KAR 1.46% $1.39 karoon energy ltd

Ann: Settlement of Dispute in respect of Block Z-38 Offshore Peru, page-4

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  1. 19,695 Posts.
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    KEI Peru rejects Pitkin’s claims and intends to vigorously defend any legal proceedings should they be commenced by Pitkin.

    $9.6mil circumvents the need to be vigorous. Piss poor decision, unless KEI Peru was really in fault.
 
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