Search results for: Karoon

365 results

A list of search results

  • 5 May 2011
    Business & Finance

    Karoon, as operator of five blocks in the Santos Basin, today signed a letter of intent to contract with Dolphin Drilling Ltd, for the “Blackford Dolphin” semi-submersible drilling rig. The completion of the final drilling agreements is subject to final negotiations and is expected by the end of June 2011. This letter of intent covers […]

  • 25 August 2011
    Business & Finance

    Karoon, as operator of five wholly owned blocks in the Santos Basin, Brazil, today executed final drilling agreements with Dolphin Drilling Ltd, for the “Blackford Dolphin” semi-submersible drilling rig. The drilling contract covers the use of the Blackford Dolphin rig for the drilling of three wells in Karoon’s Santos Basin blocks, to commence in the […]

  • 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 […]

  • 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 […]

  • 23 December 2011

    Karron Gas today provided update on its global drilling program. Browse Exploration Drilling Campaign- Transocean Legend 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. The drilling campaign is now […]

  • 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 […]

  • 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 […]

  • 10 January 2020
    Exploration & Production, Project & Tenders

    Karoon Energy has said that the Stena Forth drillship has arrived in the Port of Callao Lima Peru ahead of drilling the Marina-1 exploration well located in Block Z-38 Tumbes Basin, Peru.

  • 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 […]

  • 21 October 2019
    Business & Finance

    Karoon Energy has signed a marketing agreement with Shell West to trade and ship crude oil production from the Baúna field located offshore Brazil.

  • 28 March 2013
    Business & Finance, Operations & Maintenance, Project & Tenders

    Pacific Rubiales Energy Corp. has elected to exercise its option to acquire a 35% interest in Karoon Gas Australia Ltd’s Santos Basin Block, S‐M‐1166. In consideration for acquiring the option interest in S‐M‐1166, Pacific Rubiales will fund the initial US$70 million in well costs along with 35% of costs thereafter relating to the Bilby‐1 exploration […]

  • 15 November 2019
    Business & Finance, Exploration & Production

    Karoon Energy has executed binding agreements with Stena Drilling and Tullow Oil to contract the Stena Forth drillship. 

  • 2 February 2018
    Infrastructure, Project & Tenders

    Karoon Gas Australia has launched a request for tender to select suppliers for its operated Echidna development located offshore Brazil. 

  • 30 March 2017

    Australian oil company Karoon Gas is no longer in exclusive talks with the Brazilian state-owned oil giant Petrobras regarding the sale of interest in two fields off Brazil as Petrobras is starting a new process.  On October 7, 2016, Karoon Gas Australia confirmed the award of the right to negotiate a final agreement with Petrobras, […]

  • 19 September 2012
    Business & Finance

    Karoon Gas Australia Ltd and Pacific Rubiales Energy Corp. (PRE) have, through their subsidiaries, executed final agreements for PRE to acquire a 35% interest in the Karoon’s wholly owned Santos Basin Exploration Blocks, S-M-1101, S-M-1102, SM- 1037 and S-M-1165 with an option to acquire a 35% interest in S-M-1166 (“Blocks”). In consideration for acquiring 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 […]

  • 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 […]

  • 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 […]

  • 7 October 2016

    Karoon Gas Australia Ltd has been awarded an exploration permit in the Great Australian Bight, offshore South Australia. The exploration permit EPP46 covers 17,793 square kilometers of the Ceduna Sub‐Basin, in the Great Australian Bight (‘GAB’), described by Karoon as “Australia’s most active and prospective frontier oil exploration province.” “The GAB holds one of the […]

  • 20 February 2018
    Project & Tenders

    Karoon Gas has received an approval from Brazilian authorities to change the work program on its blocks offshore Brazil in favor of progressing Echidna and Kangaroo projects to a future development phase.

  • 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 […]

  • 7 February 2011
    Business & Finance

    Maruja Field Appraisal Karoon advises that the semi-submersible ‘the Diamond Offshore Ocean Yorktown(photo) semisubmersible drilling rig’ has now moved onto location and is preparing to commence drilling on the Maruja-2 appraisal well. The well’s surface location is 4.8 km north east of the Maruja-1 discovery well. The Maruja-2 well objectives are to test the extension […]