KAR 2.84% $1.88 karoon energy ltd

Big news overnight, Bauna deal terms very likely to be revised, page-6

  1. 132 Posts.
    lightbulb Created with Sketch. 28
    If Karoon could get an amended terms, Karoon might be lucky twice. They sold Poseidon for $600 mil before oil price crash. Now they have bought a field, but not completed until the oil price crashed and this gives them more room for negotiation. I am not sure we could give credit to management, it may be just plain luck.
 
watchlist Created with Sketch. Add KAR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.