naughty swan..take 2

I agree with your basic premise Dr.....

I think Socksa makes a valid point IMO that there are plenty of big boys who have filled up and will no doubt make a lot of money at $10 a share and happily move onto the next biggest game in Town.

Look at Number 1 and Number 2 shareholders Janus Capital and Wellington ( or are they 2 and 3 who cares) they are having a ball churning through the stock and i would bet they are averaging around 6 a share for thier holdings....

As for assets your 100% right we are huge... here is a snippet from an Investor briefing held this week...can't quite understand where SOCKSA is coming from there.

"Karoon expects to select a new joint venture partner from a short list of TEN LARGE energy companies with strong operating experience (there is strong industry interest). If these activities all go to plan drilling could possibly begin by November. " ........ Just a lazy 10 big boys with a tad of interest hehe!!

I can confidently suggest to SOCKSA that KAROON forked out go away to the Merchant Bankers... no doubt they would have bought into the float but at a lower price than KAR wanted ( called protecting sharholders IMO) but you can argue if it was great they would have paid the price too i agree. But the Financial World was going though another horror patch...so as in life..timing is everything..

And about the BROWSE ..."The first well is expected to be drilled in WA-315-P in an adjacent fault block to Poseidon-1. In my view this should be a relatively low risk well. "

Relatively LOW RISK WELL.......in O & G Terms this is incredibly positive....

And i leave you with the final point...."Karoon is our top Australian energy sector alpha pick..."

Mine too but don't think anone cares about the Swan....

The other thing SOCKSA forgets is that when we hit 12 and he correctly states ' we have since diluted" KAR ...didn't have a recognised world class asset in BRAZIL at that time either did we????

So i think the dilution point is irrelevant....BRAZIL will make the BROWSE look like a postage stamp ....

Choc full of that thing called OIL. Readily accessible..

In the meantime we just have to watch this garbage we call trading until the MESSIAH has an affair with JOOOLLLIAAA to get the approval or we sign up with one of those 10 majors sniffing around our shleves...

Still love the 3 freeby shelves we got from PBL in the SANTOS basin..did i mention that ???

I forget who asked the technical advisors on here as to why we are drilling where we are in BRAZIL next..

"The information from Maruja-2 should help FIRM UP INITIAL field reserve estimate. We assume Maruja has up to around 50 mmbbls gross potential. Maruja has potential to be developed as part of a hub concept with the 100% Petrobras owned Tiro and Sidon oil field discoveries."

Is there an interesting aside as to my oft posed question ...why did we get the freebies..? ..Perhaps the answer lies above ... ' developed as part of a hub concept with the 100% owned Tiro and Sidon Oil field.."

MMM Swan is not drawing too long a bow now is he ...freebies came from ? ...develop hub concept owned 100% by ????

Aint joining the dots fun...

A bored SWAN sick of KAR's trading pattern..

Enjoy or otherwise my musings......

Good point re MEO too Dr...although i feel sorry for holders and i was one..