KAR receives Brent Crude price plus $1 - $2 because of the excellent Bauna light oil quality.
Brent is trading right now at $58.58, so KAR is likely getting around $60 USD,which is still bonza although off 10% from the bonanza price of $65 on Jan 21.
Producing 17,349 Barrels per day average in Dec from only 5 of 6 wells, means that this change in prices has reduced KAR's cash flow for the week marginally versus a $69 million whack in market cap.
On the closing date for Bauna.
At the AGM the close was repeatedly stated as by Mar 31, 2020. In the AGM presentation, there is a timeline graph that indicated Government approval by Feb 28, 2020 and Financial Close by Mar 31, 2020. If I was the ANP watching oil prices I might get off my butt and approve the deal sooner.
KAR receives Brent Crude price plus $1 - $2 because of the...
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Last
$1.80 |
Change
-0.010(0.55%) |
Mkt cap ! $1.445B | |||
| Open | High | Low | Value | Volume |
| $1.80 | $1.81 | $1.78 | $3.826M | 2.126M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 21103 | $1.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.81 | 35493 | 3 |
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| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| KAR (ASX) Chart |