KAR 4.02% $1.94 karoon energy ltd

http://www.smh.com.au/business/poseidon-field-fails-to-deliver-fo...

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    http://www.smh.com.au/business/poseidon-field-fails-to-deliver-for-karoon-20100203-ndcw.html


    "It said the position of Poseidon 2 about six kilometres from the discovery well was always risky if it was high gas flow-rate that was sought.

    The crest of the greater Poseidon structure will next be tested by the Kronos 1 exploration well.

    Karoon said it had the aim of confirming commercial production rates."


    I may have mis-read that... maybe they mean that Kronos-1 will confirm the production rates?
 
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