KAR 3.32% $1.87 karoon energy ltd

recent gloom, page-38

  1. 956 Posts.
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    First, i'd like to say good luck to you too Susan. She has made some valid points. This is a risky stock, particularly atm. I'm not expecting a gas flow at P-2 as it is on the southern flank. Still hoping for one. If we can get a good gas sample but no flow, it may be enough for us to hold $7.
    All depends what they announce. Also, i think they are under the impression that the Montara sands may be part of another field to the south of P-2; and Montara sands overlap the southern part of the Poseidon structure around P-2. Scott sounded keen to drill here, perhaps with a target of 1 tcf instead of Lion-1. However, i think it is up to COP as operator. Hoping just technical problem and we get good gas flow from P-2.
 
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