Excellent quarterly. Management are executing as planned.
1. Record revenues in a strong oil price market. Q122 should see another $10/bbl on average prices.
2. Production healthy and sustaining >13k bbls/day within cost guidance range.
3. Bauna work over on target and and can expect results within 1H22 .
4. Patola expansion likewise on target for Q3 & Q422.
5. Looks like news on Neon is imminent too that will provide more certainty into 2023.
2022 will be an exciting one for Karoon as it ramps up to 30,000 bbls per day. IMO it is still one of the cheapest and most exciting value plays on the ASX, with plenty of growth to look forward to in coming years.
Ann: December 2021 Quarterly Report and Appendix 5B, page-4
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Last
$1.38 |
Change
0.030(2.22%) |
Mkt cap ! $1.075B | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.39 | $1.34 | $4.466M | 3.266M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15786 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 1601 | 2 |
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| KAR (ASX) Chart |