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."
I believe they miscalculated on the value in the article. At 1...
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Last
$1.48 |
Change
0.040(2.78%) |
Mkt cap ! $1.187B | |||
| Open | High | Low | Value | Volume |
| $1.48 | $1.50 | $1.43 | $9.575M | 6.503M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 32083 | $1.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.49 | 9716 | 1 |
View Market Depth
| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| KAR (ASX) Chart |