KAR 0.00% $1.74 karoon energy ltd

no idea, still trying to figure out what the hell is going...

  1. 475 Posts.
    no idea, still trying to figure out what the hell is going on.

    with wellington dumping, its not safe for me to get in at the moment - the last week has proven this.
    -15% today was to be expected, 50k buyer last night proped up the price 5% on close.

    having said this, we're running out of time. the sedcog moves soon and will be drilling in a matter of weeks.
    will have to make a decision soon as punters will get on board and we wont be seeing these prices again if 1 well is successful.

    that leads me to another dilemma - i would like to know where they are drilling their first well.
    firetail-1 drilled my WPL was dry so if they are targeting their Duyfken prospect at first I will hold out.

    Id like to hear your thoughts PhatProphit (or anyone else on the above)
 
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1 15017 $1.74
 

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