Any chance of Total swooping for KARs 40% once we prove up 7-10Tcf? A $2-3 billion cheque would fund whatever they discover in SA into production.
Article below taken from SMH: http://www.smh.com.au/business/world-business/frances-total-scours-australia-for-acquisitions-20120116-1q220.html
France's Total scours Australia for acquisitions January 16, 2012 - 11:07AM
Read later.Cashed-up French energy giant Total is scouring Australia for acquisition opportunities as part of an aggressive expansion of its gas strategy, a report says.
It follows an announcement on Friday that Total will join with Japanese oil and gas producer Inpex to invest in the $34 billion Ichthys LNG gas project off northern Australia.
Inpex will take a 72.8 per cent stake while Total will hold 24 per cent.
Advertisement: Story continues below "There is no limitation for Total to invest more in Australia," the company's senior vice-president for exploration and production in Asia, Jean-Marie Guillermou, told the Australian Financial Review.
"Australia is a core asset and is part of our future. If tomorrow we have the opportunity to find another Ichthys, we have the money to invest and develop it alone."
Guillermou said acquisitions could involve individual assets in gas, including shale gas, or takeovers, with the company expecting to spend up to $14 billion in Australia over the next five years.
Reuters
Read more: http://www.smh.com.au/business/world-business/frances-total-scours-australia-for-acquisitions-20120116-1q220.html#ixzz1jaBi8HAD
- Forums
- ASX - By Stock
- could total be interested in kar's browse?
Any chance of Total swooping for KARs 40% once we prove up...
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
NEWS
First paediatric clinical site activated – major recruitment milestone and key appointment announced
NEWS
Exceptional lithium assays uncovered at Falcon Lake – expanding mineralisation, big potential ahead
Add KAR (ASX) to my watchlist
|
|||||
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. |
---|---|---|
$1.49 | 9716 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 32083 | 1.480 |
6 | 128054 | 1.475 |
4 | 75261 | 1.470 |
3 | 94173 | 1.465 |
3 | 100450 | 1.460 |
Price($) | Vol. | No. |
---|---|---|
1.490 | 9716 | 1 |
1.495 | 46326 | 4 |
1.500 | 98566 | 5 |
1.505 | 76363 | 4 |
1.510 | 63305 | 2 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
Featured News
KAR (ASX) Chart |