KAR 1.44% $1.76 karoon energy ltd

what do you make of the financials, page-3

  1. 5,302 Posts.
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    Didn't get past this summary of P2.

    "Intersected a potentially gas-charged Montara sand;
    h Penetrated the three Plover Formation reservoir sands discovered in the Poseidon-1 well, establishing continuity
    of the gross sand intervals and intervening shales;
    h Conducted Drill Stem Tests (DST) that prove log interpretation results identifying the presence of movable gas;
    and
    h Karoon reservoir modelling indicated that Plover B reservoir properties at this down-dip location should be
    sufficient to contribute to overall field gas recovery.

    Mmmmm recoverable gas on the edges mmmm many tcf.
 
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