Here's the relevant bit Mith was quoting from. Seems very positive for Karoon.
"Santos talked up the quality of its recent Crown discovery in Western Australia's offshore Browse Basin, giving a strong signal it could be combined with the neighbouring Poseidon discovery, owned by ConocoPhillips and KAROON GAS, to expand the Darwin LNG plant. "We're very much moving into the phase of when and how, not if, we will bring gas back to Darwin, not just in relation to ultimate backfill of the existing train, but for expansion," Santos WA and Northern Territory head John Anderson said of the Conoco-operated Darwin plant in which Santos has an 11.5 per cent stake.
"We're alongside the Poseidon field and you can kind of get a sense that there's an obvious collaboration story there between Poseidon and Crown."
Bell Potter analyst Di Brookman said the strong statements about Crown at the investor day indicated it could be a highly productive field and now appeared a stronger option for Darwin expansion than the other flagged option, the Caldita-Barossa field in the Timor Sea."
Cheers,
Stevo
KAR Price at posting:
$4.11 Sentiment: Buy Disclosure: Held
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