Grace would not be the choice of KAR stevo. They had a contractual agreement to drill wa314.
COP did not see the potential volume and backed out of WA314 and put the investment in WA315 and WA398. Smart move because they wanted volume and they know it was in the Poseidon structure.
KAR had no choice. The current well was next in structural strategy after Grace.
COP and KAR now have all their eggs in a few baskets now and need to prove their worth.
Solid well results with proven porductioion capability in WFA315 and Brazil could push KAR back to A$6.30s by end of year.
This is just my opnion. I expect the big investors getting back into KAR in a big way after the Poseidon structure is proven.
Grace would not be the choice of KAR stevo. They had a...
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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 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| KAR (ASX) Chart |