KAR 4.67% $1.53 karoon energy ltd

Ann: Pharos-1 Progress Report No 2 , page-13

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  1. 1,452 Posts.
    "is targeting an extension of
    the discovery made at Proteus-1 which
    established excellent reservoir quality and condens
    ate bearing gas in the Montara formation."



    So is that it?


    A month in trading halt to tell us we are targeting something that has already been found.


    We'll be very fortunate if this doesn't open at $1.00, surely management have something more substantial to release that warrants this halt. All in my opinion of course.
 
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