KAR 1.98% $1.80 karoon energy ltd

I like the bit in the Citi report about a resource update for...

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    I like the bit in the Citi report about a resource update for 'Greater Kangaroo' in ~3 months.
    Not sure I understood the mix of unrisked and risked in their valuation - would need to see the report to ascertain whether their 'unrisked' price is really that. But $1.44 for Echidna or presumably $1.92 'unrisked' (~470m AuD ~ USD 375m or I presume about 115mmbbl resource share to KAR @ $USD5/bbl). So they are expecting over 2P too?
    Last edited by commodorecontrarian: 07/05/15
 
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