Karoon close to joining ASX's serious producers

KAROON Energy is a whisker away from closing its Bauna transaction with Brazilian national oil giant Petrobras and becoming a producer, with a target date of the end of this month, however RBC Capital Markets analyst Gordon Ramsay suggests this could slip back a few days. 

Karoon close to joining ASX's serious producers Karoon close to joining ASX's serious producers Karoon close to joining ASX's serious producers Karoon close to joining ASX's serious producers Karoon close to joining ASX's serious producers

New transaction terms attractive, company share price target to double: RBC 

 
Despite this, the bank is bullish on the company and its moves into the prolific Santos Basin that will transform it into a serious oil producer on the ASX, behind only majors like Woodside,