KAR 0.45% $1.11 karoon gas australia limited

Oil discoveries declining - tighter supply in future

  1. 3,147 Posts.
    Article in today's AFR caught my eye.

    "Discoveries of new oil and gas reserves dropped to their lowest level in at least two decades last year, pointing to tighter world supplies as energy demand increases in the future."

    And here we are, Karoon about to confirm a commercial new discovery that will come on line at the right time.  Despite the current chatter about an oil over-supply, I think it is inevitable supply/demand momentum will be short lived - most likely a much shorter time in the over-supply doldrums than is reported by the likes of Citi etc.

    Bodes well for those Karoon holders who can patiently sit on the sideline while the yo-yos have their day.

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