ANZ - anything is possible. However, MEO needs a cash rich reserve poor farminee.
KAR has plenty of large prospects in its own licenses so it would appear unlikely to make the large financial commitment MEO requires for Artemis.
On a more interesting note, WPL must be seriously looking at KAR given the environmental sensitivities at Torosa, and the economies of scale.
WPL forking out $3.5B for KAR would land it massive reserves in the Browse, upside in the Santos Basin, but whether Voelte would swallow that is a different story.
Either way, I think KAR will see $20 before it sees $5.
kar contender for artemis farm-in?, page-2
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Last
$1.84 |
Change
0.100(5.75%) |
Mkt cap ! $1.474B | |||
| Open | High | Low | Value | Volume |
| $1.79 | $1.85 | $1.78 | $10.19M | 5.568M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 40861 | $1.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.85 | 25012 | 5 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| KAR (ASX) Chart |