Hi Baraka,
Dont think CAPEX would b an issue. KAR can always piggy-back COP, now that they know what actually lies beneath.
Second Level
I think there r 2 parts to yr question & both r related.
1) P#1 & future S-Trk (not P#2:
Firstly its not possible to repair a damaged formation. However to save on time etc, the operator can choose the older well as an entry point & side-track by building up a safe angle. A bit risky, but achievable with directional drilling. In today's era one can drill a well 'S' or 'Z' shaped. But to answer yr question & my gut feel, P#1 will b used as an entry point later-on in the future & side-tracked from somewhere in the 8.5" section, which was drilled 3890 to 4588m. Since the Jurassic Plover Sands came in @ 4795m, it gives them enough height to build up an angle & distance away from the current well.
2) As for KT:
Nowadays, all operators pick the best location using the seismic & topographic data. KT is updip & further away from the old Woodside well Buffon/ Buffon-ST1. They've stressed abt this in their AGM preso's quite well. So to answer y'r question, as the location is updip, chances are the reservoir at KT should b relatively undamaged, IMO.
Here's hoping for a successful result at KT for KAR.
More abt that in 9-10 weeks time when drilling gets exciting.
cheers
- Forums
- ASX - By Stock
- KAR
- p#1 post-mortem
p#1 post-mortem, page-4
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add KAR (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.80 |
Change
0.000(0.00%) |
Mkt cap ! $1.441B |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2081 | $1.85 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.62 | 100 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 81 | 1.850 |
1 | 36 | 1.820 |
5 | 6435 | 1.800 |
4 | 15437 | 1.795 |
2 | 13657 | 1.790 |
Price($) | Vol. | No. |
---|---|---|
1.620 | 100 | 1 |
1.710 | 4701 | 2 |
1.745 | 72 | 2 |
1.750 | 1292 | 2 |
1.770 | 2500 | 1 |
Last trade - 09.43am 21/08/2024 (20 minute delay) ? |
Featured News
KAR (ASX) Chart |
Day chart unavailable
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online