KAR 4.26% $1.46 karoon energy ltd

research - price target $9.18 - baillieu, page-26

  1. 416 Posts.
    Considering KARs propesity for running late, you're right that 3 wells in a year could be tough.

    I got the impression from some of the releases that they're planning to drill regardless of the farm in, and needed to get the wells drilled explains that to a degree.

    We've got the cash to at least start the program, and any results would significantly affect the price (either way, so I suspect the highest probability well will be first)
 
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