Search results for: Karoon Gas

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  • 20 August 2014

    Karoon Gas intends to undertake an on-market share buyback over the next 12 months of up to 25,112,076 KAR ordinary shares, or up to approximately 10% of the ordinary shares on issue. Based on a price of A$3.66 per share, Karoon’s last traded price on Tuesday, 19 August, this would equate to up to approximately A$92 […]

  • 4 July 2011
    Project & Tenders, Research & Development

      On the 4th of July, Karoon Gas Australia Ltd through ConocoPhillips, the operator of its three Browse Basin blocks, received the required approvals to commence drilling from the Australian Government’s Department of Sustainability, Environment, Water, Population and Communities (DSEWPC) and is now moving quickly into the Phase-2 drilling program. Final drilling contracts for the […]

  • 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.

  • 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 […]

  • 6 May 2013

    Karoon Gas Australia Ltd has made a second oil discovery in its three well Santos Basin exploration drilling campaign. The announcement of the oil discovery at its Bilby-1 well sent Karoon shares up 22% In its press release, Karron says that oil is contained within an interbedded sand and shale interval of Maastrichtian age and has […]

  • 16 May 2014

    Karoon Gas FPSO, a wholly owned subsidiary of Karoon Gas Australia, has entered into a Farm‐out Agreement to farm‐out a 50% interest in Carnarvon Basin Exploration Permit WA‐482‐P to Apache Northwest Pty Ltd a wholly owned subsidiary of Apache Corporation. Pursuant to the Farm‐out Agreement, Apache will acquire a 50% interest in the Permit on […]

  • 11 June 2014
    Business & Finance

    Karoon Gas Australia is restructuring its Board of Directors to ensure the appropriate size, composition and skills mix to add value for shareholders as the Company moves into the appraisal and development phase. As previously announced, the restructure process will include the retirement of one of Karoon’s longest standing directors, Stephen Power, along with the appointment of […]

  • 27 July 2020
    Business & Finance, Business developments & projects, Exploration & Production

    Karoon has executed a binding agreement to amend the sale and purchase agreement to acquire a 100 per cent operating interest in the Baúna field located offshore Brazil.

  • 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 […]

  • 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, […]

  • 4 September 2014

    Karoon Gas Australia started with the shares buyback program announced at the end of last month.  56,626 of units were bought back at a total price of A$221,413.32. The highest and the lowest price paid were A$3.96 and A$3.875 respectively. 25,055,450 of KAR ordinary shares remain on issue.   LNG World News Staff, September 4, 2014; Image: Karoon […]

  • 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 […]

  • 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 […]

  • 4 July 2011
    Business & Finance, Project & Tenders

    On the 4th of July, Karoon Gas Australia Ltd  through ConocoPhillips, the operator of its three Browse Basin blocks, received the required approvals to commence drilling from the Australian Government’s Department of Sustainability, Environment, Water, Population and Communities (DSEWPC) and is now moving quickly into the Phase-2 drilling program. Final drilling contracts for the five […]

  • 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 […]

  • 14 June 2016

    Karoon Gas Australia has issued a default notice to Pacific Exploration and Production Corp., its joint venture partner in the Santos Basin blocks offshore Brazil, in respect of an overdue payment.  Karoon has 65% interest in five Santos Basin blocks, S‐M‐1037, 1101, 1102, 1165 & 1166, and Pacific holds the remaining 35%. Karoon said the company has issued the […]

  • 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 […]

  • 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 […]

  • 16 May 2014
    Business & Finance, Operations & Maintenance, Project & Tenders

    Karoon Gas FPSO Pty Ltd, a wholly owned subsidiary of Karoon Gas Australia Ltd, has entered into a Farm‐out Agreement to farm‐out a 50% interest in Carnarvon Basin Exploration Permit WA‐482‐P to Apache Northwest Pty Ltd a wholly owned subsidiary of Apache Corporation. Pursuant to the Farm‐out Agreement, Apache will acquire a 50% interest in […]

  • 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 […]

  • 14 July 2014

    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 […]

  • 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 […]