Cash box waiting to be discovered... In the same area of oil/gas...

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    Cash box waiting to be discovered...

    In the same area of oil/gas research I was doing which led me to buy WPL yesterday, found a spec play with more cash than it's current market cap. Company is Karoon Energy Ltd (KAR) which has been in this portfolio before. Current market cap is around 255m but it has 330m cash and no debt. What about any value attributed to it's oil/gas exploration assets ?

    With Oil price slowly moving up, I am happy to take a stake given that KAR should be limited on the downside due to the cash backing. In fact if fund managers and private equity trusts discover this it may even get a share price boost due to the arbitrage opportunity.

    Open Portfolio:
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