March 17 (Reuters) - Karoon Gas Australia Ltd:
* Asx alert-Brazil assets acquisition update-kar.ax
* "Karoon understands that petrobras is continuing with court proceedings to have interim injunction lifted"
* Current status of court proceedings is that karoon filed its legal defence in respect of main court proceedings during february 2017
* Like to clarify TCU decision is separate and distinct from court proceedings on 25 oct 2016 in court of sergipe against petrobras
* "karoon welcomes decision by tcu relating to petrobras' broader divestment process"
* Provide an update with respect to disposal by Petróleo Brasileiro S.A. Of Baúna and Tartaruga Verde fields
* Interim injunction relating specifically to potential sale remains in force, suspending further negotiations between Petrobras and Co Source text for Eikon: Further company coverage: