Karoon Energy Ltd - Company Profile

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Karoon Energy Ltd (Karoon), formerly known as Karoon Gas Australia Ltd, is a major independent upstream oil and gas company that explores oil and gas and develops assets. It operates projects in Australia, Peru, and Brazil. Karoon has significant drilling opportunities in proven and prospective petroleum systems. The company concentrates on early-stage exploration projects consisting of large potential targets in basins with proven petroleum systems. Karoon uses high-end seismic techniques and exploration and analysis technologies. The company’s core strategy is to identify off-shore early-stage exploration opportunities. It has interests in the offshore Browse Basin and Carnarvon Basin, Western Australia; the offshore Santos basin, Brazil; and the offshore Tumbes basin, Peru. Karoon is headquartered in Mount Martha, Australia.

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Headquarters Australia

Address Suite 3.02, Level 3, 6 Riverside Quay, Southbank, Victoria, 3006


Telephone 61 3 96167500

No of Employees 12

Industry Energy and Utilities

Ticker Symbol & Exchange KAR (ASX)

Revenue (2022) $566.5M 47.1% (2022 vs 2021)

EPS XYZ

Net Income (2022) XYZ 352.9% (2022 vs 2021)

Market Cap* $1.0B

Net Profit Margin (2022) XYZ 271.9% (2022 vs 2021)

* As of and is in US$
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Karoon Energy Ltd premium industry data and analytics

6

Upstream

Access comprehensive data and analysis of global upstream assets. This includes key information on fields, wells and blocks. It covers key commercial, geological, and technical attributes of assets and analysis of developments.

1

ICT Spend & Tech Priorities

IT Client Prospector provides intelligence on Karoon Energy Ltd’s likely spend across technology areas enabling you to understand the digital strategy.

Products and Services

Products
Crude Oil
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2023 Acquisitions/Mergers/Takeovers In December, the company announced the acquisition of a stake in the US GoM from LLOG Exploration Offshore, LLC and LLOG Omega Holdings.
2023 Plans/Strategy In November, the company announced its plans to acquire a 30% stake in Who Dat and Dome Patrol Fields in the Gulf of Mexico from LLOG Exploration Offshore, L.L.C. for US$720 million.
2023 Plans/Strategy In November, the company announced its plans to raise US$460 million through Macquarie Capital to fund the purchase of assets in the Gulf of Mexico.
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Competitor Comparison

Key Parameters Karoon Energy Ltd Woodside Energy Group Ltd Santos Ltd Beach Energy Ltd Cue Energy Resources Ltd
Headquarters Australia Australia Australia Australia Australia
City Southbank Perth Adelaide Adelaide Melbourne
State/Province Victoria Western Australia South Australia South Australia Victoria
No. of Employees 12 4,667 3,864 214 14
Entity Type Public Public Public Public Public
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Executives
Name Position Board Since Age
Peter Botten Deputy Chairman Executive Board 2023 -
Julian Fowles Managing Director; Chief Executive Officer Senior Management 2020 -
Ray Church Chief Financial Officer; Executive Vice President Senior Management - -
Stephen Power Executive Vice President - Commercial and Legal Senior Management 2014 -
Roland Hamp Executive Vice President - Technical Senior Management 2023 -
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
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