KEY 0.00% 0.1¢ key petroleum limited

Philley The previous operator did not miss a 5m oil column. The...

  1. 59 Posts.
    Philley
    The previous operator did not miss a 5m oil column. The electric logs were pretty conclusive. The vast majority of the Bookara Sst was tight! IE not reservoir, not pay. There was a small zone less than 1m thick that may have been porous but the likely volume of oil that could have been produced from that interval would not have paid for the cost of running production casing & completion. Hence the previous operator recommended P&A - Key could have sole risked the testing of Dunnart-1 but they didn't. History

    All that will come out of Dunnart-2 will be more destruction share holder value.
 
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