http://business.theage.com.au/business/karoon-shares-halted-20090504-as0r.htmlKaroon did not say so but market rumours were that the trading halt relates to equipment problems with testing tools in the well, a joint venture with US group ConocoPhillips.
The problems mean that there will be a delay in the joint venture being able to confirm Poseidon as the big gas find that has previously been indicated - but not confirmed - by earlier results.
We might need to wait until after Wednesday.
http://business.theage.com.au/business/karoon-shares-halted-20090...
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