Karoon Gas Australia Ltd advises that as at 06:00 hours (WDT) today, Poseidon-1 was drilling
ahead in 8-1/2” hole at 4580 mRT. Since the last report the well has been drilled from 4180
mRT. With the inclusion of LWD data, the top Middle to Upper Jurassic reservoir target has
been revised to approximately 4650mRT, with no material net impact assessed on prospective
resource estimate ranges.
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