Karoon Energy Buys Back 36,700 More Shares as On-Market Buy-Back Tops AU$23 Million

Highlights

• Karoon Energy lodged a daily buy-back notice on 8 October 2026, reporting the purchase of 36,700 shares on 7 October for AU$56,423.93.
• The company has now bought back 13,599,825 shares under the program for a total of about AU$23.17 million.
• The on-market buy-back began on 23 July 2026 and is scheduled to run until 23 July 2027.

Latest Daily Buy-Back Notice

Karoon Energy Ltd (ASX: KAR) updated the market on 8 October 2026 with an Appendix 3C daily buy-back notification. The filing covers shares purchased on the previous trading day, 7 October 2026. On that day, Karoon acquired 36,700 fully paid ordinary shares on market. It paid a total of AU$56,423.93. The highest price paid was AU$1.55 per share and the lowest was AU$1.51, which works out to an average of roughly AU$1.54. The notice also shows the highest price Karoon was permitted to pay on that day under ASX Listing Rule 7.33, which was AU$1.63. The purchases were made below that ceiling.

Running Total Under the Program

Before 7 October, Karoon had already bought back 13,563,125 shares for AU$23,109,091.09. Adding the latest purchases brings the total to 13,599,825 shares and about AU$23.17 million. That is equal to about 1.9% of the 710,532,881 shares the notice lists as on issue. The average price paid across the program so far is close to AU$1.70 per share. Prices have ranged widely over the life of the buy-back. The highest price paid was AU$1.92 on 17 September 2026. The lowest was AU$1.405 on 30 September 2026.

How the Buy-Back Is Structured

Karoon first notified the market of the buy-back on 29 June 2026. Purchases started on 23 July 2026, and the proposed end date is 23 July 2027. Key terms set out in the notice include:

• Type: an on-market buy-back, paid for in cash in Australian dollars.
• Broker: Barrenjoey Markets Pty Limited acts on the company's behalf.
• Size: Karoon has not set a minimum or a maximum number of shares to buy.
• Approval: shareholder approval is not required, and the company says the buy-back will stay within the 10/12 limit at all times.

Share Price and What to Watch

Karoon Energy shares  were last quoted at AU$1.565, up AU$0.030 or 1.954%. Daily notices of this kind are routine while a buy-back is active. They let investors track how many shares a company is purchasing and at what prices. With no maximum set and more than nine months left to run, further notices will show whether the pace of buying changes.

Note- All data presented is based on information available at the time of writing.

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