Karoon Energy anticipates a significant production increase over the next year.

The company (ASX:KAR) forecasts unit production costs to be between $11-$15 per barrel for FY24.

It is also expected that unit production costs and capital expenditure will decline during the next year.

However, the company has chosen not to pay dividends in respect of FY23.

Karoon Energy is an energy company focused on the exploration, development, and production of oil and gas.