Karoon Energy (ASX:KAR) downgrades FY24 production guidance to 10.1–10.3 MMboe, here’s why - Kalkine

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Karoon Energy (ASX:KAR) downgrades FY24 production guidance to 10.1–10.3 MMboe, here’s why - Kalkine

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Highlights

  • In 3QFY24, KAR’s revenue reached USD 144.90 million, down 28.94% YoY
  • Top 10 shareholders hold 40.64% of the company, Australian Retirement Trust holds maximum stake of 7.30%
  • FY24 total production guidance revised to 1–10.3 MMboe (previously 10.5–10.8 MMboe) 

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