KAR 1.13% $1.75 karoon energy ltd

bloomberg

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    Karoon is also negotiating with potential partners in South America seeking to attract $200 million to $300 million to fund its exploration plans in Brazil and Peru, Hosking said. Karoon expects 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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