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.
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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. |
---|---|---|
$1.81 | 35493 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 21103 | 1.800 |
2 | 6493 | 1.795 |
3 | 86322 | 1.790 |
4 | 56275 | 1.785 |
8 | 37677 | 1.780 |
Price($) | Vol. | No. |
---|---|---|
1.805 | 35493 | 3 |
1.810 | 66833 | 10 |
1.815 | 109102 | 6 |
1.820 | 128167 | 6 |
1.825 | 37982 | 3 |
Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
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KAR (ASX) Chart |