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$1.58 karoon energy ltd

Oh Scotty that big green blob really did get bigger didn't it??...

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Black Swan

6,162 Posts.

52

14/08/14

19:18

Post #: 13819584
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Originally posted by scittyandcross ↑

resource upgrade showed a bit more than 25 metres now with a bit more upside potential as well

"The new core analysis and reservoir fluid data has indicated that the reservoir encountered in the Kangaroo‐1 well has better than previously estimated permeability, resulting in an increased net‐to‐gross ratio through the Kangaroo‐1 reservoir section as shown in recent laboratory core analysis; and a larger oil column, as demonstrated by 40 degree API hydrocarbons recovered from a sample taken below the previously estimated oil water contact.

These new data findings have required a recalibration of well logs and pressure data interpretation. The outcome is that the Kangaroo‐1 gross oil column has been extended from 25 metres to 76 metres.

With the Kangaroo‐1 well positioned well down dip on the structure, reservoir sands below the revised oil water contact are interpreted to be present updip in the structure giving a 650 metre potential gross column based on the well data and seismic mapping of the structure."

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Oh Scotty that big green blob really did get bigger didn't it??

Warren I am tipping 436, 325 for the shorts today

KAR Price at posting: $3.52 Sentiment: None Disclosure: Held
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Last $1.58		Change -0.125(7.35%)		Mkt cap ! $1.263B

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