feature report

Karoon discovers oil in the Bilby-1 exploration well in Brazil   Karoon Gas Australia Ltd (ASX:KAR) has made a second oil discovery in its three well Santos Basin exploration drilling campaign.   Oil is contained within an interbedded sand and shale interval of Maastrichtian age and has been confirmed from sampling of over a 200 metre gross section so far.   The discovery has been confirmed by wireline petrophysical, MDT pressure data, fluid sampling and mudlog analysis. Multiple fluid samples have been...