Karoon Energy Ltd (KRNGY) Stock Price Prediction

Karoon Energy Ltd. is an oil and gas exploration company, which engages in oil and gas production, development assets, and providing energy. The company is headquartered in Southbank, Victoria. The company went IPO on 2004-06-08. The firm has two key producing assets: the Bauna Project in the Santos Basin, Brazil and the Who Dat assets in the Gulf of Mexico, United States. Its 100% owned and operated Bauna Project (which comprises the Bauna, Piracaba and Patola oil fields) is located in the BM-S-40 production license in the southern Santos Basin, offshore Brazil. The company also holds a 100% interest in the Neon oil field, located approximately 75 kilometers (km) northeast of Bauna. The company also holds a 100% interest in the Goia field, located approximately 18 km southwest of Neon. The company also has 100% interests in six blocks (S-M-974, S-M-1038, S-M-1484, S-M-1605, S-M-1358, S-M-1603) in the Santos Basin, offshore Brazil. The Who Dat producing assets comprise the Who Dat, Dome Patrol and Abilene oil and gas fields and associated infrastructure.