Spot on swanny. Just read through Bobs AGM address (I haven't as yet had the opportunity to attend) and he does flag the pre salt being 'drilled later in the program' after the 3 required wells. It also doesn't specifically say that the D&M report would include the presalt. Although they could have spelt this out better either way - its always nice when management communicate clearly with SH! It would be nice if KAR could somehow retain operatorship and get a promote on 4 or 5 wells (instead of just the 3 post salt). Otherwise the farmin partner will get a lot of bbl upside for free..
research - price target $9.18 - baillieu, page-30
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$1.44 |
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| Open | High | Low | Value | Volume |
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