KAR 2.17% $1.65 karoon energy ltd

Ann: Santos Basin Brazil Revised Appraisal Plan Approved, page-9

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  1. 1,694 Posts.
    lightbulb Created with Sketch. 15
    Yep very disappointment that KAR decided to change its USD into AuD last FY when the dollar was very strong. Why? Given rigs are paid for in USD they didn't need to do this and all the macro evidence was that the AuD was more likely to fall than rise. Stupidity in the order of magnitude equal to several Grace's right there.
 
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