OK key points.. nice pressie - should help price:
1. Ongoing Echidna development target breakeven oil price ~ $40/bbl, down from ~US$60/bbl
2. On the brazil bid success ... no capital raise noted. Cash, Staged payments, Production cashflows, debt & partners.
3. Implications. Large post-sale reserves @ Tartaruga.
4. Baunasynergies with KAR’ Santos basin assets 40 kilometres away
5. Profitable production with a low breakeven price
6. Turns KAR into well placed long term financially sound company with pipeline of E&P projects
7. Farmed‐out 35% of Brazil Santos Basin acreage to PRE in 2013, for US$250m in cash and carry. Opportunistic re‐purchase of PRE’s interest in Sept 2016 for US$20.5m, approximating US 50c/bblof 2C resource.
8.US$200 million of contingentmilestone cash receivables remain outstanding
LOVE IT.
PB
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Last
$1.70 |
Change
-0.015(0.88%) |
Mkt cap ! $1.361B |
Open | High | Low | Value | Volume |
$1.70 | $1.70 | $1.67 | $6.485M | 3.843M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5782 | $1.69 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.70 | 1499 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5782 | 1.690 |
1 | 5782 | 1.685 |
5 | 44592 | 1.680 |
1 | 5782 | 1.675 |
6 | 24231 | 1.670 |
Price($) | Vol. | No. |
---|---|---|
1.700 | 9782 | 2 |
1.705 | 5782 | 1 |
1.710 | 20782 | 2 |
1.715 | 5782 | 1 |
1.720 | 8782 | 2 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
KAR (ASX) Chart |
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