KAR 2.22% $1.38 karoon energy ltd

Jimmyoz,My take on Grace, for what it is worth,, is that we will...

  1. 813 Posts.
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    Jimmyoz,

    My take on Grace, for what it is worth,, is that we will have a report out on Friday however it will be ongoing and inconclusive.

    With the rig booked for the Santos Basin in Brazil and long lead items ordered i expect we will be hearing news sooner than later.

    Peru could be much later in the year. I have no idea on the Browse sell down, until the potential buyer knows what he is getting.
    Its a big pity that no one really knows what the reserves are at the moment. Perhaps Posiedon North will tell.

    Once we have some more clarity on these matters in particular the JV's the selling price will improve.

    Cheers,

    J L .



 
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