KAR 0.53% $1.90 karoon energy ltd

Coring is completed. Cores have been sent off to the lab for...

  1. 385 Posts.
    Coring is completed. Cores have been sent off to the lab for detailed analysis, but initial inpsections show them to be what was expected, very good. We have gas and pourus sands.
    Wireline logging has been completed. Looks excellent. Gas pay zones have been identified and are being targeted for tests.
    The set up for production testing is under way, which they said would take up to 21 days. They would not proceed to production testing unless all the previous steps looked extremly good. Very expensive and time consuming to do these tests, which confirms they are very happy with the results so far and should have a very favorable flow test. Could hear something toward the end of next week at the earliest.
    No coincidence we have a great flow test right before the annual meeting.
 
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