To my mind, Karoon needed to pick up an asset with an income stream. Bauna sud was the right size, somewhere around an affordable price and financing range, good income stream and return on investment, strategically close by. Would have been a game changer for Kar.
Piracucca is marginal, unlikely to be developed, which means it should be cheap as chips. The only advantage might be down the track as a bolt on if Echidna gets up. Kar.. IMO... need all their cash and do not want to be buying another field at this time ( unless it suddenly makes Echidna viable). So it seems to me that scenario,( if even in the mix ), will be determined at the end of the coming drilling campaign
Ann: June 2016 Quarterly Report and Appendix 5B-KAR.AX, page-7
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Last
$1.49 |
Change
-0.038(2.46%) |
Mkt cap ! $1.176B | |||
| Open | High | Low | Value | Volume |
| $1.56 | $1.56 | $1.49 | $6.153M | 4.066M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 178031 | $1.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.49 | 7870 | 6 |
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