KAR 1.59% $1.71 karoon energy ltd

Ann: Poseidon-2 Progress Report , page-61

  1. 5,314 Posts.
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    Here's my take for what its worth.

    P2 shows gas, clearly not as good as Kar/Cop expected, but still enough for Kar to reiterate 7tcf P50 as target. (I think they were hoping for serious upgrade post P2)

    So what P2 has done to me is to stop me from becoming filthy stinking rich overnight. However, if, as you might expect, they achieve success at Kronos with good flows, I may have to put up with just being well off instead. Jeez lifes tough.

    Do the sums on 7tcf and 200 million shares and tell me if it adds up to $6.66 or less per share.

    Its been a great ride so far and its not over yet.

    Cheers and luck to all holders.

 
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