KAR 0.30% $1.68 karoon energy ltd

M&A - my guess

  1. 1,162 Posts.
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    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
 
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