BUZZ-Australia's Karoon Energy up on strong qtrly sales volumes, buyback program

Reuters

01-30

BUZZ-Australia's Karoon Energy up on strong qtrly sales volumes, buyback program

** Shares of Karoon Energy KAR.AX rise 3.9% to A$1.48, their highest level since Jan. 20

** The oil & gas explorer reports sales volumes of 3.14 MMboe in fourth quarter, 53% higher sequentially

** Co also announces additional $75 million buyback program

** Stock up over 6% this year, including the day's move

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com))

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