Hi Baraka,
Dont think CAPEX would b an issue. KAR can always piggy-back COP, now that they know what actually lies beneath.
Second Level
I think there r 2 parts to yr question & both r related.
1) P#1 & future S-Trk (not P#2:
Firstly its not possible to repair a damaged formation. However to save on time etc, the operator can choose the older well as an entry point & side-track by building up a safe angle. A bit risky, but achievable with directional drilling. In today's era one can drill a well 'S' or 'Z' shaped. But to answer yr question & my gut feel, P#1 will b used as an entry point later-on in the future & side-tracked from somewhere in the 8.5" section, which was drilled 3890 to 4588m. Since the Jurassic Plover Sands came in @ 4795m, it gives them enough height to build up an angle & distance away from the current well.
2) As for KT:
Nowadays, all operators pick the best location using the seismic & topographic data. KT is updip & further away from the old Woodside well Buffon/ Buffon-ST1. They've stressed abt this in their AGM preso's quite well. So to answer y'r question, as the location is updip, chances are the reservoir at KT should b relatively undamaged, IMO.
Here's hoping for a successful result at KT for KAR.
More abt that in 9-10 weeks time when drilling gets exciting.
cheers
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