KAR 1.72% $1.48 karoon energy ltd

Spending $85mil for a 2 duster wells in Brazil is not a good way...

  1. 9,595 Posts.
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    Spending $85mil for a 2 duster wells in Brazil is not a good way to grow organically..

    They could start looking for fired sale production assets in the US atm. Take their time as plenty will come on the market over the next few months...

    Here are a few bankruptcies US oils with assets for sale :

    http://www.*.com.au/quicksilver-energy-files-for-bankruptcy-2015-3
 
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