Agree Digz. Every major wants a foot in the door over there, so IMO KAR have played their cards well by sitting on a 100% instead of going half-half right in the bidding stages.
Its a smorgasbord of majors over there & won't surprise me if they get atleast 1 of the locals (PBR or OGX) onboard. The later are very agressive & went on a semi-sub buying spree so that they dont waste time in the pits warming up. The 'X' indicates muliple by the way not the alphabet (thanks to the owner's eccentricity with his previous ventures MMX & some other start-ups).
1 thing I am not sure abt is how the new 'bill' in the Brz parliament will affect KAR. The politicians want PBR to have a stake in all sub-salt fields. So if KAR's WA3DS picks up some 'fizzy' anomaly, we get PBR by default straightaway.
Note that Conoco aren't operating in the Santos basin (Chevy, Anadarko are), so will b interesting to get a new doubles partner onboard for the upcoming grand-slam !!
kr1 at 3034m, page-10
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Last
$1.81 |
Change
0.060(3.43%) |
Mkt cap ! $1.453B | |||
| Open | High | Low | Value | Volume |
| $1.78 | $1.81 | $1.76 | $8.120M | 4.523M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5782 | $1.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.81 | 204687 | 10 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| KAR (ASX) Chart |