Wednesday, September 30th, 2009
Browse Basin: Karoon to drill three more wells
Karoon Gas and its partner Conoco Phillips will drill three more gas wells in the Browse Basin.
Karoon’s share prices have been falling since its second exploration well, called Kontiki 1, did not show a payable reserve of gas.
However the company said it will continue on with its exploration drilling program, drilling three more wells called Poseidon 2, Lion 1 and Kronos 1.
The Age [read this story]
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