KAR 0.00% $1.76 karoon energy ltd

Stickman I don't think we are at target depth I think the 10m we...

  1. 13,252 Posts.
    Stickman I don't think we are at target depth I think the 10m we have drilled through the an elongated anomaly and what we want is a zone of between 150m to 100m which as I think they just broke the overlaping anticlines which are prevelent in the browse basin which was the reason for drilling deeper
    The report says


    Further reservoir sands are expected to be penetrated in the prognosed higher net to gross
    reservoir interval over the next 24 to 48 hours.

    Which is where we should expect to find the zone which are prevelent in the browse basin bearing usually between 100m to 150m. If the anomalies and the gas reading where not there I would be worried but it is a very positive report.

    And Swannnie I was a bit disappointed in myself for blurting out but I take my lumps and will never do it again.
 
watchlist Created with Sketch. Add KAR (ASX) to my watchlist
(20min delay)
Last
$1.76
Change
0.000(0.00%)
Mkt cap ! $1.412B
Open High Low Value Volume
$1.78 $1.79 $1.74 $6.488M 3.679M

Buyers (Bids)

No. Vol. Price($)
3 20514 $1.76
 

Sellers (Offers)

Price($) Vol. No.
$1.78 5782 1
View Market Depth
Last trade - 16.10pm 12/08/2024 (20 minute delay) ?
KAR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.