The Australian company’s shares will be suspended for two days, a statement from the Australian Securities Exchange has confirmed.
Karoon announced yesterday it had received independent reports from DeGolyer and MacNaughton regarding its resources in the Browse, Carnarvon, Tumbes and Maranon basins.
In the Browse basin, best estimate prospective resources have clocked in at 4.5 trillion cubic feet of wet gas and 185 million barrels of oil.
In
