Karoon is also negotiating with potential partners in South America and planning to attract $200 million to $300 million to fund its exploration plans in Brazil and Peru, Executive Chairman Robert Hosking said today by phone. Karoon is seeking to reach an agreement in Brazil “shortly,” while discussions in Peru may extend into next year, he said.
http://www.bloomberg.com/news/2014-06-01/origin-to-buy-karoon-stake-in-browse-gas-field-for-800-million.html
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