KAR 2.56% $1.53 karoon energy ltd

uh-oh trading halt, page-7

  1. 416 Posts.
    Thanks Brad. That wasn't out (for me) last I checked.


    I can't really see how this can be good news in that case.
    They announced on the 28th that they were still working on the BOP and hoped to restat drilling later that day.

    3 days drilling should have them at the Montara, but I'm not sure 'hit 10-20M column of gas bearing sands, stopping to test' is really worth a TH. (10-20M being just a guess).

    I fear further complications with the BOP are more likely, although I can't see that being worth a TH either, unless they're pausing the program/stopping this hole area result.
 
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