Karoon Energy (ASX:KAR) has shared its December 2022 quarterly activities report, highlighting oil production from the Bauna Field in the Santos Basin was 2.08 miilion barrels (MMbbl) produced at an average rate of 22,638 barrels of oil per day (bopd).
Karoon Energy says this was 62% higher than in the September quarter and took total production for the first half of FY2023 to 3.37 MMbbl.
It also says oil sales for the quarter were 1.95 MMbbl, up from 1.46 MMbbl in the September quarter, with four cargoes lifted during the period, compared to three in the prior quarter.
Karoon Energy says oil sales revenue from the cargoes lifted was US$159.2M, while cash receipts from oil sales were US$121.4M, and total oil sales revenue for the first half of FY2023 was US$299.4M.