KAR 1.44% $1.76 karoon energy ltd

event horizon, page-22

  1. 473 Posts.
    GD,

    IMO Karoon has already told us everything from this paragraph. They have already found the gas at few reservoirs.

    "On reaching the planned TD (Total Depth) of 5322 mRT, wireline logging, pressure and sampling programs will
    be used to define the thickness and properties of all penetrated reservoir intervals and the presence and
    characteristics of any movable hydrocarbons."

    They have drilled from 5055m to 5249m since last week. A total of 194m in a week which means a day rate of 28m. Estimated to reach TD in 2.5 days from yesterday i.e they will be reaching TD on sunday and start to wirelogging and sampling programs for 20 days.

    Hope they will carry out the production testing at this well to collect gas data. They already missed out on P2.

    Good report.
 
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