KAR 0.27% $1.84 karoon energy ltd

latest from street talk - afr, page-5

  1. 1,666 Posts.
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    the fact their is more media chatter after weeks of silence suggest something is close.

    sto know what they have next door at crown. there would be little doubt that these 2 fields are connected and would be seeking a stake to deal itself into the game ( eventually all browse players will need to share - look at csg in qld - after a few years of building their own, they are starting to share) sto wants some leverage i would imagine - eg include crown in the pipe to darwin ( which they also have a 10% or so stake in ). entry into this jv would give them access to all exploration data , which would be of use for crown ( could save a couple of wells , which would be worth a few $ )

    org and cop run aplng togther, so no surprise that org would be interested in another jv.

    high stakes poker anyone ? all imvho.
 
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