2026, as the company plans to relocate key corporate roles to Brazil and the USA. This strategic move aims to enhance efficiency and collaboration between business units while sourcing local talent. The Board is conducting a global search for a Houston-based successor. Dr. Fowles has been pivotal in transforming Karoon into a low-cost production company with a strong balance sheet and significant growth opportunities in hydrocarbon basins. His leadership has been instrumental in the company’s strategic developments and acquisitions, setting the stage for future growth.
The most recent analyst rating on (AU:KAR) stock is a Hold with a A$2.00 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 an international oil and gas exploration and production company with assets in Brazil, the United States of America, and Australia. It is listed on the ASX and aims to be a leading, independent international energy company, focusing on providing energy safely, reliably, and responsibly.
Average Trading Volume: 4,646,310
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$1.42B
Learn more about KAR stock on TipRanks’ Stock Analysis page.