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About Karoon Energy
Its shares trade on ASX under the ticker KAR.AX. It has been listed since 8 June 2004. In the fiscal year to 31 December 2025, it reported revenue of $628.6m and net income of $125.5m. At that date it held total assets of $1.77bn and shareholders' equity of $1.03bn.
Karoon Energy Ltd. is an oil and gas exploration company. The company is headquartered in Melbourne, New South Wales. The company went IPO on 2004-06-08. The firm is engaged in investing in hydrocarbon exploration and evaluation in Australia, Brazil and Peru. Its segments are Australia, Brazil and Peru. The Australia segment includes exploration and evaluation of hydrocarbons in two offshore permit areas: WA-314-P, which is located in Browse Basin, and WA-482-P, which is located in Carnarvon Basin. The Brazil segment includes exploration and evaluation of hydrocarbons in five offshore blocks: Block S-M-1037, Block S-M-1101, Block S-M-1102, Block S-M-1165 and Block S-M-1166, which are located in Santos Basin with gross acreage of over 550 square kilometers. These blocks are located approximately 200 kilometers from the coastline of Santa Catarina. The Peru segment includes exploration and evaluation of hydrocarbons in two blocks: Block 144 (onshore), which is located in Maranon Basin, and Block Z-38 (offshore), which is located in Tumbes Basin.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Energy
- Industry
- Oil, Gas & Consumable Fuels
- Listed since
- 8 Jun 2004
- Employees
- 12
- Website
- karoongas.com.au ↗
Leadership
Pay as last reported
- Mr. Peter BottenIndependent Non-Executive Chairman of the Board$236,249
- Dr. Julian FowlesChief Executive Officer, Managing Director, Executive Director, since 2020$2.2m
- Mr. Ray ChurchChief Financial Officer, Executive Vice President$1.4m
- Mr. Marco BrummelhuisExecutive Vice President and Country Manager, Brazil$390,578
- Mr. Daniel MurnaneCompany Secretary
- Mr. Carlos Tadeu Da Costa FragaIndependent Non-Executive Director$119,163
- Ms. Melissa HolzbergerIndependent Non-Executive Director$60,945
- Ms. Joanne PalmerIndependent Non-Executive Director$64,421
- Ms. Luciana RachidIndependent Non-Executive Director$128,291
- Mr. Peter TurnbullIndependent Non-Executive Director$192,736
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 53
- Environment
- 24
- Social
- 55
- Governance
- 79
- Direct emissions (scope 1)
- 127,937 t
- Energy emissions (scope 2)
- 59 t
- Value chain emissions (scope 3)
- 4,651,475 t
- Women in the workforce
- 41%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Karoon Energy Ltd has strong technical capabilities and expertise in oil and gas exploration and production. The company's highly skilled workforce enables them to effectively identify and exploit potential reserves.
- Karoon Energy Ltd owns and operates a diversified portfolio of assets, including significant interests in offshore and onshore oil and gas fields. This diverse asset base provides the company with a stable revenue stream and minimizes the risk of dependence on a single asset.
- The company has established strong relationships with key industry players and stakeholders, facilitating strategic partnerships and joint ventures. This enables Karoon Energy Ltd to leverage the expertise and resources of other companies to maximize the potential of their projects.
Weaknesses
- Karoon Energy Ltd's operations are subject to risks inherent in the oil and gas industry, including price volatility, regulatory changes, and environmental concerns. These uncertainties can impact the company's financial performance and project viability.
- The company heavily relies on external funding for its operations and capital expenditure. This dependency on external sources of financing exposes Karoon Energy Ltd to financial risks, such as increased interest rates and limited access to capital during economic downturns.
- Karoon Energy Ltd may face challenges in attracting and retaining skilled professionals in a highly competitive industry. The company needs to continuously invest in employee development and offer attractive incentives to ensure a capable and motivated workforce.
Opportunities
- Karoon Energy Ltd can capitalize on the growing global demand for energy by expanding its exploration and production activities. This includes exploring new regions, securing new licenses, and forming partnerships to access untapped resources.
- The company can leverage advancements in technology to improve operational efficiency, enhance recovery rates, and reduce environmental impact. Adopting innovative techniques and investing in research and development can give Karoon Energy Ltd a competitive edge.
- Karoon Energy Ltd can explore opportunities in renewable energy sources, such as wind and solar, to diversify its portfolio and align with evolving market trends. Investing in clean energy projects can help reduce the company's carbon footprint and enhance its sustainability.
Threats
- Karoon Energy Ltd is exposed to geopolitical risks, including political instability and conflicts in the regions where it operates. These risks can disrupt operations, delay projects, and impact the company's profitability.
- The energy industry is highly sensitive to global economic conditions. Economic downturns, recession, or financial crises can lead to reduced energy demand, lower oil and gas prices, and decreased revenues for Karoon Energy Ltd.
- Environmental regulations and increasing public awareness of climate change pose a threat to the traditional oil and gas industry. Karoon Energy Ltd needs to adapt to changing environmental standards and invest in sustainable practices to mitigate these threats.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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