Karoon Energy Ltd (AU:KAR) has released an update.
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Karoon Energy Ltd has announced a hydrocarbon discovery at its Who Dat South exploration well, marking the second success in its 2024 exploration campaign in the Gulf of Mexico. The well has identified substantial hydrocarbon-bearing zones, suggesting significant potential for future production. This discovery supports Karoon’s strategy to expand its asset base in the Miocene play.
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