Karoon Energy Ltd. As an ASX listed company, Karoon focuses on delivering profits through its high-quality portfolio of production and development assets. The company's goal is to provide energy to a dynamic world while responsibly creating enduring benefits for all stakeholders.

Karoon is committed to sustainable operations and has taken steps to reduce its carbon footprint. In FY2021, the company achieved carbon neutrality for Scope 1 and 2 emissions from the Baúna-Patola GHG emissions. By 2035, Karoon aims to be Net Zero for Scope 1 and 2 emissions.

One of the company's key assets is the Baúna oil field in the southern Santos Basin, offshore Brazil. Karoon acquired and assumed operatorship of Baúna from Petrobras SA in November 2020, and since then, the field has produced 11. 2 million barrels of oil, generating cash revenue of US$798 million.

Karoon's recent completion of an intervention program on the Baúna field, along with the development of the Patola oil field, is expected to result in doubling the production rates compared to FY2022. The company also has plans for further growth, including the potential development of the Neon oil discovery and consideration of inorganic growth through asset acquisitions. Karoon Energy is paving the way for a sustainable and prosperous future in the oil and gas industry