example of the rule, page-28

Cujo this is not a salvage operation. Far from it. Don't confuse this fake manipulated stock price with the real assets Karoon holds (which is the real position they're in).

The 20 or so meters of sand discovered on P-north is a legitimate and good discovery and adds more TCF's to the Posiedon field. My geologist friends say it appears they drilled close to the tilting of this fault block. Which means it is likely the sands are pinched in this area. As you move further away they will become thicker. This will give them info to compare to the seismic they already have to better interpret it. That is what takes so long to get a true size determination, they have a lot of data to go through and analyze. And they are 6 freakin kilometers away from P1, do you understand how big that is and they're still hitting gas bearing sands?

The difficulty they have run into is not that nobody wants their assets, it's that they want too much of the asset, and Kar is trying not to give up too large of a percentage because they know they've got a good thing, in the Browse and Brazil. But it seems a deal has been done and they're just working through the proper approvals.