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Karoon Secures Six Santos Basin Blocks, Boosts 2025 Capex Guidance
10:11am on Wednesday 18th of June, 2025 AEST
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Energy
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Karoon Secures Six Santos Basin Blocks, Boosts 2025 Capex Guidance
10:11am on Wednesday 18th of June, 2025 AEST
Key Points
Won six blocks in Brazil’s Santos Basin including Piracucá discovery area
Blocks located near Neon and Baúna fields, enhancing regional footprint
US$14.8 million signature bonus and US$20.2 million minimum work program
Formal granting expected in Q4 2025, subject to conditions
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KAROON ENERGY (ASX:KAR)
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