KAR 3.43% $1.81 karoon energy ltd

Ann: Farmin to North Carnarvon Basin Permit WA-48, page-9

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    re: Ann: Farmin to North Carnarvon Basin Perm... Anyone know the back story on this latest permit?

    WA-482-P was only awarded to Liberty Petroleum Corp. in the latest 2011 Exploration Acreage Release on September 13 this year.

    http://minister.ret.gov.au/MediaCentre/MediaReleases/Pages/New227mInvestmentOffshore.aspx

    So is this just a quick flip by Liberty or do Karoon see something they just have to have and gazumped them?
    I note there were four bids for this acreage. I assume KAR was one of the unsuccessful bidders in this round.
 
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