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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.90 | 1.895 | 1.91 | 0.00 | 01:00:00 |
From May 2019 to May 2024
Shares in Karoon Gas Australia Ltd. (KAR.AU) fell 24% in afternoon trading Thursday, after stating some initial tests on the Poseidon-2 natural gas well offshore Western Australia state were "inconclusive".
"Initial shut-in and build-up periods during the well testing phase have been inconclusive," said Karoon, adding more tests would take place in coming days.
Karoon owns 40% of the WA-398-P permit where the Poseidon-2 exploration well was drilled, with the remaining interest held by U.S. oil and gas producer ConocoPhillips (COP).
At 0435 GMT, Karoon shares were down 22% at A$8.20.
-By David Winning, Dow Jones Newswires; +61-2-82724688; david.winning@dowjones.com
1 Year Karoon Energy Chart |
1 Month Karoon Energy Chart |
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