KAR 4.67% $1.53 karoon energy ltd

This was found on bloomberg website.Talk about the transocean...

  1. 117 Posts.
    This was found on bloomberg website.
    Talk about the transocean that will be used for our wells..
    ConocoPhillips has agreed to lease the vessel for $450,000 a day through September and $300,000 thereafter until the end of November for drilling off the coast of Australia, the filing said. This Rig is normal rate of $495,000 per day so this is a great cash saving and another reason to stick with Big Bob. Cost savings and trying to stop dilution this is great management

    August 31days X $45,000 $1.395M
    September 30days X $45,000 $1.35M
    October 31 days X $195,000 $6.045M
    November 30 days X $195,000 $5.85M

    Total Saving of $14.63M






 
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