KAR 1.79% $1.38 karoon energy ltd

big buyer and sellers, page-68

  1. 12,914 Posts.
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    Hi GH,

    Based on a note I received and also from Report No. 10. Both are dated Friday 02.08 as you indicated.

    "Sidetracking operations are currently WELL under way and Karoon expects to return to drilling in the coming days
    having also completed scheduled blow out preventer testing."


    " Proteus-1 is expected to reach the target reservoir next week after

    mechanical issues. Results from analysis of the Bilby core samples are

    expected in late August, which could precede an initial resource estimate.

    Finally delivery on divestments over the next 6 months could further cement

    the funding position and could provide an attractive look-through price."


    Froggy, Life's not a dress rehersal you know. Lol.

    Cheers,
    Stevo
 
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