KAR 1.27% $1.94 karoon energy ltd

Offtake underway now. its the Second one for the Sept Qtr,...

  1. Ya
    6,809 Posts.
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    Offtake underway now. its the Second one for the Sept Qtr, hopefully they can get the cash in by Sept end.

    Sertanejo Spirit shuttle tanker arrived at 5am AEST (24 Aug'22) at the FPSO.

    Its a first visit for this tanker to Bauna since Nov 2020. It was waved off on the 19th & went to Berbigao field's facility (ie FPSO Petrobras-68), as they were busy planning on moving the Rig from SPS-56 to SPS-92 given the amount of support vessels in the area.

    ANP portal still down, so cant tell the rates from SPS-56 gas lift. Should know tomorrow when they do the FY results Conf. call.

    KAR's Year on year numbers should b better, given the spike in oil prices since Feb this year vs Prior year. ie

    1) Rev of USD 385mil vs 170mil,
    2) Crude Sales of 4.54 mmbbls vs 2.9,
    3) Production of 4.64 mmbbls vs 3.14 mmbbls,
    4) POO of 85/bbl vs 59/bbl

    Details of the Cash on hand, Cost, Depreciation, EBITDA, EBIT, any PBT, NPAT etc should b in the full report when it comes out.
 
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