Karoon in trading halt pending drilling results disclosure

The shares of Karoon Gas Australia will be placed in Trading Halt Session State at the request of the company.

The company requested the trading halt pending the release of an announcement related to its drilling operations in Australia.

According to the Australian Stock Exchange, the securities will remain in Trading Halt Session State until the earlier of the start of normal trading on Wednesday, August 12, 2015 or when the announcement is released to the market.

Karoon is currently involved in the drilling of the Levitt-1 exploration well in WA-482-P Carnarvon Basin, offshore Western Australia, using the Ocean America semisubmersible drilling rig. Karoon has a 50% equity interest in WA-482-P.

Quadrant Energy, established following completion of Apache Energy acquisition by Brookfield and Macquarie Capital, is operator of the well and has the remaining 50% interest.

According to Karoon, a successful drilling result would open up a new exploration play in the Carnarvon Basin.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

Offshore Energy Exhibition and Conference (OEEC)

The three-day event features an exhibition where over 600 companies will showcase their products and services…

read more >

Argentina Oil and Gas Expo 2019

The Argentine Oil and Gas Institute (IAPG) organizes the Argentina Oil & Gas Expo bringing together the most…

read more >

OEE Conference & Exhibition 2019

OEE2019 is organised by Ocean Energy Europe, the industry association representing ocean energy in Europe.

read more >

Africa Oil & Power 2019

The Africa Oil & Power conference will bring together an elite class of ministers and senior-level government…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply