Good to have you on board Wintermute. KAR is an excellent LT investment (imho) - although if they ever had to actually 'dig up' the O&G I'd change my tune!
Re JORC: the key thing with KAR is that it does have a contingent resource so the wells its drilling are appraisal/production wells rather than the (I'm guessing here) usual small cap wildcat/exploration you've been burnt on before. Not risk free by any means, but we're looking at a contingent resource with a quoted 90% probability of being larger than 3tcf (plus liquids), a 50% chance of being equal or larger than 7tcf and a 10% chance of being 15tcf or more. These are likely to prove conservative and CoP and others seem to be shooting for a figure of closer to 10tcf (plus liquids). Oh and thats just the appetiser - there's also the small matter of South American acreage to be drilled starting perhaps as early as year end..
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Last
$1.90 |
Change
0.010(0.53%) |
Mkt cap ! $1.525B |
Open | High | Low | Value | Volume |
$1.90 | $1.91 | $1.88 | $8.431M | 4.439M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 67618 | $1.89 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.90 | 141847 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5543 | 2.080 |
1 | 24826 | 2.050 |
2 | 4938 | 2.040 |
1 | 321 | 2.030 |
4 | 52719 | 1.990 |
Price($) | Vol. | No. |
---|---|---|
1.765 | 756 | 1 |
1.800 | 12530 | 3 |
1.805 | 101514 | 6 |
1.810 | 8596 | 2 |
1.830 | 5285 | 1 |
Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
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