KAR 2.62% $1.49 karoon energy ltd

everything we asked for and more, page-29

  1. Ya
    6,809 Posts.
    lightbulb Created with Sketch. 3829
    100-300mD perm + aprx 30 por is pretty good, got all my questions answered. Very happy with the 5 litre crude sample recovered frm the tool chambers.

    That 42 API is basically 0.815 specific gravity (density of water is 1). Hence the oil-water theory.

    Good to see them fast-track plans for K#2.

    Pop k#2 at the crest & the crude should flow better on a half inch choke in a Extended production test as long as they keep the draw-down in check rather then go full-throttle at the tap.

    Another advantage of the 'updip location' is the lower reservoirs may possibly crop up above the OWC. Hope they find a rig soon.

    Will b interesting how PRE go on the TSX 2nite.

    Chook#1 has a 24% CoS with 5 target horizons & is closer to PBR's Piracuca field. Fingers crossed.
 
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