KAR 0.98% $1.51 karoon energy ltd

Ann: Poseidon North-1 Progress Report No 3 , page-10

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  1. 12,390 Posts.
    Looking at the projected Activity Summary for this year is quite depressing. We were supposed to be spudding a new well in Brazil on April fools day... is there a sick message in that? Not to mention spudding in Tumbes in about 12 weeks. Oh for what might have been. I hope those wanker bankers are working overtime on this.
    Approvals for both areas are way overdue? I don't recall anything being released regarding those?
    It's hard to imagine anything much happening in South America this year even if a J/V or 2 were imminent IMO.
    Such is the nature of the beast. It would certainly help the SP though. Sorry for stating the bleedin' obvious.

    Hope the easter bunny found those who wanted it to.


 
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