Search results for: Karoon Gas Australia

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  • 29 July 2016

    Karoon Gas Australia has once again served default notices to Pacific Exploration and Production, its joint venture partner in the Santos Basin blocks offshore Brazil, related to overdue payment.  Karoon Gas Australia has 65% operated interest in five Santos Basin Brazil blocks, S‐M‐1037, 1101, 1102, 1165 & 1166, while Pacific holds the remaining 35% interest. The Australian […]

  • 8 August 2013
    Business & Finance, Operations & Maintenance, Research & Development

    Karoon Gas Australia Ltd recently announced the launch of an underwritten placement to raise approximately A$150 million at an offer price of A$5.10 (“Placement”). The offer price represents an 8.9% discount to the last trading price of A$5.60 on 6 August 2013. The proposed placement will strengthen Karoon’s balance sheet to: • provide financial flexibility […]

  • 23 February 2012
    Business & Finance

    Karoon Gas Australia Ltd’s 2012 drilling campaign is expected to commence during the first week of March 2012 when the “Transocean Legend” drilling rig is mobilised by the Karoon/ConocoPhillips Joint Venture from the port of Dampier. A minimum of five wells will be drilled during the exploration program which is directed principally at better defining […]

  • 5 April 2013

    KaroonGas Australia pre‐emptive rights WA‐315‐P and WA‐398‐P Karoon Gas Australia Ltd has notified ConocoPhillips of its intention not to exercise its right to pre‐empt the proposed sale by ConocoPhillips of a 20% interest in Browse Basin exploration Blocks WA‐315‐P and WA‐398‐P to Chinese National Petroleum Company (“PetroChina”). By not exercising its pre‐emptive right under the joint venture agreements, Karoon […]

  • 26 March 2012
    Business & Finance

    A minimum of five wells will be drilled during the exploration program which is directed principally at better defining the contingent resource size and characteristics of the greater Poseidon structure.

  • 3 October 2017
    Exploration & Production

    Brazilian oil and gas regulator ANP last week held a licensing round, offering 287 offshore and onshore exploration blocks for oil companies to bid for. Out of the 287 blocks, it offered 76 offshore blocks in the Santos basin, the second largest producer of oil and the first of natural gas in Brazil. Only one […]

  • 14 August 2018
    Business & Finance

    Australian oil and gas explorer Karoon Gas Australia has informed that its Chairman Dr. David Klinger passed away after a short illness.

  • 10 August 2015
    Business & Finance, Project & Tenders

    The shares of Karoon Gas Australia will be placed in Trading Halt Session State at the request of the company. The company requested the trading halt pending the release of an announcement related to its drilling operations in Australia. According to the Australian Stock Exchange, the securities will remain in Trading Halt Session State until the […]

  • 7 August 2013

    Karoon Gas Australia Ltd yesterday announced the launch of an underwritten placement to raise approximately A$150 million at an offer price of A$5.10 (“Placement”). The offer price represents an 8.9% discount to the last trading price of A$5.60 on 6 August 2013. The proposed placement will strengthen Karoon’s balance sheet to: • provide financial flexibility to […]

  • 16 June 2014
    Business & Finance

    Karoon Gas Australia Ltd’s Board of Directors has appointed Peter Turnbull as an Independent Non‐Executive Director.   The appointment follows the resignation of Stephen Power and provides for an independent majority on Karoon’s Board of Directors. The appointment of Turnbull ensures the Board has an appropriate size, composition and skills to add value for shareholders […]

  • 6 December 2013

    Karoon Gas Australia sad that on Friday the 6 1/2” hole section on Grace-1 well was drilling at a depth of 4,395 metres. The current hole section contains the primary Lower Plover formation target. Since the 22nd November 2013 Grace‐1 progress report, the 7‐5/8” liner was cemented in place to a depth of 4,118 metres, […]

  • 25 March 2013

    Karoon Gas Australia said that the Proteus ‐ 1 exploration well was spudded at 04:28 hours (WDT) today, 25 March 2013. The Transocean Legend semi ‐ submersible rig is drilling the exploration well, which is operated by ConocoPhillips. ConocoPhillips is the operator of the jointly held WA ‐ 314 ‐ P, WA ‐ 315 ‐ […]

  • 20 December 2013

    Karoon Gas Australia sad that on Friday, preparations were being made to conduct scheduled Blowout Preventer (BOP) testing. On completion of BOP testing, the Grace-1 well will continue drilling in the 6-1/2” hole section. The current hole section contains the primary Lower Plover formation target. Since the 6th December 2013 Grace-1 progress report, the 6-1/2”hole section was drilled […]

  • 23 December 2011
    Business & Finance

    The “Transocean Legend” drilling rig is nearing completion of maintenance prior to the commencement of a firm drilling programme comprising five wells with an option for three additional wells in Karoon/ConocoPhillips Browse Basin permits, Karoon Gas Australia said in its Global Drilling Update. The drilling campaign is now expected to stard in early-February 2012 when […]

  • 24 December 2015

    Karoon Gas Australia, an independent oil company, has hired the Olinda Star semi‐submersible drilling rig, for operations in Brazil. The Olinda Star has been contracted to drill two firm wells and two optional wells in Karoon’s 65% owned and operated Santos Basin blocks S‐M‐1037, 1101, 1102, 1165 and 1166 (the ‘Blocks’), with drilling scheduled to start during the […]

  • 25 June 2014

    Karoon Gas Australia said that Bernard Wheelahan has been appointed as an Independent Non‐Executive Director of the company. Wheelahan is an industry veteran with over fifty years in the oil and gas and broader resources industries in Australia and overseas. He has been President of Shell Venezuela and a Director of Shell Australia, Woodside Petroleum […]

  • 16 September 2011

    Karoon Gas Australia Ltd announced that it has retained its Executive Director, Robert Hosking, under a new employment agreement. This agreement provides Karoon with certainty that management will remain stable through its upcoming global exploration campaigns which are planned to include a minimum of ten wells over the upcoming two year time frame. The ongoing […]

  • 17 August 2012

    Karoon Gas Australia Ltd announced that today, Boreas-1 was drilling out cement in the 9-5/8” casing shoe. Since the last report, the BOP troubleshooting and function testing was completed satisfactorily and the 9-5/8” casing was successfully pressure tested. Drilling of the 8-1/2” hole section will commence later today. The Transocean Legend semi-submersible rig is drilling […]

  • 20 March 2014

    Karoon Gas Australia said that Poseidon North‐1, the fifth well in the Browse Basin Phase 2 exploration drilling campaign, was spudded on 19 March. The Poseidon North‐1 exploration well, located 6.5 kilometres north‐east of Poseidon‐1 in permit WA‐315‐P, on the crest of a large, tilted fault block, is targeting the Plover and Montara formations and has the […]

  • 13 November 2012

    Karoon Gas Australia said that the Zephyros-1 exploration well was spudded at 06:45 hours (WDT) on 12 November. The Transocean Legend semi-submersible rig is drilling the exploration well, which is operated by ConocoPhillips. ConocoPhillips is the operator of the jointly held WA-314-P, WA-315-P and WA-398-P Browse Basin permits containing the previously announced Poseidon and Kronos […]

  • 16 June 2011
    Business & Finance, Project & Tenders

    Karoon Gas Australia Ltd provides the following information to clarify media reports over the previous day in relation to the status of relevant federal government approvals for its proposed Browse Basin drilling program. During May 2011 a new application for a drilling approval was submitted to the Department of Sustainability, Environment, Water, Population and Communities […]

  • 8 August 2013

    Karoon Gas Australia announced the launch of an underwritten placement to raise approximately A$150 million at an offer price of A$5.10. The offer price represents an 8.9% discount to the last trading price of A$5.60 on 6 August 2013. The proposed placement will strengthen Karoon’s balance sheet to: provide financial flexibility to achieve the best possible outcome […]