KAR 0.52% $1.91 karoon energy ltd

From memory Bilby was a potentially much bigger field, but heavy...

  1. 12,701 Posts.
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    From memory Bilby was a potentially much bigger field, but heavy oil, but your right this is Bob’s String of Pearls strategy.

    Great result from The first Patola well today… it’s a shame we are not sitting close to $3.00. Looking good for second well before end of month.

    Brent @ $78 whilst still good is not what we are used to now, seems very low. Karoons own numbers are based on future poo being at these lower numbers.

    I don’t believe there is any seismic over Clorita.

    Piracucca would be my choice to start…..it’s already drilled and was initially declared commercial . As a stand-alone it doesn’t add up, but with a tie back?
    Make an offer Karoon.! No one else will want it.
    Last edited by stevo: 15/03/23
 
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