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Karoon Energy Provides Chairman's Letter to Shareholders

14 Mar 2019  |  11:49:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Chairman's Letter to Shareholders

Karoon Energy provided Chairman's letter to shareholders. The highest strategic priority remains to acquire a high-quality, long-life production asset with robust economic returns and technical characteristics to establish a solid base of future earnings and free cash flow. The Company is well advanced with this priority, and the board has set clear timelines to close a transaction or flex the strategy accordingly. The board's priority for capital management is to achieve the best returns for shareholders in the medium to long term. Currently it is the board's view that this is best achieved by acquiring a long-life production asset.

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