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Small-Cap

Why buy Karoon Gas ?

December 17, 2014 | Team Kalkine
Why buy Karoon Gas ?

Karoon Gas (KAR), the international  oil and gas exploration player, has elucidated its performance progress through recent updates that entail multiple oil bearing zones encountered at Kangaroo-2 appraisal well; recovery of oil from five separate reservoirs within the Palaeocene (formerly, Eocene) and the Maastrichtian formations; recovery of oil that includes 17 samples, estimated 40 degree API, Gas Oil Ratio (GOR) of 400 to 700 standard cubic feet per barrel (scf/bbl); and confirmation of 250 metre gross and 135 metre net reservoir pay by wireline petrophysical logging and sampling. Drilling was complete at a total depth of 2,369 metres below rotary table and a wireline logging program was underway, as on 25 November 2014. Click Here to read the complete report.
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