KAR 1.61% $1.53 karoon energy ltd

what do you make of the financials, page-3

  1. 5,336 Posts.
    lightbulb Created with Sketch. 88
    Didn't get past this summary of P2.

    "Intersected a potentially gas-charged Montara sand;
    h Penetrated the three Plover Formation reservoir sands discovered in the Poseidon-1 well, establishing continuity
    of the gross sand intervals and intervening shales;
    h Conducted Drill Stem Tests (DST) that prove log interpretation results identifying the presence of movable gas;
    and
    h Karoon reservoir modelling indicated that Plover B reservoir properties at this down-dip location should be
    sufficient to contribute to overall field gas recovery.

    Mmmmm recoverable gas on the edges mmmm many tcf.
 
watchlist Created with Sketch. Add KAR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.