The SP was essentially wrong/crazy way back then.$8-$10-$12... the energy mkt was very bullish about HC discoveries at the time but is no more... as too many investors got burnt. In 2009 Karoon GAS discovered the Poseidon field. Partners were ConocoPhilips and PetroChina... With numerous wells bored at a cost of ~100-120mill per hole and many hundreds of millions still required to prove the basin up, Bob, in 2014 did a last minute sale- (860mill) of their (40%) Poseidon holding to Origin Energy( M.D. - Grant King) Karoon were out of cash and would have had to CR and most think Bob did a pretty good deal. King resigned Oct 2016. (Origin wrote the project down as a stranded asset to Zero in Feb,2017.) Brazil became the sole focus for Karoon.
Today, I'm sure most on here would agree there is room for SP improvement given the current favourable situation..how much SP appreciation we will see is anybody's guess... it's different times and different mkts, what the company is worth on paper and what the mkt generally allows are two different numbers...Good Luck working that one out.
The SP was essentially wrong/crazy way back then.$8-$10-$12......
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Last
$1.90 |
Change
0.020(1.06%) |
Mkt cap ! $1.508B | |||
| Open | High | Low | Value | Volume |
| $1.88 | $1.91 | $1.84 | $3.401M | 1.815M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 49952 | $1.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.90 | 3399 | 2 |
View Market Depth
| Last trade - 11.18am 02/05/2024 (20 minute delay) ? |
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Last
$1.89 |
Change
0.020 ( 0.54 %) |
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| Open | High | Low | Volume | ||
| $1.88 | $1.90 | $1.84 | 235390 | ||
| Last updated 11.35am 02/05/2024 ? | |||||
| KAR (ASX) Chart |