KAR 0.75% $1.35 karoon energy ltd

Karoon Coming Milestones, page-4

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    Just at the present it is more like millstones than milestones:-
    1. Shorters increasing their activity with 1.73mm shorted yesterday, more than double the day before of 800K.
    2. No advice on the outcome of the maintenance shutdown from management, the time frame for any further rectification works, if required and when and at what level production might resume.
    3. ANP website frozen in time as at 13 May so we don't know how much oil has been produced at Bauna since then, whether production has resumed and if so at what level.
    4. The share price continuing it's daily decline despite a fairly buoyant Brent price.
 
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