Karoon Energy Ltd (AU:KAR) has released an update.
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Karoon Energy Ltd has successfully restarted production at its Baúna Project following the repair of a failed anchor chain on the FPSO, Cidade de Itajaí. The company anticipates that production will soon return to its previous level of 24,500 barrels of oil per day. This development is crucial for investors tracking Karoon’s operational stability and production capabilities.
For further insights into AU:KAR stock, check out TipRanks’ Stock Analysis page.
