Karoon Gas Australia detected five separate oil-bearing zones at its Kangaroo-2 well, offshore Brazil in the Santos basin. Pay zones were encountered in Paleocene- and Maastrichtian-aged formations, each with a separate oil/water contact. The gross oil column totals 250 m with no gas cap. Karoon will conduct wireline logging and drill a possible sidetrack for coring, depending on log results. Karoon (65%) is operator of block S-M-1165 with partner Pacific Rubiales (35%).