Highlights Paloma Deep-2 • Confirmed lateral extent of potential pay zones encountered in Paloma Deep-1 • Penetrated a new deep sandstone reservoir with excellent oil and gas shows • Analysis of wireline logs and core data in progress • Well being completed for production testing Paloma Deep-3 • Initial production testing flowed gas from a shallow zone at a maximum rate of 968Mcf/d • Further testing will determine volume and deliverability Paloma Deep-1 • Oil flowing at a stabilised rate in current test of Lower Antelope Shale • Testing of shallower zones to commence shortly
NEN Price at posting:
39.5¢ Sentiment: Buy Disclosure: Held