KAR 1.46% $1.39 karoon energy ltd

Should b on track in March. 50% sale in Tartaruga Verde for...

  1. Ya
    6,809 Posts.
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    Should b on track in March. 50% sale in Tartaruga Verde for USD950mil took 8 mnths, so use that timeframe from July2019 for Bauna. I think PBR would announce the 2 sales together, i.e Enchova cluster to Trident and Bauna to KAR for the headline price.

    Almost USD16b of assets sold to bring their debt down. Mid-Jan they completed their exit from West Africa when they finalised their Nigerian oilfield sale. Apprx USD1.454b for 2P-204 mmbbls received from a consortium of Africa Oil, Vitol & Delonex Energy (ie Petrovida).
 
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