Karoon Energy Ltd (AU:KAR) has released an update.
Karoon Energy Ltd reported a 25% increase in quarterly production, despite a 32% drop in sales revenue due to lower volumes and reduced oil prices. The company declared its first dividend and completed a $25 million share buyback, reflecting confidence in its valuation and future prospects. Karoon continues to focus on asset reliability and growth opportunities, with further buybacks planned and strategic evaluations underway.
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