DRILLING

Bilby busting for Karoon

KAROON Gas has confirmed a proven gross oil column of 320m at its Bilby-1 well offshore Brazil days after news of a 200m column sent its shares up 22.56% for the day.

It told the market this morning that it had confirmed a 320m gross oil column at its well, confirmed by pressure information and physical sampling of oil from the reservoirs. It said that a total of...

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