KAR 2.43% $1.48 karoon energy ltd

glass half full or half empty.??, page-4

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    That said, with the tested carried out over a 330m open hole section across both the Plover and Montara formation (vs. a 50-70m perforated zone at Boreas and Kronos) it remains difficult to ascertain the contributions from these individual reservoirs.

    Apart from Markie wise contribution regarding the choke size etc this is the key right here...


    The flow was conducted over an open 330 metre section - the levels of liquids therefore give you a lower reading than had we fully tested the Montara section......

    Simply there is a mix here of the plover ( dryer sands) and Montara being fully wet sands -

    "KAR say they are highly confident future production wells ADJACENT could flow at 100 MMsc/d"

    Of course they are - they would drill different sections of the formation and get much higher flow from the Montara..

    So when it is all added it just adds a very large annexure to the Poseidon structure.....

    Game on - yes shorters playing it and also i concur SPP. bailing as well the cappers have set themselves there.

    Look at stuff also like Gas bearing Juraasic aged formation ads to the prospectivity of adding older forms of Plover formation discoveries to date!!



    Lets see what the next few days bring!
 
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