re: Ann: March 2014 Quarterly Report and Appe... Key takeout:
'Specifically relating to exploration permits WA-315-P and WA-398-P farm-out processes, current negotiations are progressing with global energy players focused on their ability to secure a higher equity interest, up to 30%. This differs from Karoon’s previously indicated target range of 5-10%.'
KAR would end up with a nice wad of cash in that case.
Although you could read the 'current negotiations' as implying that they are a long way from finalised..
Interesting that no specific mention of Santos basin negotiations.....
Cash down to 64.75m. That ~100m cavalierly spent on Grace is going to make things v tight.
Ann: March 2014 Quarterly Report and Appendix 5B , page-2
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