Sorry Goldie
I'm not a geologist or an engineer but my time behind the BBQ tells me that low flow means low gas pressure, therefore less gas overall.
Kar said the core samples at P2 showed good permeability and they appeared confident it would allow a reasonable flow rate if the gas was there. (ie geology wasn't going to be an issue). Which is why they didn't believe the original no flow result.
So now it's flowed (which is great), but not as much as I believe they secretly hoped, so hence my belief that 10tcf+ is now unlikely. (Very happy to be proved wrong)
Remember Kar were hinting at the prospect of significant resource estimate upgrade before P2 results and are now back to the original but still excellent figure of 7tcf.
All that said I'm still a "Go the gas!!!!" believer.
Sorry Goldie I'm not a geologist or an engineer but my time...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add KAR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.48 |
Change
0.000(0.00%) |
Mkt cap ! $1.187B | |||
| Open | High | Low | Value | Volume |
| $1.51 | $1.51 | $1.48 | $9.090M | 6.098M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 34975 | $1.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.49 | 3831 | 1 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| KAR (ASX) Chart |