Club Mulgoa

Sunday, May 05, 2013

KAR

The announcement this AM was 200m column of oil discovered in Santos Basin in Brazil.  How good is that?

3 out 4 drilling results have confirmed oil so far.  How good is that?

The share price has jumped today but it is below what I paid for BEFORE oil was discovered.  Maybe, the discoveries are less than what is expected.

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