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Belek

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Belek

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Friday, 10/02/2015 12:36:01 PM

Friday, October 02, 2015 12:36:01 PM

Post# of 2426
Inside Intelligence with Southern Pulse


Global Energy Advisory - 2nd October 2015

Discovery & Development

Australia’s Karoon Gas plans to speed up evaluating its discoveries in the Santos Basin next year and launch a new stage of investments to the tune of $345 million over the next three years. Based on its balance sheet, Karoon has around $450 million in capital to fund new investments, which will be boosted by plans to sell part of its stake in the project. Karoon also said it could bring forward production at two Brazilian oilfields after local regulator ANP approved the company's revised Santos basin appraisal plan. It will have until the end of 2018 to complete the program for five offshore blocks, which include the Echidna and Kangaroo light oil discoveries.

Oil & Energy Insider

A negative zero-interest rate world
will have profound implications for
us all. One expected bonus, however,
might be that it puts an end to
this paralysing pretend-and-extend
strategy that has dominated the
agenda for far too long


b

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