A healthy reminder for the market that, Karoon as much as it is now a producer of oil and gas with strong free cash flow at its two producing assets in Brazil and Who Dat, is also very much still an exploration company with material upside in its reserves coming from the current 3-well drilling campaign in the Gulf of Mexico. Who Dat East was successful and fingers crossed there will be good news shortly on Who Dat South, then Who Dat West in Q424. More exploration at Neon in Brazil to come in 2025.
This Karoon exploration history is what created value in the company in the first place, with successful drilling in the offshore Browse Basin (sold to Origin), then exploration with farm-ins in Brazil, prior to becoming a producer with the acquisition of Bauna.
The high ROE exploration value is something the market seems to have forgotten of late and is certainly not reflected in the current share price .
A healthy reminder for the market that, Karoon as much as it is...
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Last
$1.38 |
Change
0.030(2.22%) |
Mkt cap ! $1.075B | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.39 | $1.34 | $4.466M | 3.266M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15786 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 1601 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| KAR (ASX) Chart |