KAR 1.91% $1.80 karoon energy ltd

big buyer and sellers, page-72

  1. 1,675 Posts.
    Thanks stevo - That is good news. Only thing I have was report no 10.

    Could you post or tell me where I can read the other information please.

    Hope everyone has a great week and we all make a lot of money.

    Bob

    copy of report 10

    Proteus-1 Exploration Well in WA-398-P
    Progress Report No 10
    At 06:00 WST on the 2nd of August preparations were being made to sidetrack the Proteus-1ST1
    borehole.
    Since the last update the 6-1/2” hole section was drilled from 4583 mRT to 4937 mRT. After a stuck
    drill string and repeated failure at recovery a decision was made to sidetrack the well. 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.
    ConocoPhillips is the operator of the jointly held WA-314-P, WA-315-P and WA-398-P Browse Basin
    permits containing the previously announced Greater Poseidon gas discoveries. Karoon Gas
    Australia Ltd holds a 40% equity interest in permit WA-315-P and WA-398-P, and a 90% interest in
    permit WA-314-P.
    Proteus-1 is the third well in the exploration program. Proteus-1 is located in permit WA-398-P on a
    large tilted fault block approximately 14 kilometres south east of the Poseidon-1 discovery well.
    The Transocean Legend semi-submersible rig is drilling the exploration well, which is operated by
    ConocoPhillip
 
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