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Karoon Petróleo & Gás Ltda

Company Summary

Description

Karoon Petróleo & Gás Ltda. operates as a petroleum exploration company primarily in South America. The company holds a 100% interest in 5 exploration blocks in the Santos Basin in Brazil. It also owns interest in various onshore and offshore exploration blocks in the Tumbes and Marañón Basins in Peru. Karoon Petróleo & Gás Ltda. is based in Rio de Janeiro, Brazil.

Website

http://www.bloomberg.com/research/stocks/private/s...

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Recent news

  • 9/28/2016 - Pacific Agrees to Sell... (subscriber access)

Company Transactions

Date: 9/28/2016
Type: Acquisition

BUYERS:
  • Karoon Gas Australia Ltd
  • Karoon Petróleo & Gás Ltda
    • SELLERS:
  • Frontera Energy ( Formerly Pacific E&P Corp)
    • DETAILS:

    COST: 15.5 $MM

    NOTES:
    Pacific sells 15% Working Interest Karoon blocks in offshore Brazil for $15.5 million. In addition, the Company may receive a subsequent payment of $5 Million on commercial production reaching 1 Million barrels of oil.
    REGIONS:
  • South America