KAR 4.20% 57.0¢ karoon energy ltd

what do you think?

  1. 1,675 Posts.
    Given the following:

    The well then penetrated the top of the Plover Reservoir interval close to prediction and intersected a thicker Plover
    Formation sequence, intersecting all of the three gross reservoir intervals seen in Poseidon-1. Approximately 60m of core
    was cut within the reservoir interval. The well was drilled to a final TD of 5356mrt which is below the estimated level of
    the Gas Water Contact (GWC) as predicted. Logging While Drilling (LWD) and mud-logging data interpretation indicated
    the presence of hydrocarbons in reservoirs above the estimated GWC. The presence of hydrocarbons cannot be
    confirmed until wireline logging and testing is completed in this zone. Due to delays caused by Cyclone Lawrence,
    wireline data has not yet been gathered over the Plover Formation reservoirs.

    Knowing the report from P-1 and what we see so far from P-2, can anyone calculate an estimated value expected.

    I was trying but the figures floored me.

    I was just having something to do while waiting for the next report.

    Bob and Sandy
 
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