KAR 0.27% $1.87 karoon energy ltd

Ann: Acquisition of Interest in GOM - Investor Presentation, page-49

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    I don't think it is a production downgrade for the Brazilian operations. The natural decline rate is 15%.
    You have compared the FY24 estimate to the CY24 estimate, being 9-11 vs 8-10. If the 2nd half of CY24 is 15% less than the 2nd half of CY23 this explains the reduction. September 23 quarter production was 2.8. If it is assumed the December 23 quarter is the same that is 5.6 for the half year ended December 23. If the half year ended December 24 is 15% lower than the same period this year, that is roughly a 0.9 decline. Probably this explains why the presentation for the Who Dat acquisition discloses production for CY24 of 8-10 for the Brazilian operations.
 
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