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Karoon and ConocoPhillips have exerxised their option to drill...

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    Karoon and ConocoPhillips have exerxised their option to drill two additional wells to a total of 4 wells and still retain the option for an additional 4 wells.

    source:
    http://www.asx.com.au/asxpdf/20090902/pdf/31khxd5j9rb46x.pdf

    Regards

    SP
 
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