KAR 1.66% $1.49 karoon energy ltd

Ann: June 2022 Quarterly Report and Appendix 5B, page-16

  1. Ya
    6,809 Posts.
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    Teddo: well performance is as under.

    1) PRA-2: 1900 bopd pre-intervention, now doing 3400 bopd. So that's better then earlier flowrates.

    2) SPS-56 was flowing 700-800 Bopd, so needs gas-lift equipment to improve its performance. Don't know how much of a difference we will see.

    3) BAN-1: currently at 1900 Bopd, needs a lower zone re-opened (shut by a sliding sleeve few years ago, dont remember the depth around 2xxx metres ??).

    4) SPS-92: currently at 6100 Bopd, needs a new ESP. It is the best producer on the field.
    So KAR needs the above 3 online first to compensate for any drop in volume when SPS-92 goes offline.

    5) SPS-88 currently at 2300 Bopd, not part of re-intervention.

    Timeframe for completion is in Q4 this year, but they r running a bit slow as per the Qtrly.
    Oil from 2 Patola wells should flow by March Qtr nxt year if there aren't any more delays.
    Hope this helps.
 
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