KAR 0.93% $1.61 karoon energy ltd

grace spudded, page-31

  1. 1,675 Posts.
    Stevo, milehigh - IMHO would suspect CP is concerned with the mass volume and suspect Poseidon formation bigger and sustain profit longer thus reducing long term cost. Poseidon formation may be proven to extend to Crown well. This is being researched.

    Grace may produce enough to give Karoon a very sharp boost in
    net assets and be able to go into production separately from Poseidon supporting a different method of supply at lesser cost.

    A whole different game Karoon can play without big brother making decisions.

    Bob
 
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