ASX Announcements
Notification of cessation of securities - KAR
Appendix 3H (Notification of cessation of securities)
- Dec 27, 2024
- 4 pages
May
Karoon Energy suffers ‘first strike’ as activists land a blow
More than 26.25 per cent of proxy votes were cast against its executive pay regime ahead of the company’s annual general meeting in Melbourne.
- Updated
- Sarah Thompson, Kanika Sood and Emma Rapaport
Karoon chairman preps for showdown with angry investors
An activist consortium led by Samuel Terry Asset Management intends to vote against five of the nine resolutions up for vote at the oil and gas producer’s AGM on May 23.
- Elouise Fowler
Karoon Energy finds sell-side backers ahead of pivotal AGM
Barrenjoey energy and utilities analyst Dale Koenders has voiced support for continued growth via M&A in a note seen by Street Talk.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Karoon CEO schmoozes investors, but activists aren’t backing down
Activist investor Sandon Capital has accused the top executive of employing “stalling tactics” ahead of the oil and gas producer’s annual general meeting.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Karoon chairman in activists’ firing line over pay
Sandon wrote to chairman Peter Botten on Wednesday arguing that Karoon’s incentive structure had insufficient regard for shareholder value.
- Jonathan Shapiro
April
Activists Samuel Terry, Sandon lawyer up for Karoon Energy fight
The pair have added Allens and Mont Lawyers to their legal teams as they look to talk on the Karoon Energy board.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Activist funds to push Karoon Energy on dividends
Samuel Terry and Sandon Capital will target the oil and gas producer’s board before May’s annual general meeting and push for more dividend payments.
- Jonathan Shapiro
- Updated
- Oil
Karoon plots path from oil junior to major through the Gulf of Mexico
The ASX-listed group spent $1.1 billion buying the interests last year. It plans to increase its spending in a bid to boost reserves by more than a third.
- Updated
- Angela Macdonald-Smith
November 2023
Karoon Energy to launch raising for US acquisition; Macq on the ticket
Karoon Energy is raising $US300 million via Macquarie Capital’s equities desk.
- Sarah Thompson, Kanika Sood and Emma Rapaport
June 2023
Oil price tipped to recover in second half as supply tightens
Sharp falls in crude and Brent this week are expected to reverse later this year, as production cuts force prices higher, according to ANZ.
- Tom Richardson
March 2023
- Opinion
- Earnings season
The true winners and losers from reporting season
These companies showed the biggest improvement – or deterioration – relative to their peers.
- Elio D'Amato
January 2023
How fundies are playing the China reopening commodity boom
While raw material prices and mining stocks have rallied in anticipation of the boost to demand, fund managers are still finding value in the resources sector.
- Alex Gluyas
Cooper Energy’s gas plant woes slash revenue by 17pc
The Adelaide-based company’s Orbost gas processing plant continues to be plagued by problems, and it’s impacting the top line.
- Elouise Fowler
October 2022
ASX posts the best week in two years on oil price, Reserve Bank
Australian shares added 4.5 per cent over a week dominated by the Reserve Bank’s surprise rate move and an energy sector heavily outpacing the market.
- Tom Richardson
September 2022
Buy, hold, sell: Why fundies are bullish on energy (and five cracking stocks)
Two energy sector specialists – Tribeca Investment Partners’ Todd Warren and Monash Investors’ Simon Shields – give their outlook on the energy sector.
Karoon investor marketing has eyes on M&A, raising
Karoon Energy boss Julian Fowles was in Brazil this time last week, hosting investors and analysts at its oil wells.
- Yolanda Redrup, Sarah Thompson, Kanika Sood and Anthony Macdonald
February 2022
Karoon Energy eyes oil acquisitions with caution
Oil’s jump to above $95 a barrel is tempting the industry to hunt for more crude, but an Australian listed Brazilian producer takes a more cautious approach.
- Elouise Fowler
All the profit results for February 23, 2022
Results briefing | News and analysis on today’s profit results from Woolworths, WiseTech, APA, Carbon Revolution, Charter Hall Retail, Coronado, Domino’s Pizza, Healius, HT&E, Karoon Energy, McPherson’s, Pilbara Minerals, Scentre, Stockland, Wagners, Worley and Ventia Services.
Santos ‘books’ CO2 disposal capacity
In what may be a controversial world first, Santos has booked capacity for CO2 storage in its annual reserves statement, alongside its oil and gas resources.
- Angela Macdonald-Smith
October 2021
Investors cool on Karoon strategy refresh
Recently installed chief executive officer Julian Fowles unfurled a new strategy to investors on Thursday but production guidance was unchanged.
- Elouise Fowler