progress report 3, page-16

The market is living in a separate reality to karoon and cop ,It created its own set of rules and targets that kar/cop did not state ,thats why the sp is bobbing around the $7 mark .

It clearly did not know the facts even at the highest levels so the mob market mentality ruled ..we always need to state the obvious that p1 was a significant gas discovery the 4 data points collected before the tool being stuck showed a gas gradient as to the gas will flow .

kt1 wrong spot nothing to do with posiedon .

p2 successcop eyes ...classic market ignorance and so the sp crashed .

1 hit all 3 sands as with p1

2 established the gwc perfect (ITS DEEP )

3 collected gas composition samples and guess what,perfect high methane ,low co2 ....

4 flowed gas to the surface at a low rate but completion brine would be responable for that and after a month if they returned that rate would be much higher as the brine dissapates ,brine can significantly reduce flow rate to a trickle from a gusher potential.

5 bonus montara sands above a b c sands gas charged and requiring heavier mud rates to keep gas in check...

so everything is moving forward as planned ,kronos 1 is designed to prove commerciality of the feild to an extent as many more wellsneed to be drilled but kronos will flow big and cop will stay there until the well is flowing at its highest potential ,so unlike p2 they will apply all technics to acheive maximum flow.