Karoon Gas: Targeting Brazil, Peru Asset Stake Sales In 1Q
22 Diciembre 2011 - 11:34PM
Noticias Dow Jones
Karoon Gas Australia Ltd. (KAR.AU) said Friday that it hopes to
wrap up a process to sell stakes in its Brazil and Peru assets in
the first quarter of next year.
"Karoon continues to have strong interest, with several parties
now moving through internal reviews, declaring an interest or
scheduling visits," the company said in a statement to the
Australian Securities Exchange.
Karoon has a data room open on its assets in Peru's Tumbes Basin
and Brazil's Santos Basin, where a number of large oil fields have
been found.
Karoon also said it expects to start a five-well drilling
campaign in Australia's Browse Basin with partner ConocoPhillips
(COP) in early February, following the completion of maintenance at
the Transocean Legend rig.
-By David Winning, Dow Jones Newswires; +61-2-82724688;
david.winning@dowjones.com
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