Karoon Energy (Karoon Energy) Receipts from Government Grants : $0.0 Mil (TTM As of Dec. 2023)

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What is Karoon Energy Receipts from Government Grants?

Karoon Energy's Receipts from Government Grants for the six months ended in Dec. 2023 was $0.0 Mil.

Karoon Energy's Receipts from Government Grants for the trailing twelve months (TTM) ended in Dec. 2023 was $0.0 Mil.

Karoon Energy Receipts from Government Grants Historical Data

The historical data trend for Karoon Energy's Receipts from Government Grants can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Karoon Energy Receipts from Government Grants Chart

Karoon Energy Annual Data

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Receipts from Government Grants

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Karoon Energy Semi-Annual Data
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Karoon Energy Receipts from Government Grants Calculation

A company's cash flow from operations for a time period can be determined using either the direct or indirect method. The indirect method modifies the operating section from accrual accounting to a cash basis by taking the net income generated in a period and adding or subtracting changes in the asset and liability accounts to determine the implied cash flow. However, the direct method uses actual cash inflows and outflows from the company's operations directly. Receipts from Government Grants represents cash received from governments in the form of grants in the direct cash flow method.

Receipts from Government Grants for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0.0 Mil.

Karoon Energy Receipts from Government Grants Related Terms

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Karoon Energy (Karoon Energy) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Karoon Energy Ltd (OTCPK:KRNGY) » Definitions » Receipts from Government Grants

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KRNGF:USA LBL:Germany KAR:Australia

Address

6 Riverside Quay, Level 3, Suite 3.02, Southbank, Melbourne, VIC, AUS, 3006

Website

https://www.karoonenergy.com.au

Karoon produces around 8 million barrels of oil annually from its wholly owned Bauna field in Brazil's offshore Santos basin. The company acquired Bauna from Petrobras in 2020 and has been steadily increasing production via well interventions and new developments. Field life is approaching eight years based on proven and probable 2P reserves of 55 million barrels at end December 2022, though this excludes a further 82 million barrels in 2C contingent resources which which have potential to increase life further. We credit life of approximately 10 years, assuming partial conversion of 2C contingent resources into reserve category with drilling. There are also prospective untested targets within Karoon's permits which could potentially add further reserves in the medium term.

Karoon Energy (Karoon Energy) Headlines

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