Karoon Energy Revises 2026 Capex

Karoon Energy Ltd ASX:KAR:

• REVISES 2026 CAPEX: BAÚNA $89–97 MILLION, WHO DAT $72–85 MILLION, NEON $14–16 MILLION, TOTAL $178–202 MILLION

• EXPECTS LOWER SUSTAINING CAPITAL REQUIREMENTS AT BAÚNA IN COMING YEARS

• EXPECTS ANNUALISED OPERATING COST SAVINGS OF $30–40 MILLION POST FPSO TRANSITION AT BAÚNA

• SPS-92 WELL AT BAÚNA RESTORED