2312 GMT - Karoon Energy's acquisition of six blocks in Brazil's Santos Basin is the latest positive catalyst for its stock. Citi thinks more are to come. Analyst Tom Wallington expects news soon on the outcome of so-called debottlenecking studies at the Who Dat operation in the Gulf of Mexico. This will help to determine whether Karoon makes a final investment decision on either Who Dat East or Who Dat South next year. "We also expect Karoon to announce the award of an Operation and Maintenance contract for the recently acquired FPSO at Bauna," says Citi, referring to Karoon's flagship operation in Brazil. Moreover, the bank expects a final investment decision for the nearby Neon project by early 2026. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
June 18, 2025 19:13 ET (23:13 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。