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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Good to have you on board Wintermute. KAR is an excellent LT...
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Last
$1.90 |
Change
0.013(0.66%) |
Mkt cap ! $1.525B |
Open | High | Low | Value | Volume |
$1.90 | $1.91 | $1.88 | $3.665M | 1.930M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
50 | 79234 | $1.90 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.91 | 122112 | 45 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
51 | 83063 | 1.900 |
22 | 141199 | 1.895 |
21 | 192356 | 1.890 |
11 | 66095 | 1.885 |
11 | 52903 | 1.880 |
Price($) | Vol. | No. |
---|---|---|
1.905 | 121928 | 45 |
1.910 | 118854 | 26 |
1.915 | 142549 | 18 |
1.920 | 279648 | 19 |
1.925 | 117807 | 12 |
Last trade - 13.52pm 16/07/2024 (20 minute delay) ? |
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