The independent may be shopping stakes of up to 15% in Brazil assets and 10% in Australia assets with a data room reportedly open for both properties, Dow Jones reported citing unnamed sources with knowledge of the situation.
Citing a Macquarie report, the news wire suggested the two sales could fetch over $500 million and help fund financial obligations.
Karoon recently wrapped up a three-well programme in Brazil's Santos basin that boasted two oil discoveries at its Kangaroo-1 and Bilby-1 wells, with further drilling planned.
Canada's
