Karoon reacts to media reports on buyback

In reference to the Australian Financial Review article “Karoon plans buybacks with Origin’s cash, farm-in deals” dated 14 July 2014, Karoon confirms that it has not made any formal decisions or commitments in respect of a share buyback.

As Karoon does not wish to limit the options available to the company, it said that the statement does not comment on Karoon’s intentions to consider a share buyback in the future.

[mappress]
Press Release, July 14, 2014; Image: Karoon Gas