KAR 3.75% $1.94 karoon energy ltd

kar-ry on....dreaming !!, page-13

  1. Ya
    6,809 Posts.
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    Hi Rathmore,

    NWS is a combination of different fields (Perseus, Goodwyn, Angel, Echo, Yodel & Rankin) hosted within a reservoir (think its the Legendre Sandstone) over a vast area.

    Those 2 platforms (NRA & GWA) have had heaps of wells directionally drilled from them, some upto nearly 8 kms long (longreach wells) & completed (just visualise a snake-light with kinks & bends), thats what made it challenging & lucrative, since its discovery in the 70's, the shear size.

    Kontiki & Pos are 2 separate structures at a fair distance, so will b developed individually, unless the JV decide to hire 2 gas-floating facilities instead of 1 !!

    There is healthy competition betn VIC & WA. VIC has a larger demographic base, so the gas from Bass Straits predictably, targets the large residential mkt compared to WA, which caters to large-scale industries via a network of pipelines.

    Cheers

    PS: Hope u dont call Sky Biz tonite :)
 
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