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Last A$2.81 AUD
Change Today 0.00 / 0.00%
Volume 77.4K
KAR On Other Exchanges
Symbol
Exchange
Berlin
OTC US
OTC US
As of 8:36 PM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

karoon gas australia ltd (KAR) Snapshot

Open
A$2.82
Previous Close
A$2.81
Day High
A$2.82
Day Low
A$2.78
52 Week High
06/2/14 - A$4.05
52 Week Low
01/20/15 - A$2.04
Market Cap
693.0M
Average Volume 10 Days
1.1M
EPS TTM
A$0.84
Shares Outstanding
246.6M
EX-Date
--
P/E TM
3.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for KAROON GAS AUSTRALIA LTD (KAR)

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karoon gas australia ltd (KAR) Details

Karoon Gas Australia Ltd is engaged in the exploration and development of oil and gas properties in Australia, Brazil, and Peru. The company primarily holds interests in the offshore Browse Basin and North Carnarvon Basin, Western Australia; the offshore Santos Basin, Brazil; and the offshore Tumbes Basin and onshore Marañón Basin, Peru. Karoon Gas Australia Ltd was incorporated in 2003 and is headquartered in Melbourne, Australia.

Founded in 2003

karoon gas australia ltd (KAR) Top Compensated Officers

Chief Executive Officer, Managing Director an...
Total Annual Compensation: A$582.2K
Group Chief Financial Officer and Company Sec...
Total Annual Compensation: A$400.0K
Chief Operating Officer
Total Annual Compensation: A$500.0K
Chief Executive Officer of Brazil and General...
Total Annual Compensation: A$377.2K
Exploration Director and Executive Director
Total Annual Compensation: A$572.6K
Compensation as of Fiscal Year 2014.

karoon gas australia ltd (KAR) Key Developments

Karoon Gas Signs Rig Contract for WA-482-P Levitt-1 Well

Karoon Gas Australia Ltd. announced a semi-submersible drilling rig has been contracted to drill the first well for Apache and Karoon in the northern Carnarvon Basin exploration permit WA-482-P. The Levitt-1 exploration well is expected to spud during May. Subsequent to the farm-out of a 50% equity interest in the permit to Apache during May 2014, Apache will be responsible for 90% of the cost of the Levitt-1 exploration well up to a total well cost of USD 70 million. The net to Karoon dry-hole cost is estimated to be USD 5 million. Drilling of the Levitt prospect represents a significant milestone for Karoon. It is the first exploration target to be drilled by the joint venture in this new and very large exploration permit, covering 13,539 square kilometres. Exploration in the permit will evaluate new plays in the northern part of the Carnarvon Basin, with Levitt-1 to be the first well in what is expected to be an ongoing exploration program over a number of years.

Karoon Gas Australia Ltd Announces Management Changes, Effective 19 December 2014

The board of directors of Karoon Gas Australia Ltd. appointed Dr. David Klingner as the new Independent Non-Executive Chairman of the company effective from 19 December 2014. Dr. Klingner is an experienced Chairman with both ASX and offshore companies who has very significant experience in the energy and resources sector and in particular, project development and stakeholder management expertise. Mr. Robert Hosking, the company's founding Executive Chairman will assume the role of Managing Director from 19 December 2014. Dr. Klingner worked for Rio Tinto for 38 years, retiring in 2004.

Karoon Gas Australia Ltd. Announces Executive Changes

Karoon Gas Australia Ltd. announced that Mr. Robert Hosking will retire as Executive Chairman and take up the position of Managing Director once an appropriate candidate has been appointed to the role of independent Non-Executive Chairperson. The Board and the Nomination Committee are currently formalising each role after which the Board will formally commence a search using a global executive search consultant to assist in the identification of an appropriate independent Non-Executive Chairperson. The process is expected to be complete before 30 June 2015. In addition, following a review of Karoon's corporate governance structure, a Risk and Governance Committee has been established comprising independent Non-Executive Directors and chaired by Mr. Peter Turnbull. The committee has been established to oversee the risk management function along with providing ongoing governance recommendations to the Board for the benefit of shareholders.

 

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Industry Analysis

KAR

Industry Average

Valuation KAR Industry Range
Price/Earnings 3.2x
Price/Sales 255.4x
Price/Book 0.7x
Price/Cash Flow 2.7x
TEV/Sales NM Not Meaningful
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To contact KAROON GAS AUSTRALIA LTD, please visit www.karoongas.com.au. Company data is provided by Capital IQ. Please use this form to report any data issues.

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