Karoon Gas Australia -
ASX code KAR
Australia Ltd (Karoon Gas) is an Australia-based exploration company engaged in the hydrocarbon exploration
and evaluation in Australia, Brazil and Peru.
Australia: exploration and
evaluation of hydrocarbons in four offshore permit areas: WA-314-P,
WA-315-P, WA-398-P and WA-482-P;
Brazil: exploration and
evaluation of hydrocarbons in five offshore blocks including Block
S-M-1037, Block S-M-1101, Block S-M-1102, Block S-M-1165 and Block
Peru: exploration segment is involved in the
exploration and evaluation of hydrocarbons in two blocks in Peru,
including Block 144 (onshore) and Block Z-38 (offshore).
34-38 Lochiel Avenue
Mount Martha, VIC 3934
Phone: 61 3 5974 1044
Fax: 61 3 5974 1644
Robert Michael Hosking Executive Chairman, Chief Executive Officer and
Mr. Scott Hosking B. Commerce,
Group Chief Financial Officer and Company Sec. 351.00K
Mr. Edward Munks B.Busfcpa,Maicd,
Chief Operating Officer 498.00K
Mr. Timothy Hosking Chief Executive Officer of Brazil and
General Manager of South American 423.00K
Mr. Mark Alexander Smith Dip. App. Geol., Bsc. (Geology),
Exploration Director and Executive Director
Lino Barro Engineering Manager
Jose Coutinho Barbosa Non-Executive Director
Stephen Power Non-Independent Non-Executive Director
Geoff Atkins Non-Executive Independent Director
Clark Davey Non-Executive Independent Director
According to Macroaxis, the
company has return on total asset (ROA) of (1.09) % which means that
it has lost $1.09 on every $100 spent on asset. This is way below
average. Similarly, it shows return on equity (ROE) of (1.82) %
meaning that it
generated substantial loss on money invested by shareholders.
Woodside and Inpex are both in the advanced stages of planning LNG
plants, Karoon Gas/ConocoPhillips and Shell are planning exploration
drilling, and a number of other companies have exploration permits
in the Browse Basin.
Search the ASX website for company announcements from KAR
April 08, 2013 - Karoon currently holds 100% of the operated
Santos Basin Blocks; however, it has completed agreements with
Pacific Rubiales Energy Corp. (TSX: PRE; BVC: PREC; BOVESPA: PREB)
to divest a 35% net working interest in the Santos Basin Exploration
Blocks, S-M-1101, S-M-1102, S-M-1037 and S-M-1165.
This working interest in the Blocks is subject to the completion of
farm in commitments and the approval of the Agencia Nacional do
Petroleo ('ANP'). Pacific Rubiales also has an option to acquire a
35% interest in the S-M-1166 block,subject to meeting the farmin
requirements and ANP regulatory approval being granted.
Karoon is currently the operator of the S-M-1101, S-M-1102,
S-M-1037, S-M-1165 and S-M-1166 blocks.
At the completion of the three well exploration program, Pacific
Rubiales will be entitled to request the operatorship of those
Blocks it has been granted a working interest in, operatorship will
be subject to the approval of the regulatory approval of the ANP.
KAR 5 year chart, dated 18 November 2013.
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