Hold on to your hats – here is an excerpt of a report from a very conservative institution just published.
Gas sands intersected but not the main target
Karoon Gas yesterday announced that the Posedin – 2 exploration and appraisal well had discovered thin inter- bedded sandstone approximately 50 – 70 meters above the wells target zone, the Plover sandstone formation. Due to the imminent announcement of the outcome of the Posedine – 2 well which will affect our evaluation by up to $ 8.00 per share.
It goes on to say that this stock is not for the faint hearted – as we all know..... and hold off for the imminent annoucement
hold on to your hats
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Last
$1.48 |
Change
0.025(1.72%) |
Mkt cap ! $1.172B | |||
| Open | High | Low | Value | Volume |
| $1.48 | $1.49 | $1.46 | $4.698M | 3.195M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7026 | $1.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.49 | 24874 | 3 |
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| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| KAR (ASX) Chart |