KAR 4.26% $1.46 karoon energy ltd

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  1. 242 Posts.
    Email sent to CFO requesting an update
    Email received in part as below


    On the Boreas well, on a best case scenario we would be at TD in a couple of weeks, and worst case up to 2 months after that, we are running around mid case. I should something out tomorrow to update but we are past the tough drilling zones and the next goal is a stop right above the interpreted reservoir section.

    The Brazil Farmout is ongoing, I would not listen to market hearsay on this, we still have quite a bit of time before we drill and reach target. The terms are good commercially.
 
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