Karoon Secures Bauna FPSO at Compelling Price -- Market Talk

Dow Jones

Feb 28, 2025

2331 GMT - Barrenjoey's verdict on Karoon Energy's US$115 million deal to buy the floating production storage and offloading vessel at its Bauna oil field in Brazil: it's a steal. Analyst Dale Koenders previously estimated a deal would be done for US$150 million. The acquisition will enable Karoon to save US$25 million-US$45 million of annual net costs and better manage maintenance to improve reliability. It also means Karoon can be sure of an FPSO being available when its current lease ends, enabling it to investigate extending Bauna's life. "We estimate an internal rate of return on acquisition of 23%, and value of A$0.20/share," Barrenjoey says, although this was already assumed in its stock valuation. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

February 27, 2025 18:31 ET (23:31 GMT)

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Analyst Dale Koenders previously estimated a deal would be done for US$150 million. The acquisition will enable Karoon to save US$25 million-US$45 million of annual net costs and better manage maintenance to improve reliability. It also means Karoon can be sure of an FPSO being available when its current lease ends, enabling it to investigate extending Bauna's life. \"We estimate an internal rate of return on acquisition of 23%, and value of A$0.20/share,\" Barrenjoey says, although this was already assumed in its stock valuation. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 27, 2025 18:31 ET (23:31 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Karoon Secures Bauna FPSO at Compelling Price -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKaroon Secures Bauna FPSO at Compelling Price -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-28 07:31</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2331 GMT - Barrenjoey's verdict on Karoon Energy's US$115 million deal to buy the floating production storage and offloading vessel at its Bauna oil field in Brazil: it's a steal. Analyst Dale Koenders previously estimated a deal would be done for US$150 million. The acquisition will enable Karoon to save US$25 million-US$45 million of annual net costs and better manage maintenance to improve reliability. It also means Karoon can be sure of an FPSO being available when its current lease ends, enabling it to investigate extending Bauna's life. \"We estimate an internal rate of return on acquisition of 23%, and value of A$0.20/share,\" Barrenjoey says, although this was already assumed in its stock valuation. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 27, 2025 18:31 ET (23:31 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7142","symbol_name":"石油与天然气的勘探与生产","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2514352351","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514352351","pubTimestamp":1740699060,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2331 GMT - Barrenjoey's verdict on Karoon Energy's US$115 million deal to buy the floating production storage and offloading vessel at its Bauna oil field in Brazil: it's a steal. Analyst Dale Koenders previously estimated a deal would be done for US$150 million. The acquisition will enable Karoon to save US$25 million-US$45 million of annual net costs and better manage maintenance to improve reliability. It also means Karoon can be sure of an FPSO being available when its current lease ends, enabling it to investigate extending Bauna's life. \"We estimate an internal rate of return on acquisition of 23%, and value of A$0.20/share,\" Barrenjoey says, although this was already assumed in its stock valuation. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7142":"石油与天然气的勘探与生产","KAR.AU":"KAROON ENERGY LTD"},"translate_title":"Karoon以极具吸引力的价格获得Bauna FPSO——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KAR.AU":0.9},"content_text":"2331 GMT - Barrenjoey's verdict on Karoon Energy's US$115 million deal to buy the floating production storage and offloading vessel at its Bauna oil field in Brazil: it's a steal. Analyst Dale Koenders previously estimated a deal would be done for US$150 million. The acquisition will enable Karoon to save US$25 million-US$45 million of annual net costs and better manage maintenance to improve reliability. It also means Karoon can be sure of an FPSO being available when its current lease ends, enabling it to investigate extending Bauna's life. \"We estimate an internal rate of return on acquisition of 23%, and value of A$0.20/share,\" Barrenjoey says, although this was already assumed in its stock valuation. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 27, 2025 18:31 ET (23:31 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}