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Karoon Energy Ltd (OTCMKTS:KRNGF – Get Free Report) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 695,400 shares, a decrease of 18.6% from the April 30th total of 853,900 shares. Based on an average daily volume of 9,600 shares, […]
Oil company LLOG has started drilling the Who Dat East exploration/appraisal well in U.S. Gulf of Mexico, using Noble Corporation’s…
Sandon wrote to chairman Peter Botten on Wednesday arguing that Karoon’s incentive structure had insufficient regard for shareholder value.
The aim of the well is to appraise a gas/condensate discovery made in 2001 and test a number of additional potential reservoir targets.
Fund managers are betting on a fresh batch of copper, gold and oil producers to help lift their returns following a challenging period for commodity investors.