KAR 1.13% $1.75 karoon energy ltd

Macquarie says Karoon worth $5.15 if oil > 100, page-312

  1. 416 Posts.
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    The Bauna intervention is now underway and about half finished. It will take production from 13,000 to 20,000 bbls by the end of Sept / early Oct Ie in the next 6-7 weeks.

    Immediately after this the rig will start the Patola expansion that will then add another 10,000 bbls by early 2023 to get to 30,000 bbls/ day.

    I would add that 30,000 /bbl is a conservative target. I think Karoon management hopes to exceed this number by a few thousand bbls/ day once testing of the new equipment is complete .
 
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