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$1.91 karoon energy ltd

Fantastic growth strategy by management for management.Squat...

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socksa

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133

05/04/22

15:02

Post #: 60662377
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Originally posted by crazyrichasian: ↑

I don't think it is coincidental that after the announcement of the possible acquisition, Karoon decided to drill Neon. Enauta really wanted a partner to share the risk. Karoon wanted a parter in Neon to share the risk. I agree that a swap for Bauna and/or Neon is on the card. It could be 50 per cent of Atlanta for 50 per cent of Neon/Goia, plus some compensation. It will be a win/win for both as they share the risk and development cost. And Karoon will end up with 3 fields. So for Karoon, this is what we can look forward to if everything falls into line: 2023 Patola intervention that raise production to 30,000 barrels of oil. The production profit will be able to fund the development cost of Atlanta. 2024. Atlanta field in production that will give Karoon 25,000 barrels of oil. The production profit of Bauna/Atlanta will give Karoon the funds to develop Neon. 2026 Neon/Goia in production that would give 15,000 barrels of oil.

2023: 30,000 bopd
2024: 55,000 bopd
2026 70,000 bopd

I think this is a clever growth strategy by management.

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Fantastic growth strategy by management for management.

Squat Didely for the shareholders for at least 5 years, but then again there never has been, so why change it now.

KAR Price at posting: $2.21 Sentiment: None Disclosure: Held
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Last $1.91		Change 0.000(0.00%)		Mkt cap ! $1.526B

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1	3627	2.000
1	4312	1.995
3	11983	1.965
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1.845	171	3
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1.875	310	1
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