Karoon hit oil with the Kangaroo-1 well in Eocene-aged rocks in the area adjoining blocks BM-S-68 and BM-S-69 earlier this year, with pressure data confirming a 25 metre gross oil column. On Thursday ...
Karoon Gas Australia Ltd., Melbourne, has found multiple oil-bearing reservoirs in its Kangaroo-2 appraisal well in the Santos basin offshore Brazil. Karoon says it has recovered oil from five ...