Karoon Gas Australia Ltd. (KAR.AU) said Wednesday that a production test at its Kronos-1 exploration well has recorded an equipment-contrained gas flow of 26 million standard cubic feet per day.

Karoon, which is a joint partner with ConocoPhillips (COP) on the well in the Browse Basin off Western Australia, said the production test would continue for approximately seven days.

"(It) will include shut-in and flowing periods, surface sampling of reservoir fluids, possible bottom hole production logging and reservoir fluid sampling," Karoon said in a statement.

It said pressure data confirmed the Kronos area is a separate gas accumulation.

-By Neil Sands, Dow Jones Newswires; 61-3-9292-2095; neil.sands@dowjones.com
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