Karoon Energy Ltd (AU:KAR) has released an update.
Karoon Energy Ltd is steadfast in advancing its Board’s proposals, despite opposition from shareholders STAM and Sandon on several AGM agenda items. The Board is unified in its strategy, emphasizing a commitment to capital returns through dividends and share buybacks after solidifying a stable production base. This comes following successful operations at Baúna and the Who Dat acquisition, with a focus on maintaining financial discipline and supporting growth.
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