I think we are very very close to a deal.
I’ve talked about it before but I think once we hit 2.90-$3 we launch for shells Gulf of Mexico assets - $1.5bn.
50k a day of production. https://www.hartenergy.com/exclusives/shell-conocophillips-us-gulf-mexico-assets-reportedly-sale-201258
I think karoon structures this with 500m debt, 500m rights issue and payment to shell / in instalments.
This is just going to explode the stock to have approx 80k barrels a day / close to $3bn Revenue.
I would keep money on side to go into rights issue but ultimately this could double on the deal.
all speculation but I think we are closer than ever.
PB
I think we are very very close to a deal. I’ve talked about it...
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Change
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Mkt cap ! $1.490B | |||
| Open | High | Low | Value | Volume |
| $1.86 | $1.87 | $1.85 | $1.019M | 549K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 47 | 154911 | $1.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $1.86 | 42017 | 18 |
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| Last trade - 10.19am 17/05/2024 (20 minute delay) ? |
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$1.86 |
Change
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| Open | High | Low | Volume | ||
| $1.86 | $1.87 | $1.85 | 210651 | ||
| Last updated 10.40am 17/05/2024 ? | |||||
| KAR (ASX) Chart |