KAR 0.29% $1.73 karoon energy ltd

Ann: TY23 ASX Release & Investor Presentation, page-2

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    Good result. Thesis: This pays dividends starting at the Half-year with $US03c if:

    1) Production doesn't get downgraded (subject to Bauna fix & scheduled maintenance not taking more than 4-6 weeks)
    2) Oil price remains above $70USD
    3) Who Dat Capex can be funded from Who Dat cashflows (this one might end up being key)
    4) No further M&A until CY25 (this also a risk, but considering price performance since recent acquisition, may be some hesitance here)

    The cash position at March 31 & then June 30 will be fascinating.
 
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