B.S. - KAR had no choice on drilling Grace. It was an agreement obligation and backing out was not a viable solution.
COP knows there is gas in WA-314. They prefer to invest their funds into the WA315 and WA398 for larger pay for their investment. That's why they got out of WA314.
If Grace would have produced production quality Karoon would be happy selling gas to China.
I am wondering if they may be selling a big portion of WA315 and WA398 to someone like China with a big royalty retainer.
Bob
B.S. - KAR had no choice on drilling Grace. It was an agreement...
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Last
$1.84 |
Change
-0.005(0.27%) |
Mkt cap ! $1.470B | |||
| Open | High | Low | Value | Volume |
| $1.84 | $1.86 | $1.82 | $5.917M | 3.219M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 48719 | $1.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.84 | 7249 | 1 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| KAR (ASX) Chart |