Australia's Karoon Energy extends gains on buyback plan, well restoration at Brazil site
30/06/2026 02:17
BUZZ-Australia's Karoon Energy extends gains on buyback plan, well restoration at Brazil site ** Shares of Karoon Energy KAR.AX extend gains into a second session, rising as much as 4.7% to A$1.44, hitting their highest level since June 22
** The oil and gas producer said on Monday that it intends to launch a share buyback programme starting in July, with the repurchase limited to 10% of issued capital in a 12-month period
** The company also said production has been restored from the SPS-92 well at its Baúna project, Brazil
** Shares closed over 9% higher in the previous session
** Stock remains down ~8% so far this year
(Reporting by Shruti Agarwal in Bengaluru)
Recent news on Karoon Energy
See all newsBrief: Karoon Energy Ltd Produced 1.08 MLN Barrels Of Oil Equivalent In Q2
Australia's Karoon Energy rises on share buyback plan
Brief: Karoon Energy Restores Production From PRA-2 Well At Baúna
Australia's Karoon Energy falls on Brazil government crude oil tax extension
Australia's Woodside, Santos rise after Morgan Stanley upgrades stock ratings