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KAR - Karoon Energy

Discussion in 'Stocks I-P' started by GreatPig, Aug 8, 2005.

  1. notting

    notting

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    Thanks SKC:xyxthumbs
     
  2. albaby

    albaby

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    This from Aus on the 18th" But the real excitement in Karoon in the weeks ahead will be in its oil exploration program in the Santos Basin off the coast of Brazil. It has been a long time coming and we're about to find out if it has been worth the wait. The first well planned by Karoon, the ever so patriotically named Kangaroo 1, is due to spud-in in the last week of this month.
    Outside consultants reckon Kangaroo has "gross mean prospective resource" potential of 272 million barrels of oil. Now as interesting as big gas off the WA coast is, a sizeable find of "black gold" wins hands down every time in grabbing investor attention. Prospects Emu 1 and Bilby 1 are due to follow in Karoon's Santos Basin effort."Al.
     
  3. mr. jeff

    mr. jeff

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    Coming through with the goods so far and may be worth watching.
    First drill success, 2 more to come.
    Good break up and that is on top a recent decent break up that held. Exciting.
     
  4. Helenr

    Helenr

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    The discovery in the Santos Basin in Brazil Do in Karoon 1 would be the largest oil discovery in the land of the past 15 years. This would be about 1.2 billion barrels. Exciting!!!
     
  5. Knobby22

    Knobby22 Mmmmmm 2nd breakfast

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    I prefer to wait and see if the discovery occurs and then watch the price fall back while finance gets arranged before I like buying. Not as profitable but not as risky.
     
  6. albaby

    albaby

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    Finance already in the bag with their farmin deal with Pacific Rubiales Energy Corp ,40mil+drilling expenses for35% interest.Al
     
  7. Helenr

    Helenr

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    Major Pacific Rubiales insiders bought in the last few days about 10,000,000 shares of Karoon. This action with the expected size of the discovery reached its maximum in weeks
     
  8. brty

    brty

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    HelenR,

    Interesting, is the company traded on exchanges other than the ASX? In the last 10 trading days only about 6-7 million shares have traded in total on the ASX in this company.
     
  9. Helenr

    Helenr

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    This company only traded on ASX. The business partner Karoon Gas in Brazil in the well 1 is Pacific Rubiales Karoon and they have said that the find is estimated that 1,200 million barrels this could be the world's largest find in the last 15 years. Pacific Rubiales insiders buying shares of KAR come since September 2012.
     
  10. albaby

    albaby

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    Helenr,what is Pacific Rubiales Karoon?Perhaps a link to the scource of your info?Where did they get 10ml shares?Al
     
  11. Helenr

    Helenr

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    Pacific Rubiales is a Canadian oil company that is associated with Karoon Gas oil in Brazil and found a few days ago.
     
  12. Knobby22

    Knobby22 Mmmmmm 2nd breakfast

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    Thanks but I mean finance to develop the resource. Not find it. (If it is there.)
     
  13. albaby

    albaby

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    Cheers Knobby,my first thoughts when I read your post were that you might be thinking of an LNG project.When I looked at the cost of an oil rig I see what you mean.Al
     
  14. Helenr

    Helenr

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    Full Story: http://www.businessweek.com/news/20...sets-drawing-interest-from-potential-partners
     
  15. Helenr

    Helenr

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    if you read the previous article, the analyst gives a value of $ 10 per share.
     
  16. adds4

    adds4

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  17. ftw129

    ftw129 Sell crap and manage risk

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    Is anyone still interested in this stock fundamentally?

    I used to like to trade this one up and down but it certainly did my head in! Very volatile... (I don't really trade shares anymore except for hedging but sometimes I just can't help myself with a directional play when the technicals are compelling)

    Technically speaking, there is some really good support coming up at $2 and this thing has the potential to jump back up to the $4-7 range very quickly.

    Could be fun for some of that spare cash that you're prepared to lose :D
     
  18. icemanmelb

    icemanmelb

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    Where's everyone? About $2 in cash backing, this thing is 1.3. Guess the market is pricing in for a nothing company.

    Ice
     
  19. Porper

    Porper Ralph Nelson Elliott

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    Some light at the end of the tunnel? Falling wedge/Ending Diagonal Triangle.

    Also notice the increase in volume recently...often a precursor to a trend reversal.
     

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  20. Tooth Faerie

    Tooth Faerie

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    Wow seems to be going pretty well at the moment.
     
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