KAR 1.09% $1.39 karoon energy ltd

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    Emu-1 (Block S-M-1102 and S-M-1037)

    Established good quality reservoir sands at several
    target intervals.

    Presence of elevated mudlog gas readings and oil fl
    uorescence were recorded over target
    sections.

    Further analysis of Emu-1 geotechnical information
    and mapping will be conducted to
    determine the full impact of the well result.
    Sufficient information was obtained to warrant addi
    tional follow up geotechnical and engineering
    work which may include further exploration drilling
    on Emu in the future.
 
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