KAR 4.92% $1.92 karoon energy ltd

Ann: Karoon Acquires Pacific's Interest in Santos Basin Blocks,STO-KAR.AX, page-3

  1. 3,053 Posts.
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    couldn't find another buyer? looks like KAR are going to have to fund the whole thing themselves.

    so they've paid about A$20m for 35% of the santos basin, so a look through value of ~58m, whilst it leaves them with $460m of cash, a massive funding commitment and Rob, Tim and Scott hosking taking home $2.3m a year.

    I can't for the life of me understand why shareholders don't tip them out and take back their cash. That's still worth nearly $2/share!
 
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