Daily Roundup

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Karoon Energy Completes Bauna FPSO Acquisition

Karoon Energy has reached a significant milestone in its evolution, completing the acquisition of the Bauna Floating Production, Storage and Offloading (FPSO) vessel, the Cidade de Itajaí, from Altera & Ocyan. The $115 million deal, plus an additional $8 million in transaction costs, solidifies Karoon's transition from an explorer to an operator of offshore oil and gas production assets.

To ensure a smooth handover, Karoon has signed a Transition Services Agreement with the previous owner. The company is also progressing with the tender process to secure a new service provider who will support Karoon as the FPSO operator going forward.

HitIQ Reinstated to ASX Quotation

After a trading suspension, HitIQ Ltd has been reinstated to the ASX following the release of an announcement regarding a proposed capital raising. The company has not provided any further details about the capital raising or its operations, but the suspension has been lifted, and the shares will resume trading immediately.

HitIQ Raises Up to $3.6M Through Placement and Rights Issue

Building on the news of its reinstatement, HitIQ is now conducting a capital raising of up to $3.6 million through a placement to sophisticated investors and a non-renounceable rights issue to eligible shareholders. The funds will be used to expand manufacturing capacity, drive USA expansion, enhance products, and support business development and R&D.

Woolworths Reports Strong Third Quarter Sales

Woolworths Group Ltd has reported a 3.2% increase in third-quarter sales to $17.3 billion, driven by solid performance in its Australian Food and B2B divisions. eCommerce sales grew 15.7% to $2.2 billion, but the company faced additional costs of $20-25 million due to adverse weather events in Queensland and New South Wales.

WiseTech Confirms Acquisition Discussions with e2open

WiseTech Global has confirmed that it is participating in a strategic review process with US-based e2open, as part of the company's ongoing strategy to accelerate product development and ecosystem reach through acquisitions. However, WiseTech noted that the discussions are indicative, and there is no certainty that a transaction will result.

Stanmore Resources Releases Isaac Downs Extension Coal Reserves Update

Stanmore Resources has released its maiden Reserves Statement for the Isaac Downs Extension Project metallurgical coal mine, with 52 million tonnes of ROM Coal Reserves and 34 million tonnes of Marketable Coal Reserves. This provides a +20-year mine life at up to 4 million tonnes per annum, with a high reserve confidence of 75% Proved Coal Reserves and 25% Probable Coal Reserves.