Forgive me is i can't stop pissing myself from laughter....wasn't this the ver same bastion of integrity that said 2 weeks ago that KAR had tapped the makrets to the tune of 200 million dollars...or was that a differnet AFR?
Now Petro china are circling - well that confirms to me 1000 times over they have 0 interest.
CoP - the same - they will welcome a new player for development. OR CoP will use their pre emptive rights.
Who i their right mind would sell an asset of 2 TCF plus condensate for 300 million ?
I would personlly go down and burn Mrt Marth's HO - he would simply do the CR for 200 and hang on to prove the asset furhter - take his 200 million find some Oil in Brazil and worry about the next step for Browse later.
If i could be bothered i'd find a picture of a dartboard and have the AFR journo's - all very great mne - just kee throwing a dart.
Why not try WPL, Repsol BHP Chevron , Santos - few more names for next week for the luminaries.
FFS sell it for 300 million -
The AFR is usually on the money ----- cracker there are now 2 more players scrubbed out Petro and Conoco
KAR Price at posting:
$2.46 Sentiment: None Disclosure: Held
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