TIME FOR SH RECAP???, page-3

I have often wondered why a cash up junior like Karoon Energy do not merge with FAR. Karoon Energy has the cash and producing asset, and FAR has the potential. It could move Karoon Energy even further up the field in terms of oil production from 16,000 bpd to 30, 000 bpd. And once they have reworked their Bauna fields, they could go up to 45, 000 bpd. This is especially attractive with the oil price moving up for 4 reasons.
1. OPEC+ has indicated they are not going to up production drastically.
2. The Democrat is likely to control the Senate and therefore negative for US shale production.
3. The chance of conflict is a very much possibility in the next 5 years (Iran, China, etc)
4. Air travel will resume because of COVID vaccine.