KAR 0.61% $1.66 karoon energy ltd

Could this be relevant to the Trading Halt?PeruThe Peru Block...

  1. 34 Posts.
    Could this be relevant to the Trading Halt?

    Peru
    The Peru Block Z-38 2D marine seismic acquisition survey was completed in March 2009, with 2,393 kilometers of data recorded. Block Z-38, which covers 4,875 square kilometers, lies 15 kilometers from giant oilfields to the south that have produced over 1 billion barrels of oil and 25 kilometers west of BPZ's Corvina Field. A number of substantial prospects and leads have already been mapped from existing seismic, most of them exhibiting direct hydrocarbon indicators. Following PeruPetro and Government approval, equity interests of the participants in Block Z-38 will be: Pitkin (via VAMEX) 40%; Karoon Gas Australia Ltd 60%.


    http://www.rigzone.com/news/article.asp?a_id=76250
 
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