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ASX Stocks to Buy in April 2025 - Sydney
Thursday, 3 April 2025
Item details
City:
Sydney, New South Wales
Offer type:
Offer
Item description
"The markets are facing uncertainty following tariff quagmire. These growing companies to invest in, however, remain defiant offering an opportunity.
Karoon Energy Ltd (ASX: KAR)
Karoon Energy Ltd (ASX: KAR), on 02 April 2025, successfully completed the well intervention for SPS-88 in the Bauna Project, with production resuming on March 28, 2025, ahead of schedule. The well is producing around 2,000 barrels of oil per day (bopd) and is gradually being optimized. Following the annual maintenance shutdown from March 7-27, production at Bauna has ramped up to approximately 26,500 bopd, exceeding pre-shut-in levels due to the resumption of SPS-88. The FPSO’s efficiency, bolstered by recent maintenance activities, is expected to improve further, aiming for a 90-95% efficiency target. The flotel, supporting additional maintenance, will remain until April 6, 2025, with more work planned through 2026.
"
Karoon Energy Ltd (ASX: KAR)
Karoon Energy Ltd (ASX: KAR), on 02 April 2025, successfully completed the well intervention for SPS-88 in the Bauna Project, with production resuming on March 28, 2025, ahead of schedule. The well is producing around 2,000 barrels of oil per day (bopd) and is gradually being optimized. Following the annual maintenance shutdown from March 7-27, production at Bauna has ramped up to approximately 26,500 bopd, exceeding pre-shut-in levels due to the resumption of SPS-88. The FPSO’s efficiency, bolstered by recent maintenance activities, is expected to improve further, aiming for a 90-95% efficiency target. The flotel, supporting additional maintenance, will remain until April 6, 2025, with more work planned through 2026.
"
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