KAR 7.19% $1.57 karoon energy ltd

Ann: Poseidon-2 Progress Report , page-60

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  1. 666 Posts.
    I was sceptical with P1 not so with Kontiki as it was 50km away.

    This hole is 6kms away from p1.

    Had Kronos 1 been drilled first and we had commercial rates then testing the outer edges of the structure and finding gas would have been a u huge result.

    K1 is the one obviously now. P2 has achieved its objective. Inhindsight, there woul dbe no reason not believe that but for mechanical problems, P1 would have had gas in it as well.

    They (Kar) seem to be blameing brine in the well for severley restricing ggas flows. are these holes suppossed to have brine or should it have been expelled. Is it COPs fault? Do COP not agree with this assessment?
 
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