Investors rally to Karoon as it acquires Bauna oilfield

KAROON Energy has raised A$175 million through an institutional placement and institutional entitlement offer, which will fund its acquisition of the Bauna oil field in the Santos Basin, offshore Brazil.

Investors rally to Karoon as it acquires Bauna oilfield Investors rally to Karoon as it acquires Bauna oilfield Investors rally to Karoon as it acquires Bauna oilfield Investors rally to Karoon as it acquires Bauna oilfield Investors rally to Karoon as it acquires Bauna oilfield

The placement and the institutional entitlement offer both closed significantly oversubscribed with shares offered at 93 cents per new share.

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