KAR 1.18% $1.72 karoon energy ltd

First Oil and 2P Reserves - When ?

  1. 228 Posts.
    My research for companies with exposure to South America brought me to Karoon. I see that KAR has significant exposure to Peru and Brazil. So I will appreciate it much if a more knowledgeable investor than me answers my questions below:

    - When is the first oil expected from Santos Basin? (rough estimate)

    - When will KAR get its first oil from its other Basins (excluding Santos Basin) ? (rough estimate)

    - When will KAR convert its contingent and prospective resources into 2P reserves? (rough estimate)


    Disclosure: Long Petroamerica Oil (PTA) at C$0.40 that drills in Colombia, thanks to a "Top Idea" article from "Value Digger" author from SeekingAlpha, who also recommended Lonestar Resources (LNR.AX) at A$0.32 in early June.


    http://seekingalpha.com/article/244...e-market-buy-petroamerica-oil-with-both-hands
    Last edited by sirkiteman: 30/08/14
 
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