KAR 2.95% $1.92 karoon energy ltd

Goldie..I was expecting the depth to be a tad higher thats...

  1. 127 Posts.
    Goldie..

    I was expecting the depth to be a tad higher thats all..

    .. i am more interested in the fact that the announcement's explicit mention of a BOP being used.. from the wikipedia the use of a BOP indicates the "drilling crew lost control of formation fluids..which would mean they have found oil and needed to use a BOP to control the gushing oil..

    http://www.glossary.oilfield.slb.com/Display.cfm?Term=blowout%20preventer

    thats my lay man's take on today's announcement....anyone else
    want to take crack at decrypting the announcement ?

    Long and strong on KAR..

 
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