Wishful thinking perhaps - but who knows?
From the last Report No 6 on 27 August, K-1 well was at 3,237m.
The first zone of interest was supposed to be around 3,800m - subject to GWC.
At the expected lower rate of drilling (say 150m per week, at best) KAR still has (3800-3237) =563m to drill.
Allow for 150m last week = 410m say. - i.e. still (410/150) = 2.7 weeks to get to first zone.
Suspect simply that the Report has just not come through from COP - too early for anything exciting yet - just have to wait.
As I posted earlier today, the releases so far this week (re 4 committed wells), should be seen as very positive and should help build and maintain interest in KAR for the next couple of weeks till 3,800+ is reached.
IMO, this stock is going to get a great deal more media coverage than already seen, as depth gets closer to 3800+.
KAR sp will be under very positive pressure as investors/speculators/traders become aware of the huge potential of the Browse leases.
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Last
$1.55 |
Change
0.015(0.98%) |
Mkt cap ! $1.203B |
Open | High | Low | Value | Volume |
$1.54 | $1.55 | $1.52 | $20.68M | 13.46M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 3800 | $1.54 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.55 | 30339 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 3800 | 1.540 |
1 | 15000 | 1.535 |
7 | 157463 | 1.530 |
10 | 111034 | 1.525 |
7 | 159198 | 1.520 |
Price($) | Vol. | No. |
---|---|---|
1.545 | 30339 | 3 |
1.550 | 36438 | 3 |
1.555 | 147500 | 4 |
1.560 | 145957 | 4 |
1.565 | 68399 | 2 |
Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
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