Does that mean that Petrobras will share the downside. If the oilprce do not go above $65-70, Karoon Energy will not have to pay the extra. If Karoon energy is given on the same terms; original $650 mil down to $300 mil plus $50 mil deposit. $200 mil would have been paid off since Jan 2019. So Karoon just need to come up with $100 mil payment. The contingency will be $300 mil to be paid when oil price reach $65-70. That would be a good win for Karoon. Producing asset (cash flow positive at $20 oil price)+ $350 mil in cash. And no debt. Wow!
Does that mean that Petrobras will share the downside. If the...
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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 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| KAR (ASX) Chart |