Karoon Energy plans to expand its on-market share buyback program by an additional US$75 million, aiming to invest a total of US$125 million in shares by the end of 2025 amid a belief that its stock is undervalued.
Karoon Energy has concluded drilling at the Who Dat West exploration well, reaching its target depth but finding no significant hydrocarbons. The joint venture now shifts focus to development options for prior discoveries in the area.
