KAR 1.44% $1.76 karoon energy ltd

Well folks, here we are, the SP is back to where it was on 18...

  1. 2,902 Posts.
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    Well folks, here we are, the SP is back to where it was on 18 May, the day before the gas flow announcement, $7.67. I certainly didn't think I would see that price again!

    Whilst this is disappointing, I'm now confident that everything points to the Greater Poseidon delivering a great outcome and at some stage the market will acknowledge this. If it takes 3, 6 or 12 months, so be it. In the meantime there is much to look forward to with KAR's other promising prospects in Brazil/Peru.

    IMO the next round of Browse drilling will include Lead F which incidentally is closer to K1 than P1 or P2.

    ANZ
 
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$1.76
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4 20933 $1.76
 

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$1.77 350 1
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