Karoon Gas on trading halt pending drilling results
PERTH, April 19
PERTH, April 19 (Reuters) - Shares of Australian oil and gas explorer Karoon Gas Ltd (KAR.AX) were placed on trading halt on Monday pending an update of the firm's drilling results, the company said in a statement.
Karoon is a partner with U.S. major ConocoPhillips (COP.N) in a drilling campaign off Western Australia. Its shares have fluctuated wildly in recent months amid uncertainty over the size of its Poseidon gas field, which Karoon hopes would be large enough to support a liquefied natural gas export project. (Reporting by Fayen Wong; editing by Balazs Koranyi)
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.