KAR 1.98% $1.80 karoon energy ltd

Ann: Karoon completes GOM acquisition, page-10

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    Agree its pretty clear. Currently in the middle of a development programme to increase production by 16k boepd (around 50% from July 2023 production), have done that basically self funded through Ops, and all Filbert sees is that we didn't generate any net cashflow. Crazy to not review the full statement that was very very clear.

    Its an excellent cash result to be able to fund a development programme to increase production by 50% purely via cash from Ops. We essentially did the same with Bauna / Patola too (but was closer to a 100% increase in production).
 
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