example of misguiding from citi

I glue this text to show how are absolutely not responsible this brokers over their own statements..

Somebody must contact CITI and inform

Kangoroo was successful
Inform that was HIGHLY succesfull
Inform after arrved a conclusion is successfull new investigation show much more succesfull than initially thought
Inform as per result of this success BILBY is now much more chances to also be successful..

The only downgrade should be applied to the low quality of this broker coverage.

Copy of the text extract from FN ARENA


Target $5.90 (was $6.99). The broker notes both the Kangaroo-1 and Emu-1 exploration wells have failed to find oil in the Campanian sands in Brazil. This tells Citi that the probability of success at Bilby-1 has now reduced, but we won't know for sure until late May.

What that all really means is that Karoon isn't having the best of luck in Brazil, which leads Citi to downgrade its risked Brazil resource estimate and its Brazil valuation. The high risk Neutral call is maintained, with the broker still expecting to see some farmdowns down the road to cover exploration and development costs.


Cato