KAR 0.00% $1.48 karoon energy ltd

why the plummet in share price???, page-5

  1. Ya
    6,809 Posts.
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    It's a monster find with a twist.

    They've had further problems while running in the 5" liner & have decided to P&A, which means they can't flow this well & have to move on to the next location.

    Main thing is there's 430m of gross sandy gas & a follow-up well will b drilled by another semi-sub.

    They've also revised the areal extent for the structure to 280 sqkms.

    This rig will move to Kontiki & probably another rig will drill Poseidon #2, its not a duster by any means, just a technically challenging well as is the norm in the Browse.

 
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