The only problem here now is will KAR find a partner to share the burden.
100% of a field with break even prices of say US$55 POO.
They still need to appraise Echidna with at least 2 wells.
Kangaroo area might be in the too hard basket.
Bilby definitely in the too hard basket.
I don't think they will drill until they find a partner.
When that will be is anyone's guess.
They can sit around for years doing absolutely nothing waiting on POO to recover.
I mean what else can they do except buy into some prospective acreage somewhere.
CVN are a minnow yet that's what they are doing in anticipation of rising oil prices.
Cant understand why KAR are sitting on their hands.
Ann: Karoon Acquires Pacific's Interest in Santos Basin Blocks,STO-KAR.AX, page-20
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Last
$1.92 |
Change
0.090(4.92%) |
Mkt cap ! $1.539B | |||
| Open | High | Low | Value | Volume |
| $1.86 | $1.92 | $1.85 | $18.66M | 9.832M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 11055 | $1.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.92 | 144289 | 16 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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