KAR 3.90% $1.73 karoon energy ltd

News: KAR Karoon Gas Australia enters framework agreement with DEA Deutsche Erdoel Ag in Brazil

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    July 31 (Reuters) - Karoon Gas Australia Ltd (KAR)

    • Enters framework agreement with DEA in Brazil
    • Entered into agreements with DEA Deutsche Erdoel Ag
    • Deal to review and evaluate and, if thought appropriate, jointly bid for oil and gas assets in selected areas offshore brazil
    • DEA granted exclusive option to buy non-operated interest of up to 50 percent in co's 5 santos basin offshore blocks
 
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