PANDA7,Sorry to dissappoint you but thats not going to happen...

PANDA7,

Sorry to dissappoint you but thats not going to happen ,there is no risk, this is from the browse update 4 mths ago .

The Poseidon]2 appraisal well is located in WA]398]P, on the southern flank of the north]east trending structural
high of the greater Poseidon structure (Figure]1).
The objective of this well is to test the extent, presence and quality of reservoirs down]dip from Poseidon]1
where the Plover Formation thickens.
The well is planned to intersect the upper sand intervals in the gas column and then the gas]water contact within
the lower sand interval. A full evaluation program is planned, including production testing, subject to well
results. This well will fulfill one of the four primary term well commitments in WA]398]P.

please read the objectives and the interception depth of the gwc is in the lower sands as planned. so what looks wrong with this ?

the current report sayiong posiedon has been reduce in side due to the gwc being in the lower as is complete bull as you can see the gwc was always thought to be in the lower sands and p2 has know proved that.

some reports say lower co2 is good but don t mention the high methane content as ya say its full fat milk.

never once stated they were looking for high gas flows its all market ignorance and analyst blinker vison .

the current kar bashing is unfounded even cop believe its commercial .