KAR 2.81% $1.83 karoon energy ltd

Enauta Atlanta buy in.

  1. 183 Posts.
    lightbulb Created with Sketch. 6
    Hi all
    Should be some news about Atlanta within a month so I thought it opportune to look at the possibilities.
    Here is were things stand
    https://brazilenergyinsight.com/2021/09/02/enauta-may-be-closer-to-being-able-to-bring-two-new-partners-to-the-atlanta-project/

    Here is the Enauta 2Q21 earnings release
    https://api.mziq.com/mzfilemanager/v2/d/58581687-ef6b-4185-99f8-7189e4d08a71/f2b1de94-70f6-1faa-a1e8-11079a9ddfb0?origin=1

    Note the following from report above.

    2Q 2020 production (100% basis) was 25.2 kbld (p5) and lifting costs were $US15.3/bl at this production rate (p6). Also note their "Shell" sales deal.

    SALES
    All the Atlanta oil is purchased by Shell, through a Crude Oil Sales Agreement (COSA), with a
    netback price FOB agreement i.e., with all logistics costs already included. On April 29, 2021,
    Enauta and Shell signed a new oil sales agreement effective May 1, 2021 and ending at year
    end 2022, that provides for a fixed discount of less than USD 1 per barrel in relation to Brent.
    The Field is renowned for the quality of its oil which is in high demand, and sought by multiple
    international clients, particularly Singapore in the second quarter. Its premium quality and
    low sulfur content make this type of oil highly sought after as bunker and fuel oil for power
    (p6)
    Some nice metrics there and all sorts of possibilities with cross ownership arrangements.
    Personally (no special knowledge) I see us offering say 20% to 40% of Bauna as part of any buy in
    and an in principal agreement to co-develop Neon.
    Exciting times ahead!
 
watchlist Created with Sketch. Add KAR (ASX) to my watchlist
(20min delay)
Last
$1.83
Change
0.050(2.81%)
Mkt cap ! $1.466B
Open High Low Value Volume
$1.80 $1.84 $1.79 $8.392M 4.606M

Buyers (Bids)

No. Vol. Price($)
2 6282 $1.83
 

Sellers (Offers)

Price($) Vol. No.
$1.83 79500 3
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
KAR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.