brazil - sub salt.... billions of boe, page-4

Swannie,
that is a gem of a find, thanks for posting. The complete article makes interesting reading, esp. this bit "Karoon is keen to expand in Brazil, and will take a close look at the 11th auction of traditional exploration licenses and the first auction of subsalt exploration licenses, Mr. Hosking said. The company has already identified some areas in the northern and northeastern Brazil that are enticing, but will wait to see the data packages released by local regulators before making a decision to participate, he added"

Also noted that if all goes well with the review of seismic on Stingray it could be drilled in 2014.

It's amazing how the upside in KAR just gets better and better and to think that the icing on the cake could lay under the salt layer. It's a shame that KAR can't get some exposure here in AUS about it's enormous potential.

ANZ