re: Ann: ConocoPhillips exercises option to a...
ConocoPhillips exercises option to acquire additional 9% interest in WA-314-P and WA-315-P
Karoon is pleased to advise that its Joint Venture partner, ConocoPhillips (Browse Basin) Pty Ltd, has exercised its option
to acquire an additional 9% interest in exploration permits WA-314-P and WA-315-P.
As part of the exercise of its option ConocoPhillips will pay 80% of the next US$125 million in Joint Venture expenditure
within exploration permits WA-314-P and WA-315-P.
Equity interests of the participants in WA-314-P, WA-315-P and WA-398-P following the exercise of the option are:
Karoon Gas (Browse Basin) Pty Ltd 40%
ConocoPhillips (Browse Basin) Pty Ltd 60%
Ann: ConocoPhillips exercises option to acquire a, page-2
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