KAR 3.10% $1.33 karoon energy ltd

"All comments are the ones holding pre salt areas from now own...

  1. 6,162 Posts.
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    "All comments are the ones holding pre salt areas from now own are the "lucky winners" (in or not in Libra areas) because the technology is becoming cheaper and highly available with potential of high discoveries, much bigger than the previous data estimate in conservative levels."

    Excellent points warrior.... it was only a couple of years ago that 6,000 metres + of depth was drilled or even considered possible to drill.

    I mentioned a few times that only super majors can / could drill at these depths and have been the only ones who have to date.

    With improvements and information logged with these wells it will be interesting to see if it remains their domain ( and our J partner for the pre salt is infact a big boy) or with advances other players are capable?
    Still prefer a big guy with the expertise...we are talking billions of BOE in the pre salt...you got to get it right.

    You hold KAR Salient and don't see the relevance the pre salt Auction and it's magnitude in the Santos Basin has to do with KAR?
 
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