Finished on its lows for the day after the spudding announcement.
Grace was a have to drill well to retain the permit and so far no joy in that area.
With no news on the horizon soon according to the ones in the know and having broken its last support level, this is heading to close this gap, no one believes will happen.
Grace is a fair way away from the main Poseidon gas field hence the perceived non interest from buyers.
What will be a catalyst to stop that gap closing?
Farm outs?....possibly but will only top up cash from outgoing costs and the ones in the know say that's not happening soon either.
Its a tough gig oil and gas exploration but if KAR tests the sub $4 lows then i'm in.
grace spudded, page-19
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Last
$1.38 |
Change
-0.025(1.79%) |
Mkt cap ! $1.071B | |||
| Open | High | Low | Value | Volume |
| $1.38 | $1.40 | $1.37 | $3.804M | 2.757M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 38853 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 16869 | 1 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| KAR (ASX) Chart |