KAR 0.81% 62.5¢ karoon energy ltd

I find this talk of poor management amusing..... Karoon brought...

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    I find this talk of poor management amusing..... Karoon brought in Philips who everyone agreed at the time was an outstanding choice. I know the board was very happy to have him on board. Philips elected to accept the position after doing his own due diligence on the company...pretty much standard practice at that level of engagement I would have thought.
    Philips clearly thought that the direction the company was taking was the right one and the general direction of the company has continued pretty much as it was.
    If you are already taking the best path forward, there can be little measurable improvement with a change of management.

    No-one saw the Saudi/Russian/Covid scenario on the horizon.

    The board is already looking at a range of options. Despite what is touted on here, it takes time to explore other opportunities and the current Bauna acquisition at least deserves the time to see if conditions improve enough to get this deal in some form across the line. Further Brazil is being smashed by Covid at the present time making things difficult and timeframes even longer.
 
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