"In addition, production from high-rate gas wells has been curtailed toprioritise oil production in the current low gas price environment, with the US Henry Hub gas price at its lowestlevel in more than 25 years. In the March 2024 quarter, oil, condensate and NGLs comprised 68% of production,compared to approximately 60% anticipated."
The quote is from their March 2024 quarter report.
Who Dat operators have proactively reduced exposure to gas. Since the decision to prioritise oil over gas was announced, oil down and gas up.
#facepalm
KAR - Chart, page-223
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Last
$1.80 |
Change
-0.005(0.28%) |
Mkt cap ! $1.438B | |||
| Open | High | Low | Value | Volume |
| $1.79 | $1.80 | $1.77 | $8.348M | 4.675M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 27134 | $1.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.80 | 13999 | 1 |
View Market Depth
| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| KAR (ASX) Chart |