KAR 4.26% $1.46 karoon energy ltd

Rig move to Neon-2, page-7

  1. Ya
    6,809 Posts.
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    Agree Austin.

    None of the Analysts asked that question, ie while they still have the rig with them instead of coming back in 2+ years or whenever FID happens.

    I guess that's the inherent risk of what happened at KWest when they promised a lot & it failed badly. Can't expect a repeat, as they'll prefer to derisk things step by step (ie, get these appraisals out of the way, then sell down equity in Neon around FID, plan the Development wells & also share the costs for a new well at NWest or a deeper target if applicable. That would b my guess).

    Rig co-ords for N2 are -26.00286, -46.0143.
 
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