Karoon cancels oil field buy

KAROON Energy has ended its exclusivity agreement with local Brazilian player Enauta Energia after being unable to complete the necessary due diligence in time, it said today.

Karoon acreage expansion iced

23 May 2022
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The mid-cap oiler had planned to acquire a 50% non-operated stake in the Atlanta oil field, which could have doubled its reserve base, and ticked the box for value-accretive, inorganic

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