Nothing mentioned there to say the share would be 30%. so that's an assumption.
Also I read lots of drilling.....8 horizontal wells... a new FPSO...sounds like this isn't going to be cheap plus the buy in...... A chunk of time and lots of cash before there is any profit here.. .Hmmmm...... Longterm Shareholders about to get shafted with another CR if it was to come to fruition.
We have plenty on our plate ATM...Consolidation before expansion IMO.
Buying a mature producing field that is already profitable is a completely different story and welcomed.
Karoon M&A, page-9
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$1.75 |
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Mkt cap ! $1.405B | |||
| Open | High | Low | Value | Volume |
| $1.78 | $1.79 | $1.74 | $5.751M | 3.281M |
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| No. | Vol. | Price($) |
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| 1 | 10000 | $1.74 |
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| Price($) | Vol. | No. |
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