KAR 0.26% $1.91 karoon energy ltd

One would think the ANP would be happy to see Piracuca being...

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    One would think the ANP would be happy to see Piracuca being brought into production. That is what the bid process was designed to do. Recycle returned acreage and provide additional revenue to govt. so it shouldn’t be the bid price so much as the ongoing royalties and job creation etc.
    Tax incentives available as well.
    Also, We have another decade of technological advancement on our side now.

    I’ve always been a fan of picking up Piracuca.
 
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