No it is one of their best asset. However it is small and it is towards the end of the life (6-7 years left). They wanted to concentrate on larger project. Plus they also had a lot of debt they needed to reduce quickly. I suspect in this environment, you would want to be a bit more conservative in gearing going forward.
However, it is a perfect project for Karoon's size. They could start generating income and use the expertise in Bauna to develop their other projects. So I suspect it is a win-win for both. But I think there is more urgency for Petrobras.
No it is one of their best asset. However it is small and it is...
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Last
$1.93 |
Change
0.030(1.58%) |
Mkt cap ! $1.418B | |||
| Open | High | Low | Value | Volume |
| $1.91 | $1.95 | $1.87 | $12.28M | 6.398M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 41883 | $1.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.93 | 8998 | 1 |
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| Last trade - 16.10pm 08/07/2025 (20 minute delay) ? |
| KAR (ASX) Chart |