KAR 4.26% $1.46 karoon energy ltd

Hi Ya,Welcome back onto Kar's P1 Just a couple of questions. 1....

  1. 473 Posts.
    Hi Ya,

    Welcome back onto Kar's P1

    Just a couple of questions.

    1. As the TD has been revised to further down to 5112m atm, and yet to be drilled to touch the GWC. The porosity will be very much reduced then and hence the gas might not be able to flow. Is that worthwhile to continue drilling to touch GWC? Will this porosity factor affecting their decision to stop at 5112m instead of continue to drill to GWC?
    2. Since the TD is 5112m atm, it has already exceeded the previous 4800m. Kar's previous reservoir resource estimates base on TD 4800m were P10=15T, P50=7T & P90=3T. Should this be revised upward assume all other factors remain unchanged?
    3. Ontop of the deeper depth, the pressure has also be greater at 5112m than the 4800m. That means the reservoir will have less gas volume in place (more compressed) but more gas when pressure is reduced. Which mean more gas eventually.
 
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