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Karoon shoos away Pitkin with $9.6 million settlement 

KAROON Energy has finally wrapped up its Peru legal case related to an offshore block it shared with Pitkin Petroleum giving the aggrieved party $9.6 million in 'go away' money. 

Helen Clark
Company can return to Brazil oil focus

Company can return to Brazil oil focus

It said today it had entered into a deed of settlement with the former partner in Block Z-38 and will pay it US$9.6 million which releases it from the block without any admission of liability.    This...

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