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How Karoon’s Baúna Reserve Boost Offsets Profit Slide and CEO Exit

12:56am on Saturday 30th of August, 2025 AEST Energy
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How Karoon’s Baúna Reserve Boost Offsets Profit Slide and CEO Exit

12:56am on Saturday 30th of August, 2025 AEST
Key Points
  • 4% production increase to 5.3 MMboe in H1 2025
  • 61% decline in underlying NPAT to US$45 million due to pricing and cargo timing
  • Baúna Project 2P reserves upgraded 35% to 52.7 million barrels
  • Baúna FPSO acquisition extends field life by seven years to 2039
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