AUSTRALIA

Karoon's cash windfall options

KAROON Gas, which landed a $US800 million deal to sell 40% stakes of two Poseidon discovery-hosting blocks to Origin Energy last month, is considering share buybacks of up to 20% of its issued capital, according to recent press speculation.

Blair Price

"It is understood Karoon is preparing to detail two buybacks, each worth 10% of the company's shares on issue," the Australian Financial Review's Street Talk column claimed. "The second buyback is to...

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