KAR 3.43% $1.81 karoon energy ltd

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  1. 12,390 Posts.
    Stevo there's not much tat in here, only a tit occasionally

    I suspect UBS has got it spot on -
    "Results in Kangaroo to date indicate the field contains more oil than expected, but reservoir complexity means that more appraisal will be needed before the commerciality box can be ticked."

    That's the risk everybody is taking at the moment, will it be commercial as a stand alone. Kw was the saviour, but didn't show up. Now it's up to Echidna. We still don't have an asset in Brazil.
    That's the reality of it.
 
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