UPDATE 1-Karoon Gas detects background gas at Kronos-1
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SYDNEY, April 19 (Reuters) - Australia's Karoon Gas Ltd (KAR.AX) has detected an increase in background gas at its Kronos-1 well off northwest Australia and has plugged it, ahead of further exploration work, the company said on Monday.
Karoon-1 was drilled in a field owned 40 percent by Karoon Gas and 60 percent by ConocoPhillips (COP.N). It lies close to a major gas field held by Woodside Petroleum (WPL.AX).