Hold on to your hats – here is an excerpt of a report from a very conservative institution just published.
Gas sands intersected but not the main target
Karoon Gas yesterday announced that the Posedin – 2 exploration and appraisal well had discovered thin inter- bedded sandstone approximately 50 – 70 meters above the wells target zone, the Plover sandstone formation. Due to the imminent announcement of the outcome of the Posedine – 2 well which will affect our evaluation by up to $ 8.00 per share.
It goes on to say that this stock is not for the faint hearted – as we all know..... and hold off for the imminent annoucement
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