KAR 0.55% $1.80 karoon energy ltd

Ya,do you think that STO will announce the outcome of the...

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    Ya,
    do you think that STO will announce the outcome of the drill?
    I didn't notice anything announced upon spudding of Crown-1 so I guess STO will have to decide if it is material to their SP. Do you have any info on the estimated size of the prospect? I presume they are expecting gas! I could only find a reference to it in their 15 May 2012 APPEA Investor Briefing but no details apart from it's location directly adjacent to Greater Poseidon. Looks to be much closer to P-1 than any well in the Torosa field.

    The next couple of weeks will be edge of the seat stuff for the KAR faithfull. Greatly relieved to be finally drilling again.

    ANZ
 
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