It's time for some thoughts on drilling in Brazil. The lady president is impeached ....Petrobras is government owned and is broke.....Hmm any opportunity for Karoon here ? .....Our Canadian partners are broke as well and may loose their equity in our wells. Our resource size is not yet confirmed for commercial development.
What if Karoon get a dirt cheap Petrobras producing well near Echidna ? What if our Canadian partners sell off their share to a new private equity company who want more of our share ? Pure speculation on my behalf however I am sure our management team would be working hard along these lines. Or are they ?
Cheers,
J L.
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