From a January 2015 report "The Kangaroo-2 flow rates were...

From a January 2015 report

"The Kangaroo-2 flow rates were decent and probably at the higher range of company
expectations. But what could become equally as important is that the success at the two
wells Karoon has drilled so far increases the chances that planned wells at its nearby, and
similar, prospects will be a success.

It also increases the chance Melbourne-based Karoon will be able to bring in a partner and
that an oil and gas discovery by Spain’s Repsol to the north, known as Piracuca, could be
developed in conjunction with Kangaroo and the other Karoon prospects.

Those prospects include the Echidna target, a similar salt-flank play to Kangaroo about 20km to the northeast, which could host a well in the current four-well program. Echidna is 7km away from Piracuca."

KW would have been fantastic - but its not all over yet.