Karoon Energy Ltd (AU:KAR) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
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.
For further insights into AU:KAR stock, check out TipRanks’ Stock Analysis page.