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KAR Karoon Energy Ltd

1.797
0.007 (0.39%)
Last Updated: 05:35:30
Delayed by 20 minutes
Share Name Share Symbol Market Type
Karoon Energy Ltd ASX:KAR Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.007 0.39% 1.797 1.795 1.80 1.835 1.795 1.81 1,961,353 05:35:30

Karoon Gas Secures Rig For Browse Basin JV With ConocoPhillips

08/09/2011 5:42am

Dow Jones News


Karoon Energy (ASX:KAR)
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Karoon Gas Australia Ltd. (KAR.AU) said Thursday that its joint venture with ConocoPhillips (COP) has secured a rig for their looming drilling campaign in the Browse Basin offshore northwestern Australia.

A drilling contract signed with Sedco Forex International Inc. securing the Transocean Legend rig will drill five wells with the options for an extra three. Drilling is expected to commence in the fourth quarter of calendar 2011 and run for 18 months to two years, Karoon said in a statement.

As for its South American assets, Karoon said that a list of potential joint venture partners will be shortlisted "in the near future".

-By Ross Kelly, Dow Jones Newswires; 61-2-8272-4692; Ross.Kelly@dowjones.com

1 Year Karoon Energy Chart

1 Year Karoon Energy Chart

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1 Month Karoon Energy Chart