Valuation can b a dark art, until someone pays real dollars to set some sort of bench mark.
WPL got their bil$'s from MIMI, BHP got their bil$'s frm PTR nxt doors & now COP r following suit at Poseidon. So there should b an average metric out there for citi/JPM's to value KAR's share of the Contingent resource in the Browse.
With drilling of Grace-1 due shortly after Proteus, I'd expect KAR to farmout their 90% in WA-314P. Whether they can rope in PTR or someone else remains 2b seen.
PS: WSJ blog posted an onshore rig photo, priceless!!
dow jones article, page-11
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Last
$1.38 |
Change
0.030(2.22%) |
Mkt cap ! $1.075B | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.39 | $1.34 | $4.466M | 3.266M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15786 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 1601 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| KAR (ASX) Chart |