Don't know if buyback will restart after k2 testing. Looking at past ann, they ceased the day before K2 spud. Once K2 is done and dusted they will move quick smart to KW1 ( you are paying for the rig so no point having it sit around doing nothing ) so there may only be a couple of trading days at most.
Hopefully a 350m plus oil show with good net to gross will kick it hard and we won't need the buyback. Would rather they spend $30m on a sidetrack of a successful appraisal than their own scrip.
IFL Price at posting:
$8.96 Sentiment: None Disclosure: Not Held
KAR Price at posting:
$2.94 Sentiment: Buy Disclosure: Held
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