KAR 0.00% $1.38 karoon energy ltd

Great posting Ya. A couple of minor points. I suspect they...

  1. 61 Posts.
    Great posting Ya. A couple of minor points. I suspect they deliberately drilled off the crest to get a thicker Plover reservoir section. The seismic shows this to thin the higher up you go on the stucture. From the well results they got it spot on if this was their intention. Also, plug and abandon means that's it for P-1. They set cement plugs and cut off the well head. There's no going back and I suspect this was always their intention. Stating this very early on might have stopped the SP haemorrhaging but maybe they did and I missed it. Keep up the excellent analysis!
 
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