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FINANCING

Karoon looks for interim funds

KAROON Gas has negotiated the key commercial terms for a $US100 million ($A107 million) bridge facility with National Australia Bank.

Andrew Snelling
Karoon looks for interim funds

The facility will be used to supplement operational cash requirements prior to receipt of the initial $600 million from the sale of its Browse Basin permits to Origin Energy. Origin agreed to buy Karoon's...

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