KAR 0.88% $1.70 karoon energy ltd

Big Oil on corse for near record $53bn in share buybacks.(AFR), page-8

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    I'm hoping they provide details on the control well for Neon. If they can include that well in the current Bauna / Patola development drilling, then it should give them plenty of extra info to get to FID for Neon and can then get on with building towards the Neon development.

    Its going to be interesting what their plans for the cash generation will be from 2023 onwards, as once Bauna / Patola are completed, the next capital intensive project will be Neon, which probably won't begin development until late 2024 / early 2025.

 
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