If the first well is dry it will be another MMR/BUY situation....albeit at lower prices....but the % loss would still be huge.
MMR/BUY still have great resource potential with PEP11 in probably the best market area of Australia, but when the first well came up a duster it was all tears.....I can't see KAR being any different on a % basis if they come up dry!!
Yes, they have a few positives, but the market has proven over and over again with KAR that this is a fickle beast!!
I hope they target a low risk hole in the first instance to provide a stable platform for the remaining holes. This is where I think PEP11 went terribly wrong....
looking good, page-5
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Last
$1.53 |
Change
-0.045(2.87%) |
Mkt cap ! $1.188B | |||
| Open | High | Low | Value | Volume |
| $1.57 | $1.57 | $1.49 | $9.783M | 6.430M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1520 | $1.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.53 | 90128 | 2 |
View Market Depth
| Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
| KAR (ASX) Chart |