Current operating Cashflow is US$60m/ Quarter @ US$68/bbl. Brent now over US$80/bbl
Production to double from 13.5k/bbls/day to 30k/bbls/day and unit costs/bbl to drop “by half” according to CEO Julian Fowles to below US20/bbl after the 2022 Bauna interventions and Patola expansion. On my math this will deliver quarterly operating cash flow of over US$150m or annual operating cash flow of US$600m or A$800m vs current A$950m market cap.
Am I missing something ? Karoon remains extremely cheap.
Current operating Cashflow is US$60m/ Quarter @ US$68/bbl. Brent...
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Last
$1.90 |
Change
0.060(3.27%) |
Mkt cap ! $1.518B | |||
| Open | High | Low | Value | Volume |
| $1.86 | $1.92 | $1.85 | $14.11M | 7.466M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 103839 | $1.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.91 | 50033 | 4 |
View Market Depth
| Last trade - 16.10pm 20/05/2024 (20 minute delay) ? |
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Last
$1.90 |
Change
0.060 ( 3.44 %) |
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| Open | High | Low | Volume | ||
| $1.86 | $1.92 | $1.85 | 2081807 | ||
| Last updated 15.59pm 20/05/2024 ? | |||||
| KAR (ASX) Chart |