Karoon Energy Ltd traded at 1.62 this Thursday February 12th, decreasing 0.05 or 2.70 percent since the previous trading session. Looking back, over the last four weeks, Karoon Energy lost 4.18 percent. Over the last 12 months, its price rose by 10.58 percent. Looking ahead, we forecast Karoon Energy Ltd to be priced at 1.59 by the end of this quarter and at 1.49 in one year, according to Trading Economics global macro models projections and analysts expectations.
Karoon Energy Ltd is an Australia-based oil and gas exploration and production company. The Company is focused on investments in hydrocarbon exploration and evaluation in Australia, Brazil and Peru. The Company's segments include Australia, Brazil and Peru. The Company's projects include BM-S-40, Block Z-38, WA-482-P, EPP46 and others. The BM-S-40 is located approximately 50 kilometers from Karoon’s Neon and Goia discoveries to the east and Clorita exploration block to the south. Its Australia segment operates in the exploration and evaluation of hydrocarbons in one offshore exploration permit area: WA-482-P. Its Brazil segment operates in the exploration and evaluation of hydrocarbons in three offshore exploration blocks: Block S-M-1037, Block S-M-1101, and Block S-M-1537. The Company's Peru segment operates in the exploration and evaluation of hydrocarbons in offshore exploration Block Z-38 and Area 73.