Soksa, I don't know why you want to try and turn this into bad news. Even if they don't drill ahead, but I believe they are, it says "there are also good gas shows in the Miocene layers". So what we already have is oil discovered in two different layers. Total over 350 meters total worth.
As far as the cash raising,it's entirely possible they can sell oil, which comes to market quicker to raise the cash. Or in any event the de-risked value of KAR has just gone up significantly. Much more than the 70+ cents currently reflected on Friday.
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Last
$1.94 |
Change
-0.030(1.53%) |
Mkt cap ! $1.418B | |||
| Open | High | Low | Value | Volume |
| $1.97 | $1.99 | $1.93 | $5.302M | 2.728M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4900 | $1.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.94 | 12081 | 1 |
View Market Depth
| Last trade - 16.16pm 22/07/2025 (20 minute delay) ? |
| KAR (ASX) Chart |