OPERATIONS

Karoon cuts production forecast as output stumbles

Karoon reports sales revenue fall in Q1 and will prioritise oil production

Offshore rig. Credit: Karoon

Offshore rig. Credit: Karoon

Melbourne-headquartered oil and gas junior Karoon Energy has reported its quarterly sales revenue of US$196.6 million, down by 6% from US$209 million in the previous quarter. In its March 2024 quarterly...

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