Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

96 Pages (Click to Jump) V   1 2 3 4 > »    
 
  
Reply to this topic

KAR, KAROON GAS AUSTRALIA
blacksheep
post Posted: Jul 30 2019, 11:28 AM
  Quote Post


Posts: 6,141
Thanks: 2194


In Reply To: plastic's post @ Jul 29 2019, 04:49 PM

Yes - SP has done well, although there are a couple of gaps @ $1.265 and $1.72. SP currently $1.76 - might be time for a breather?


Attached thumbnail(s)
Attached Image



 




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
plastic
post Posted: Jul 29 2019, 04:49 PM
  Quote Post


Posts: 9,190
Thanks: 283


Somebody was on the money. Hope he made it all back.



--------------------
What did Uncle Mel do to us?
 
blacksheep
post Posted: Jul 27 2019, 04:22 PM
  Quote Post


Posts: 6,141
Thanks: 2194


In Reply To: plastic's post @ Mar 2 2019, 07:32 AM

Karoon Energy Ltd signs binding Baúna Sale and Purchase Agreement Acquisition Highlights
QUOTE
• Realises Karoon Energy Ltd’s (Karoon’s) highest priority strategic goal of acquiring a high
quality, cash generating production asset
• 100% operating interest in the Baúna light oil field producing approximately 20 Mbopd
• US$665 million headline purchase price offset by operating cash flows from the effective date,
1 January 2019
• Transaction subject to final Brazilian regulatory approval, which is expected in the first half of
calendar year 2020


QUOTE
RBC Capital Markets oil and gas analyst Ben Wilson said the purchase of the oil field represented "nearing the end of a long road for Karoon in Brazil, after multiple false starts".

"We think the market will view this transaction favourably both in terms of price paid but also for what it means in terms of the creation of a large oil producing mid cap, which is a rarity for the ASX."

https://www.afr.com/companies/energy/karoon...20190725-p52aks

Market seems to agree - ATM anyway
Attached thumbnail(s)
Attached Image


 




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
plastic
post Posted: Mar 2 2019, 07:32 AM
  Quote Post


Posts: 9,190
Thanks: 283


Someone once told me that this was a good company to keep adding to over an extended period of time. I have watched and watched and watched thinking it must soon be a buy but it never has been. It has been a perennial non-performer albeit with some great assets.

Does anyone have an opinion on this now?

I often wonder if it could be the next Woodside. Everyone says peak oil has been and gone. That green energy is the way of the future. I say humbug. Oil will be here for a long time to come. The best time to buy is when the per barrel price is low. Which is now because that is reflected in the share price.






--------------------
What did Uncle Mel do to us?
 
blacksheep
post Posted: Jun 28 2018, 03:42 PM
  Quote Post


Posts: 6,141
Thanks: 2194


In Reply To: blacksheep's post @ Jan 10 2018, 11:06 AM

No news, but the SP is up 6.16% on decent volume
https://www.shortman.com.au/stock?q=kar
Attached thumbnail(s)
Attached Image


 




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jan 10 2018, 11:06 AM
  Quote Post


Posts: 6,141
Thanks: 2194


SP up 2.39% @ $1.3925 following today's farm-out announcement
QUOTE
]Karoon Farm-out to Tullow 35% of Block Z-38, Tumbes Basin Peru[/b]

Karoon Gas Australia Ltd (ASX: KAR) is pleased to announce the farm-out of a 35% interest in offshore
exploration Block Z-38, Tumbes Basin Peru to Tullow Peru Limited, a wholly owned subsidiary of
Tullow Oil plc (‘Tullow’).

Pursuant to the Farm-out Agreement (‘Agreement’), Tullow will acquire a 35% interest in the block on
the following terms:

1. Fund 43.75% of the cost of the first exploration well, capped at US$27.5 million (at 100%),
beyond which Tullow will pay its 35% share.

2. Pay US$2 million upon completion with a further US$7 million payable upon declaration of
commercial discovery and submission of a development plan to Perupetro.

The Agreement remains subject to the satisfaction of certain licensing conditions and regulatory
approvals. Following completion of the farm-out well, Tullow will have an option to assume
operatorship of the block.

Attached thumbnail(s)
Attached Image


 




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 


blacksheep
post Posted: Nov 14 2017, 06:52 PM
  Quote Post


Posts: 6,141
Thanks: 2194


In Reply To: nipper's post @ Nov 14 2017, 05:04 PM

Might also be something said in at the AGM hit a note with investors - cost cutting, looking to acquire income producing assets and/or getting someone on board to share in the development costs of their Brazilian discoveries?

QUOTE
The challenging conditions for the oil and gas industry continued for all of financial year 2017.
Although the oil price bounced back from the very low prices of early 2015 the recovery ran out of
steam and prices have largely been tracking sideways for nearly all of 2017. The industry specialists
and analysts now tend to refer to oil prices remaining lower for longer and long-term forecasts for
prices have largely been lowered.

Faced with this outlook, participants in the industry, including the oil majors, have been deferring
expansions and developments and in particular, significantly winding back their exploration
programmes. This has had a major effect on Karoon and its well formulated exploration led growth
strategy. It has made the introduction of partners into our drill ready prospects quite difficult. At the
same time, rig costs have been reduced substantially and FPSO charter rates, well heads and all the
ancillary equipment charges dramatically reduced. Oil services companies are also very keen for work.
In light of this new industry environment Karoon has significantly modified its strategy. We are
essentially pursuing a three-pronged approach.

Firstly, we are using the downturn to look for producing assets for acquisition. Even in the present
environment finding the right asset at a value creating price has proven difficult. In fact, when you
look over the history of the industry most acquisitions take place at the top of the cycle when prices
are high, not at the bottom when the attitude of participants has been to bunker down and try to ride
out the depressed times. Nevertheless, the Managing Director and his team have been working very
diligently in the course of the year at acquisitions and at present have a number of projects in the final
stages of evaluation and negotiation. This initiative has resulted in Karoon developing the people and
skills to efficiently and effectively evaluate opportunities.

The second approach Karoon has been following is to look at innovative ways to get our now 100%
owned Brazilian discoveries into production by taking advantage of the significantly lower
development cost regime, the willingness of service providers to share development risk and through
the adoption of innovative engineering solutions. We have concentrated this work initially on our
Echidna discovery in the Santos Basin and are aiming to reach a Final Investment Decision (FID) this
financial year.

The third approach has been to use the downturn to upgrade our exploration portfolio. Success can
never be guaranteed in exploration, but projects can be evaluated against each other and those with
the better chances pursued preferentially. Karoon was successful in being awarded a new area in the
Santos Basin of Brazil in bid round 14 conducted by the Brazilian Government. Mark Smith shall
elaborate on this exciting acquisition shortly.

The company is also looking at every way it can to reduce its cost base, save funds during what may
be a prolonged downturn. In fact, in the previous 12-month period, Karoon has reduced staff numbers
by 20% and is currently reviewing its overhead structure.

Our aim over the next year or so is to become an oil producer with a robust stable income stream so
as to be able to support our ongoing exploration led growth strategy and associated development
activities.




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Nov 14 2017, 05:04 PM
  Quote Post


Posts: 5,879
Thanks: 2129


In Reply To: blacksheep's post @ Nov 14 2017, 04:22 PM

hard to say, but this, wrt Shell /Woodside, today may provide some clues:
QUOTE
..if the oil price holds up, the three-year hiatus in industry investment will have to end with a surge in capital expenditures by the majors to replenish their reserves. There are signs that process is already starting to occur
especially when coupled with
QUOTE
..OPEC raised its forecast for demand for its oil in 2018 and agreed output cuts were reducing excess oil in storage.




--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Nov 14 2017, 04:22 PM
  Quote Post


Posts: 6,141
Thanks: 2194


Noticed KAR was up over 9% today - not sure why
https://www.shortman.com.au/stock?q=kar
Attached Image






--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jul 31 2017, 12:45 PM
  Quote Post


Posts: 6,141
Thanks: 2194


KAR up on today's announcement

Karoon Partners with Dea to Consider Acquisitions Offshore Brazil
By Robb M. Stewart Published July 30, 2017

QUOTE
In a statement Monday, the Australian company said it had entered agreements with German oil-and-gas company Dea to evaluate jointly bidding for assets.

As part of the arrangement, Karoon said it had granted Dea an exclusive option to buy up to 50% in five exploration blocks in the Santos Basin, off the coast of the state of Sao Paulo.

Having such a "high quality, well-capitalized partner" would significantly assist Karoon in its ambitions to buy oil production in Brazil, Karoon Managing Director Robert Hosking said.

Commercial terms for any acquisitions would be agreed and finalized at the appropriate time, Karoon said. A sale of interests in its exploration acreage, including in the Echidna and Kangaroo discoveries, remains subject to Dea carrying out due diligence and the agreement of terms, it added.

Mr. Fridman's L1 Energy, formed to invest heavily in energy assets around the world, bought Dea from German utility RWE AG (RWE.XE) in 2015.

"DEA has excellent operational capabilities with significant production and earnings, along with ambitious growth strategy, making them a very good strategic fit for Karoon" Mr. Hosking said.

Karoon entered Brazil in 2008 with the acquisition of five exploration blocks.

http://www.foxbusiness.com/features/2017/0...ore-brazil.html
Attached Image





--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


96 Pages (Click to Jump) V   1 2 3 4 > » 

Back To Top Of Page
Reply to this topic


You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING