KAR 1.44% $1.76 karoon energy ltd

p2 & beyond, page-10

  1. Ya
    6,809 Posts.
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    Forgot to add, re: the gas sample/heavies.

    Besides pressure readings on the flowtest, the purpose was to decipher the codensate:gas ratio (CGR)

    AS per KAR's internal modelling they were after a CGR of 30+ bbls/mmcf, the low threshold is 19 bbls/mmcf & upper limit being 43 bbls/mmcf. See past archived presentations on their website.

    In even simpler terms, full-fat or low-fat milk!!

    They've got what they were after (close to full-fat) & COP-KAR should b pretty happy with that.

    If the reservoir flowed 6kms's downdip & posed challenges esp. with permeability/blockages, COP will come up with a strategy to exloit the reservoir at the crest & ensure that this doesnt repeat again, ofcourse at the end of the day one can do so much right. For now IMO, the operator should b happy. Mission accomplished.

    That 1 gas sample & a windy woof of a flare with low Co2 was absolutely crucial to prove that HC's r moveble, given that they had none of this at P#1 or at Argus or Caswell next doors !!

    Just my thoughts. Back to my bat cave.
 
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