11000boepd paloma development plan, page-17

Stapleman the well spacing for shale is very interesting and partly hints at why Neon have taken so long testing the Lower Antelope Shale. This shale extends over the entire 2800acres which could mean a resource of 60MB for that zone alone. Solimars release had this note about the LAS....'Operator Neon estimate substantial Petroleum Initially In Place within the stacked pile of Monterey Formation shales and sandstones.

Good also to see the LS core sample photos in Solimars presentation. Certainly looks encouraging for the test given Elogs and mudlogs are also good.