I believe they miscalculated on the value in the article. At 1 billion barrels of oil in SA it makes KAR worth a lot more than $1.6 billion dollars. A lot more. And that does not include the Browse or the new block we just got.
"Karoon may be sitting on almost 1 billion barrels of oil. Together with fields in Peru, these untapped South American assets alone are worth $1.6 billion, 35 percent more than Karoon’s market value yesterday, said Macquarie Group Ltd. No peer in the developed Asia-Pacific region is projected to gain value faster."
bloomberg news today takeover speculation kar, page-13
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Last
$1.40 |
Change
0.015(1.09%) |
Mkt cap ! $1.087B | |||
| Open | High | Low | Value | Volume |
| $1.36 | $1.40 | $1.36 | $5.052M | 3.671M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 279 | $1.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 45671 | 6 |
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| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| KAR (ASX) Chart |