KAR 2.35% $1.85 karoon energy ltd

Ann: Pharos-1 Progress Report No 2 , page-5

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    hope we get something before this hole is finished. PN 1 was at a similar depth on 4/4 , we didnt get final ann until 16/5. and that is assuming no side tracks etc ( proteus was a pig to drill that took 2 sidetracks !)

    probably right, you would want to build in some milestone payments in event of upside.
 
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