MARKETS

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.

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

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, Santos...

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