My understanding of the side tracking (and believe me I know nothing) is to better define the resource, the permeability and porosity of the field.
So rather than drill another appraisal they decided to side track because presumably it would be cheaper and because they are already in the hole.
KAR has a 2 well plus 2 well option.
One of these wells is K2
The other is WK.
So now because they are side tracking KAR will have 2 possible wells left which are the option wells.
One might be an appraisal on WK the other might be another exploration drill else where.
Makes sense to me but what would I know.....
KAR Price at posting:
$2.39 Sentiment: Buy Disclosure: Held
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