Stapleman I think the announcement you are referring to is one made by Solimar that held DOGGR figures for well spacings and yields in the Monterey Shales of our vicinity.
I came up with 66MB for the Lower Antelope alone given our 2800acres of which the LA is thought to fully cover.
The other two zones that may come in big are the Upper Antelope (already a producer on Paloma well east of us) and the Fruitvale. The Fruitvale could be a play on two grounds, firstly the conventional imbedded sandstones within the shale and secondly as a shale play in its own right. The latest testing should help to determine this.
While the upper limit of the DOGGR spacings and yield suggest a figure like your 249MB, it is somewhat theoretical in my view. Until more testing is done it is hard to assess the resource held by Neon at Paloma but your conclusion that current estimates are likely to be exceeded by quite some substantive margin has a high probability.
NEN Price at posting:
35.5¢ Sentiment: LT Buy Disclosure: Held
