KAR 1.44% $1.76 karoon energy ltd

MaddocThat's not what they are referring to in this...

  1. 480 Posts.
    lightbulb Created with Sketch. 32
    Maddoc

    That's not what they are referring to in this announcement. They are simply stating that the wellbore has been opened and is in communication with the surrounding reservoir.

    Before any gas reaches surface, it has to have enough pressure behind it to lift the fluids remaining in the wellbore out of the hole. There will also be alot of drilling fluid that was lost to formation while drilling that will have to be flowed into and out of the wellbore. Is there enough productivity here to do that? We'll have to wait and see.

    I'm not bashing things, I'm still holding and confident. But as others warn, it's not necessarily a grand slam just yet.

    Picko
 
watchlist Created with Sketch. Add KAR (ASX) to my watchlist
(20min delay)
Last
$1.76
Change
0.025(1.44%)
Mkt cap ! $1.412B
Open High Low Value Volume
$1.77 $1.79 $1.75 $6.040M 3.416M

Buyers (Bids)

No. Vol. Price($)
4 20933 $1.76
 

Sellers (Offers)

Price($) Vol. No.
$1.77 350 1
View Market Depth
Last trade - 16.10pm 09/08/2024 (20 minute delay) ?
KAR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.