KAR 0.00% $1.48 karoon energy ltd

picking up dst , page-2

  1. Ya
    6,809 Posts.
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    yep, this is it, as the moment of truth looms ahead nxt week.

    - Liner is set, the well is secure
    - Make-up DST tools
    - Perforate the 'test interval'
    - conduct flowtest.

    We don't know what depth they r testing & how many tests r planned.

    Should all go well, then IMHO Monday should b D-day, when we could hear more abt how the perforation/ flowtest went over the w'end. A photo of the flare will b good.

    Perhaps even a T/H, as any news frm P#2 is likely 2b price sensitive.

    Fingers crossed, not for the faint hearted. For those who got on recently, pls use tight stops.

    Looks like Wellington are back to their original holdings of mid-Nov.

    As per KAR's recent annual report, there were 9141 shareholders & WellCap had 12.5% (or 22.12 mil), so clearly they've taken some profits by buying more (since the AGM in mid Nov) to 13.93% & now reducing their holding to 12.83%.

    More next week. Keep the faith.
 
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