KAR 2.22% $1.38 karoon energy ltd

whatayaknow?Not a bad little run today . . .I understand the...

  1. 2,041 Posts.
    whatayaknow?

    Not a bad little run today . . .

    I understand the extra-time P-2 is taking is proving to be valuable in obtaining and "fast-track processing" the Kronos section prior to drilling (note Lion will be drilled prior to Kronos, but this is only a shallow very well).

    I understand some consideration has been given to drillng Lead-F also, but suspect this may be contingent upon Kronos success. The JV has the cash, rig-slots, determination and the quality leads to be able to unlock a massive amount of gas . . . and I'd be very surprised if weren't lloking at > 15Tcf in 6months time.

    Tomorrows open price?

    Depending on whether we get a "please explain" or another update, we could get a strong open.
 
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$1.38
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1 15786 $1.38
 

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$1.39 1601 2
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