I would add that Karoon is net cash to the tune of $200m at the moment. So even with the upcoming CAPEX on Bauna and Patola, after paying the $78m contingency payment in Q123, & adding the 2022 CY cashflow, the company will be debt free and gushing 30,000 bbls/ day from Q422, at a production cost of close to $20/bbl.
@$95/ bbl, that’s US$67.5m/ month or US$810m pa = A$2.05/ share per annum.
It’s ridiculously cheap, so will not stay this way forever. If nothing else the company could buy back every share on the register at A$2/share within 12 months.
Exciting times for Karoon shareholders.
Brent 90usd, page-22
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Last
$1.69 |
Change
-0.005(0.29%) |
Mkt cap ! $1.358B | |||
| Open | High | Low | Value | Volume |
| $1.70 | $1.71 | $1.69 | $628.0K | 369.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 2697 | $1.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $1.70 | 72649 | 23 |
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| Last trade - 10.32am 13/06/2024 (20 minute delay) ? |
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Last
$1.70 |
Change
-0.005 ( 0.34 %) |
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| Open | High | Low | Volume | ||
| $1.70 | $1.71 | $1.69 | 223824 | ||
| Last updated 10.52am 13/06/2024 ? | |||||
| KAR (ASX) Chart |