KAR 0.30% $1.66 karoon energy ltd

Ann: Response to Media Speculation, page-2

  1. 281 Posts.
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    "Karoon Energy Ltd (ASX:KAR) make the following statement in relation to the news published by Upstream on the 12 July 2019. Karoon confirms it has been notified that it has presented the high bid in the process to acquire a 100% operating interest in Santos Basin off-shore Brazil concession BM-S-40, which contains the producing Bauna light oil project. The transaction remains subject to approval by Petrobras' Board and governance bodies. This bid is in line with Karoon’s stated strategy to create value for shareholders by acquiring a high quality, transformational production asset."
 
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