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
Add KAR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.90 |
Change
0.060(3.27%) |
Mkt cap ! $1.518B | |||
| Open | High | Low | Value | Volume |
| $1.86 | $1.92 | $1.85 | $14.11M | 7.466M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 103839 | $1.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.91 | 50033 | 4 |
View Market Depth
| Last trade - 16.10pm 20/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.90 |
Change
0.060 ( 3.44 %) |
||||
| Open | High | Low | Volume | ||
| $1.86 | $1.92 | $1.85 | 2081807 | ||
| Last updated 15.59pm 20/05/2024 ? | |||||
| KAR (ASX) Chart |