KAR 0.00% $1.14 karoon energy ltd

Ann: Letter to Shareholders-KAR.AX, page-2

  1. 3,053 Posts.
    Karoon has;
    • AUD$523 million ($2.12 per share) in cash as at 31 December 2015, with additional receivable contingent payments
    of US$200 million.
    • Nil Debt.
    • 129 million barrels in gross unrisked 2C contingent resources (89 million barrels net to Karoon).
    • Multi-billion barrel prospective resources in the exploration portfolio.
    • an exploration portfolio that has minimal work commitments over the next two years.
    • An appraisal program in offshore Brazil commencing in the 2nd half 2016.
    • Recent new farmout interest from interested parties, to which it is working to progress.​

    Isn't the fact that the market cap is over $200m below the net cash position a pretty good reason to fire the board and wind up the company? That >$200m deficiency is basically the value the market is placing on management?

    I'd buy some KAR if they all resigned and sent the cash back to shareholders!
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Mkt cap ! $628.3M
Open High Low Value Volume
$1.13 $1.15 $1.12 $6.767M 5.912M

Buyers (Bids)

No. Vol. Price($)
1 50000 $1.13

Sellers (Offers)

Price($) Vol. No.
$1.14 41251 3
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Last trade - 16.10pm 04/03/2021 (20 minute delay) ?
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