KAR 2.84% $1.88 karoon energy ltd

brazil and peru, page-2

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    Shame then that the new report confirms that rather than doubling:

    Based on Karoon’s equity interest, the Pg-adjusted net mean prospective resources as of 31 August 2010 was 589 million barrels of oil, and has decreased to 561 million barrels of oil as of 30 September 2012. Contributing to the reduction was the 35% farm out of Karoon’s five Santos Basin Blocks in Brazil.

    http://www.asx.com.au/asxpdf/20120928/pdf/4290tsls1y3zk1.pdf
 
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