PERTH, Feb 2 - Australian oil and gas explorer Karoon Gas Ltd (KAR.AX) requested a trading halt of its shares on Tuesday pending an announcement on drilling results on its Browse acreage of west Australia, the company said.
Shares in Karoon, a partner with U.S. major ConocoPhillips (COP.N) in a drilling programme, have dropped in recent weeks amid worries that the size of its Poseidon gas field would be smaller than expected and foil its hopes of building a gas export project.
Shares in Karoon, a partner with U.S. major ConocoPhillips (COP.N) in a drilling programme, have dropped in recent weeks amid worries that the size of its Poseidon gas field would be smaller than expected and foil its hopes of building a gas export project.
