Hi BS,
KAR has 0% interest in Canario.
The reason why it was interesting to KAR is that the drill was on a potentially connected formation and therefore by the sience of nearology it would sugggest that our lease has Oil as well.Did not turn out that way.
But as KAR has 0% interest in the Block they are not required to make any announcement.
The prospect that extends into Canario is not even a target of KAR!
Pure and simple - 'It would have been nice...but'
lets face the truth, page-21
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