Farmout talk propels Karoon

The enigmatic Karoon Gas has pushed up again, reaching $1.80 this week after trading around $1.20 a fortnight ago. It said it had not yet completed farmout negotiations for its highly prospective Browse Basin acreage but that serious interest had been shown. KAR closed the week at $1.58.

Another company, which is reaching new heights, is the Tony Barlow (soon to be Aurora) entity, which reached levels not seen since 2000 when it was flogging hire suits.