Karoon Energy Ltd. announced regulatory approvals required for the planned drilling of two control wells on the Neon oil discovery were received in Brazil on 18 January 2023. Consequently, the Noble Developer drilling rig, which had been preparing to anchor at the BAN-1 location, is now being mobilised directly to Block S-M-1037 (Karoon ­ 100%), with the first Neon control well expected to commence drilling in the next few days. The BAN-1 well intervention, to re-open a lower, previously producing reservoir zone, has been deferred to a later date.