There is a lot going on in the area regarding Karoon S C. Brazil...

There is a lot going on in the area regarding Karoon S C.

Brazil economics and politics regarding oil and gas are under close inspection. Some of the big companies looking in the area, including Australia, are feeling the effects of the oil prices. The USA is looking for cost of oil to drop more.

Karoon is in a hold pattern until a stable environment is economical for them to announce future plans. This includes determining what potential major investors share their plans. The current market will not help small cap companies at this point.
Karoon will watch their existing capital very close in hopes for a company with big pockets to make an offer.
BHP tipped to announce big profit fall
Mining giant BHP Billiton's annual earnings are expected to have been halved by plunging commodity prices.
Underlying earnings of about $US6.6 billion ($A9.2bn) are expected to be reported by the company when it releases its financial results for the year to June 30 after the share market closes on Tuesday.
That's down from $US13.4bn a year earlier, due to lower prices for iron ore, copper and coal, and impairments in its copper and oil operations.
It also demerged some of its metals assets into South32 in the year.
Cost cutting is likely to be a key theme for chief executive Andrew Mackenzie when he briefs analysts on the company's plans, after several recent moves to cut staff.
Investors will also be seeking information on BHP's plans for dividends.
Falling iron ore prices contributed to a 43 per cent fall in Rio Tinto's underlying earnings in the six months to June, which is aiming to cut $US1bn in costs in 2015