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.
Karoon Cash Flow to double to over US$150m / Quarter
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 (20min delay)
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Last
$1.67 |
Change
-0.025(1.47%) |
Mkt cap ! $1.338B | |||
| Open | High | Low | Value | Volume |
| $1.70 | $1.71 | $1.66 | $9.033M | 5.396M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 57109 | $1.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.68 | 31601 | 1 |
View Market Depth
| Last trade - 16.10pm 13/06/2024 (20 minute delay) ? |
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Last
$1.67 |
Change
-0.025 ( 1.14 %) |
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| Open | High | Low | Volume | ||
| $1.70 | $1.71 | $1.66 | 1381219 | ||
| Last updated 15.59pm 13/06/2024 ? | |||||
| KAR (ASX) Chart |