big news out today ? , page-11

Wishful thinking perhaps - but who knows?

From the last Report No 6 on 27 August, K-1 well was at 3,237m.

The first zone of interest was supposed to be around 3,800m - subject to GWC.

At the expected lower rate of drilling (say 150m per week, at best) KAR still has (3800-3237) =563m to drill.

Allow for 150m last week = 410m say. - i.e. still (410/150) = 2.7 weeks to get to first zone.

Suspect simply that the Report has just not come through from COP - too early for anything exciting yet - just have to wait.

As I posted earlier today, the releases so far this week (re 4 committed wells), should be seen as very positive and should help build and maintain interest in KAR for the next couple of weeks till 3,800+ is reached.

IMO, this stock is going to get a great deal more media coverage than already seen, as depth gets closer to 3800+.

KAR sp will be under very positive pressure as investors/speculators/traders become aware of the huge potential of the Browse leases.