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Concerns for outperforming Karoon

RBC Capital Markets analysts Ben Wilson and James Nevin rate Karoon Gas Australia at Outperform after its latest Brazilian foray that joins ExxonMobil in the massive Santos Basin, but optimism is tempered by farm-in concerns.

Concerns for outperforming Karoon

Karoon offered a farm-in option to Germany's DEA Deutsche Edoel AG for development of its Echidna field with news due in December, but should DEA decline FID might be tricky solo. Karoon was awarded...

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