it seems proven oil reserves are 34 m barrels, which suggest 10 years of production at current rates, which is almost a billion cash flow over 10 years, but why were KAR able to buy for so cheap, even with the contingent amount of $285m, total under $600m?
thanks
brent oil passes 70USD, page-9
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Last
$1.81 |
Change
0.005(0.28%) |
Mkt cap ! $1.450B | |||
| Open | High | Low | Value | Volume |
| $1.82 | $1.84 | $1.78 | $8.370M | 4.605M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 32319 | $1.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.82 | 28653 | 3 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| KAR (ASX) Chart |