As indicated by by Longley earklier in this thread.
Company has said:
"Potentially, it's mechanical failure, but work is continuing to determine the cause of the problem," said Scott Hosking, Karoon's company secretary.
The partners hope to come up with a "more definitive result next week," once more tests are carried out on the well, Hosking told Dow Jones Newswires.
Well it doesn't look inconclusive to me! It just looks like results were crap and they are hoping that a mechanical failure caused unexpected results, so they will test again!
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Last
$1.93 |
Change
0.025(1.31%) |
Mkt cap ! $1.415B | |||
| Open | High | Low | Value | Volume |
| $1.92 | $1.94 | $1.89 | $6.609M | 3.449M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 45504 | $1.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.94 | 80804 | 2 |
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| Last trade - 16.10pm 18/07/2025 (20 minute delay) ? |
| KAR (ASX) Chart |