KAR 1.58% $1.87 karoon energy ltd

coming back to racional mode, page-21

  1. 1,664 Posts.
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    what about the possibility of STO wanting to buy into Poseidon ?

    think about it. Proteus / Crown connection, existing JV with COP in Darwin.

    data on Proteus would almost serve as an appraisal well in Crown ( they can confirm sand packages - quite an aggresive step out.

    for $100m for 5% is what an appraisal well would cost, as a JV partner they get full access to data.

    the whole thing is a chess game and who knows where it will end up, but still many more moves to play.
 
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