KAR 0.65% $1.54 karoon energy ltd

Hi JL1 ,The way it stands is they are going to stop reporting...

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  1. 1,325 Posts.
    Hi JL1 ,

    The way it stands is they are going to stop reporting once they hit the target interval which to them will be the topof the upper jurassic.

    That was hit at 4619 mtrs .Kronos 1 is at least 100 mrts higher then p1 as p1 is below crestal part of the reservoir ,so we are looking at only 422 mtrs and it could be less .

    They will go silent until the information they provide can be confirmed by the testing .in their words when complete and reliable information is available .i think they will use this to hold off telling us anything until its all done and dusted .a few weeks after next i would think .

    its very unlikely that there will be a gas column above the target sands only background gas hopefully as was the case with p1 in the non resevoir section but its has happened with p2, they have alot more info available to them with the new 3ds and confirmation that p2 has the large c sands which is the meaty bit and that should be big in kronos 1.



 
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