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Karoon Energy Ltd ( (AU:KAR) ) just unveiled an announcement.
Karoon Energy Ltd has raised its production guidance for the Baúna Project in Brazil despite a recent issue with the SPS-92 downhole pump. The failure of an electrical cable in the pump led to reduced production, but partial output has been restored. The company plans to conduct a rig-based intervention to replace the pump, with work expected to start in the second quarter of 2026. Despite this setback, the strong performance in the first half of 2025 has allowed Karoon to increase its production forecast for the year, indicating resilience and effective management of operational challenges.
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 energy company operating in the oil and gas industry, focusing on petroleum exploration and production. The company’s primary operations are in Brazil, where it is involved in the Baúna Project, a significant oil production site.
YTD Price Performance: 37.92%
Average Trading Volume: 4,368,460
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$1.36B
Learn more about KAR stock on TipRanks’ Stock Analysis page.